Renta 4 raises target for Acerinox stock to EUR 22.80

Published on 10/06/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Renta 4 forecasts EUR 842.60 million EBITDA for fiscal year 2027, up 34.00 percent. Acerinox stock has EUR 4.2 billion market cap on October 6, 2026.

Aquarellillustration der Madrider Skyline bei Sonnenuntergang mit Hochhäusern — Aquarellmalerei der Madrider Skyline symbolisiert den Sitz von Acerinox S.A. (ISIN ES0132105018) nahe IBEX 35, Illustration mit AI erstellt.

Acerinox (ISIN ES0132105018) has received a higher Renta 4 valuation, with the target lifted from EUR 20.00 to EUR 22.80 on October 5, 2026. The change puts the analyst view firmly on the company's projected 2027 recovery rather than its 2026 earnings alone.

Target rises on 2027 recovery

According to Estrategias de Inversion on October 5, 2026, Renta 4 kept its overweight recommendation while raising the target from EUR 20.00 to EUR 22.80.

Renta 4 estimates EBITDA of EUR 842.60 million for fiscal year 2027, a 34.00 percent increase from its EUR 628.80 million estimate for fiscal year 2026. The forecast also stands 4.50 percent above the EUR 804.60 million consensus estimate cited in the same analysis.

First-half profit turns positive

Acerinox finished the first half of 2026 with net profit of EUR 77.00 million, compared with a EUR 18.00 million loss in the first half of 2025. EBITDA reached EUR 271.00 million, 27.00 percent above the EUR 213.39 million implied by the prior-period comparison cited by the company coverage.

The company's Acerinox investor-relations page lists an interim management report for the first half of 2026 and a second-quarter 2026 results presentation. The figures make the analyst upgrade dependent on operating recovery, especially in stainless steel and the group's high-performance alloys businesses.

October 30 results set the test

Acerinox is scheduled to publish third-quarter results on October 30, 2026, before the market opens, according to Estrategias de Inversion. Renta 4 forecasts third-quarter EBITDA of EUR 189.50 million, 75.50 percent above the third quarter of 2025 and 7.70 percent above the second quarter of 2026.

For investors, the upcoming report is the first concrete checkpoint for the 2027 thesis. The forecast assumes that stronger volumes and prices, European trade safeguards and improved performance at the US businesses will translate into higher earnings.

Market value and trading venue

Acerinox has a market capitalization of EUR 4.2 billion as of October 6, 2026. Its 52-week range is EUR 11.03 to EUR 18.58, leaving the latest market data within a broad year-long trading band.

The company trades on BME under ticker ACX.MC, and its shares are included in the IBEX 35, according to Global Banking and Finance. Acerinox produces and distributes stainless steel and related products across Europe, the Americas, Africa, Asia and Oceania.