Jefferies Starts Auna SA Buy Rating with $9 Target, Highlights $500M Mexico Expansion
Jefferies initiated Buy coverage of Auna SA with a $9 price target, noting shares trade at 4.5x 2026 estimated adjusted earnings. The $500 million Sojitz-backed expansion of Mexico operations and the Trecca PPP project in Peru are expected to accelerate the company’s growth.
1. Analyst Coverage Initiation
Jefferies launched coverage of Auna SA with a Buy rating and set a $9 per share price target. The firm highlighted that Auna’s shares trade at 4.5 times its estimated 2026 adjusted earnings, suggesting significant upside potential.
2. Mexico Expansion Plan
Auna secured a $500 million Sojitz-backed investment to expand its Mexican operations. This capital infusion is aimed at scaling hospital and outpatient networks to capture a larger share of the underpenetrated private insurance market in Mexico.
3. Trecca PPP Project in Peru
The company is advancing the Trecca public–private partnership project in Peru, which involves developing high-complexity healthcare facilities. This collaboration is designed to enhance service capacity and drive revenue growth in the Peruvian market.
4. Regional Growth Dynamics
In Q3, robust volume growth in Peru and Colombia offset a temporary decline in Mexico. With private insurance covering only about 10% of the regional population, Auna stands to benefit from rising healthcare spending across its markets.