Merlin, Santander, Indra… The Ibex companies which aim to be among the “favorites” of analysts

The lateral consolidation that the main European stock exchanges in general – and the Ibex 35 in particular – have experienced in recent weeks, also seems to reflect the recommendations of analysts, who have not brought significant changes to the companies listed on the Spanish stock exchange. market in recent weeks. Indeed, the composition of the Top 10 by fundamentals of eco-retailer was not modified during the last weekly reviews carried out.

Despite everything, several companies are willing to enter the list that brings together Spanish companies with a better recommendation according to market consensus. These are Merlin, Santander, Indra, whose buy recommendation is so strong that it could be integrated into the portal tool. prime of the economist every time.

Above all, given the volatility that can generate – both at the stock market and analytical level – the avalanche of economic results that are published (and will be published) on the Spanish stock market. In fact, the financial entity chaired by Ana Patricia Botín has been the main protagonist in this regard in recent hours.

The entity obtained an attributable profit of 9,309 million euros between January and September, which represents an increase of 14% year-on-year and exceeds the 9,227.70 million projected by the consensus of Bloomberg analysts.

Cantabria is the only bank that will continue to grow over the next two years. Expert consensus estimates collected by FactSet call for net income of $12.245 million by 2026, 2.2% higher than expected this year. And the rest of their Spanish counterparts will see their profits decline significantly.

The average investment firm clearly recommends buying its shares. In fact, it is the best positioned financial entity in this sense of the entire sector in our country. And, after making their accounts public this Tuesday, the experts who reviewed their strategy in this area reiterated their assessment and recommendation.

At Indra, for its part, the catalyst – in addition to the commercial results that it will present this Wednesday – is the recent agreement reached with the rest of the shareholders of Tess Defense (TESS), specialized in the design and production of military land vehicles. . latest generation, to double its stake in the company and thus take control of the company (see page 18).

The average investment firm advises taking positions there and even though it is among the Ibex companies seeing increases of over 20% so far in 2024, it still has an upward trajectory of over 40%. over the next twelve months.

In the case of Merlin, the publication of the quarterly accounts is scheduled for November 14. Experts predict improvement a net profit of 50% to exceed 100 million euros.

If it manages to meet market consensus estimates, the company could cross the €100 million mark in net profit per quarter for the second time in its history.

Is IAG or Acerinox’s position in danger?

On the other side of Merlin, Santander and Indra are Acerinox and IAG, two stocks that, despite clear buying advice from an average investment company, see how tool wannabes can surpass with their recommendation, which would result in its departure from the Top 10 fundamentals. And that, in the case of the airline, expert estimates point to an improvement in its net profit compared to forecasts at the beginning of the year which exceeds that of the rest of its competitors.