IAG (Iberia) is a focus for JPMorgan in this market moment. He frames it as «positive catalyst observation» in the short term before the quarterly report of the company, when to know the results of the airline holding of the first nine months of exercise 2025.
And the first thing is recommend overcoming your shares on portfolioswith an objective price that is among the highest in the market. We talk about 5,5 euros By action, which is a possible advance in its price, 12 months seen of 25.74% from their current contribution levels.
It is one of the determined recommendations of the American bank at this time of market, and, its analyst Harry Gowers, expects quarterly operational results to exceed 5 % consensus. In addition, a new sharing repurchase program for investors could be announced, which would raise the attraction of a company that has a dividend profitability, after recovering the payment to the shareholdersomewhat higher than 2% right now.
The average market consensus, which includes Reuters does not present any council for sale of its shares, with an average purchase by analysts who follow IAG of 4.5 euros per share in its target price, which is a possible bullish tour for its titles in the IBEX 35 somewhat higher than 9%.
IAG’s actions are just less than one 4.4% of its maximums interannuals marked at 4,6080 euros per share on September 10, and dates back to about 100%, specifically 97.7% from its minimum of the last year of last October 2, in which it marked a price of 2,2280 euros per title.
So far this year earns 20.5%, With year -of -year increase of 78%, while yielding positions both in the last week and in the last month, although its quarterly improvement reaches 12.5%.
In recent weeks, IAG, in September began the refinancing of its debt with which he intends to repurchase up to 1.2 billion euros in bonds in circulation. The Air Group has launched a public offer to acquire two emissions, one of 500 million expiring in 2027 and coupon of 1.5%, and another of 700 million expiring in 2029 and a coupon of 3.75%.
And in the middle, it completed the partial repurchase of two bond series worth 371 million euros, issued with expiration at 2027 and 2029. In this way, it communicated to the CNMV, the National Securities Market Commission that The nominal amount aggregate pending amortization for these two series amounts to more than 252 million euros.
Specifically, for the issuance that expires in 2027, 133.2 million are pending amortization, while for which the nominal amount added of the slope bonds is expired in March 2029 is 119.3 million.
All this in addition to knowing that will maintain your 20% participation in Air Europa, After the participation of the Turkish airline Turkish Airlines, which will acquire 26% of the capital in exchange for 300 million euros.