XP reiterates neutral view for Kepler Weber stock

Published on 10/14/2026 at 00:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

XP set a BRL 7.00 2027 target for Kepler Weber stock on September 21, 2026. Q2 revenue reached BRL 299.00 million.

Analyst view and operating results

The September 21, 2026 report kept XP's neutral view and set a BRL 7.00 target for 2027.
Second-quarter revenue reached BRL 299.00 million, while net income was BRL 6.30 million.
Kepler Weber stock was last at BRL 7.35 on B3 on October 13, 2026 at 5:05 p.m. BRT.
Market capitalization stood at BRL 1.3 billion on October 13, 2026.

Kepler Weber Ord., BRKEPLACNOR1, Illustration mit AI erstellt.

Kepler Weber stock (BRKEPLACNOR1) had BRL 299.00 million in net revenue and BRL 6.30 million in net income in the second quarter of 2026, according to the Yahoo Finance transcript dated August 13, 2026. On September 21, 2026, XP Investimentos reiterated a neutral view and set a BRL 7.00 price target for the end of 2027.

XP sees a slow recovery

XP said Kepler Weber was managing a difficult agricultural cycle through more resilient businesses, including Replacement and Services. Its report also described a more conservative margin outlook and said the recovery in profitability could take time to reach reported results.

The analyst view follows a weaker second quarter. AgFeed reported that second-quarter revenue fell 3.90 percent from the year-earlier period, while net income declined 56.10 percent to BRL 6.30 million. For investors, the contrast is clear: diversification is cushioning operations, but profit conversion remains the immediate pressure point.

What does the cycle mean for earnings?

The company's second-quarter presentation showed a 13.00 percent quarterly contraction in the farms segment and 17.00 percent revenue growth in agri-industries, according to the Yahoo Finance transcript. Replacement and Services revenue expanded 5.00 percent, giving the company a recurring counterweight while large agricultural projects move through longer decision cycles.

The same transcript said the ports and terminals pipeline exceeded BRL 500.00 million, although project decisions and environmental licensing were delaying revenue recognition. That combination explains why XP kept its neutral stance even while pointing to longer-term agricultural recovery potential.

Stock price and market value

Kepler Weber stock was last at BRL 7.35 on B3 on October 13, 2026 at 5:05 p.m. BRT. The 52-week range was BRL 5.57 to BRL 10.52, and market capitalization stood at BRL 1.3 billion on the same date.

In chronological terms, the company reported BRL 299.00 million in second-quarter revenue on August 13, 2026; Citi cut its 2026 net income estimate from BRL 85.00 million to BRL 60.00 million on September 14, 2026, as reported by Money Times; and XP set its BRL 7.00 target on September 21, 2026.

Kepler Weber is listed on B3 under the ticker KEPL3 and operates in industrial machinery, with products for grain storage, handling and post-harvest infrastructure.