In a report released on October 14, Inigo Egusquiza from Kepler Capital maintained a Buy rating on Acerinox, with a price target of €14.75. The company’s shares closed last Tuesday at €11.70.
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Egusquiza covers the Services sector, focusing on stocks such as MFE-MediaForEurope NV Class B, Atresmedia Corporacion de Medios de Comunicacion, S.A, and MELIA HOTELS INTERNATIONAL. According to TipRanks, Egusquiza has an average return of 7.9% and a 57.54% success rate on recommended stocks.
Currently, the analyst consensus on Acerinox is a Moderate Buy with an average price target of €12.63.
Based on Acerinox’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €3.06 billion and a GAAP net loss of €17.54 million. In comparison, last year the company earned a revenue of €1.3 billion and had a net profit of €61.49 million
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