Cargotec Oyj

Cargotec is a provider of cargo handling solutions. Co. has three business areas: MacGregor, Kalmar and Hiab. MacGregor provides integrated cargo and load handling solutions and services for the maritime transportation and offshore industries. Kalmar offering consists of container and cargo handling equipment and related services, automation, software and integration solutions as well as Navis terminal operating systems, Bromma spreaders and Siwertell bulk handling systems. Hiab is a provider of on-road load handling equipment and services. Hiab provides products, services and spare parts that are used in on-road transport and delivery.
  • TickerCGCBV
  • ISINFI0009013429
  • ExchangeNasdaq Nordic Helsinki
  • SectorIndustrial Engineering
  • CountryFinland
Håkon Astrup ...
  • Jon Masdal
  • Martin Arnell
  • Martin Huseby Karlsen
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Tomi Railo

Cargotec (Buy, TP: EUR25.00) - Q2 to be hard hit

Ahead of the Q2 report, we have lowered our 2020–2022e clean EPS by c6% on average. The cut to our 2020e reported EPS is the largest reduction due to the announced EUR35m cost relating to the ownership change in the Chinese JV. We reiterate our BUY and EUR25 target price.

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Cargotec - Terminating coverage

ABGSC ceases coverage of Cargotec SELL is our final recommendation EUR 15 is our final target price

Tomi Railo

Cargotec (Buy, TP: EUR25.00) - Q2 to be hard hit

Ahead of the Q2 report, we have lowered our 2020–2022e clean EPS by c6% on average. The cut to our 2020e reported EPS is the largest reduction due to the announced EUR35m cost relating to the ownership change in the Chinese JV. We reiterate our BUY and EUR25 target price.

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Cargotec - Terminating coverage

ABGSC ceases coverage of Cargotec SELL is our final recommendation EUR 15 is our final target price

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner - June 2020

While China is approaching normality, Europe and North America will be grim in Q2, and the severity of the demand drop is less important than what companies can do to safeguard cash flow and the balance sheet. We advise sticking with companies with low funding risk and end-markets which are not permanently damaged. We continue to see relative attraction in mining equipment. Our key long ideas are: Sandvik, Volvo, Metso, Electrolux. We are cautious on: Cargotec, Konecranes, Wärtsilä.

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Cargotec - Restructuring its Asian footprint

Divests Chinese JV, books EUR 35m charge in Q2 Another step in its footprint optimisation… …but it remains a costly process

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner - May 2020

While China is approaching normality, Europe and North America will be grim in Q2, and the severity of the demand drop is less important than what companies can do to safeguard cash flow and the balance sheet. We advise sticking with companies with low funding risk – if things normalise there will be upside also in the more stable names. Our key long ideas are: Sandvik, Volvo, Metso, Electrolux We are cautious on: Cargotec, Konecranes, Wärtsilä

Håkon Astrup ...
  • Jon Masdal
  • Martin Arnell
  • Martin Huseby Karlsen
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Jesper Ingildsen
  • Jimi Lehtonen
  • Joachim Gunell
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Frank Maaø ...
  • Jørgen Lian
  • Martin Arnell
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Christer Magnergård ...
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Frank Maaø
  • Karl-Johan Bonnevier
  • Ole-Andreas Krohn
  • Paul Harper
  • Rune Majlund Dahl
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Thanks to a better fundamental star rating, CARGOTEC CORP. sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to CARGOTEC CORP. (FI), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date May 26, 2020, the closing price was EUR 20.00 and its expected value was estimated at EUR 19.34.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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