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

Analysts

Christer Magnergård ...
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Tomi Railo

Cargotec (Buy, TP: EUR43.00) - Q2 orders weak, profits close

We have cut our 2019–2021e clean EPS by an average of 6% and our target price to EUR43 (EUR46). The Q2 report overall was mixed. Orders for MacGregor (MG) and Kalmar fell short of our estimates, but profits for Kalmar and Hiab exceeded our forecasts. MG’s profit missed, partly due to cost overruns. Management reiterated its 2019 guidance, as we expected. We reiterate our BUY recommendation.

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Håkon Astrup
  • Jon Berggren
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Stefan Gauffin
  • Tomi Railo

Weak report across the board

Tomi Railo

Cargotec (Buy, TP: EUR43.00) - Q2 orders weak, profits close

We have cut our 2019–2021e clean EPS by an average of 6% and our target price to EUR43 (EUR46). The Q2 report overall was mixed. Orders for MacGregor (MG) and Kalmar fell short of our estimates, but profits for Kalmar and Hiab exceeded our forecasts. MG’s profit missed, partly due to cost overruns. Management reiterated its 2019 guidance, as we expected. We reiterate our BUY recommendation.

Tomi Railo

Cargotec Minor model adjustments

We have updated our estimates, owing to slightly lower than expected values of pre-announced orders for Q2, the delayed TTS deal approval, and soft vessel contracting. We do not consider these changes to be material, and we have not changed our BUY recommendation. We reiterate our EUR46 target price.

CARGOTEC CORP - Finnish sector favourite

Tomi Railo

Cargotec (Buy, TP: EUR46.00) - Picture remains positive

Picture remains positive We have made very small estimate changes post Q1. Orders and profits were close to our estimates and we see no reason to alter our positive view. We reiterate our BUY and EUR46 target price.

Tomi Railo

Cargotec (Buy, TP: EUR46.00) - All eyes on order intake

We will focus on order intake in the Q1 report (due on 25 April at 14:00 EET) and expect growth across the board here, with the strongest performance likely to be in MacGregor, followed by Kalmar. Our order intake estimate is above consensus (Vara), while our clean EBIT estimate of EUR61m is close to consensus of EUR60m. We reiterate our BUY recommendation and EUR46 target price.

1 director bought

A director at Cargotec Corporation bought 24,770 shares at 32.223EUR and the significance rating of the trade was 77/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names ...

Christer Magnergård ...
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Håkon Astrup
  • Jon Berggren
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Stefan Gauffin
  • Tomi Railo

Weak report across the board

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Jimi Lehtonen
  • Jon Berggren
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Jesper Ingildsen ...
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Joachim Gunell
  • Mattias Holmberg
  • Nicolas McBeath
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

CARGOTEC CORPORATION sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of CARGOTEC CORPORATION (FI), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date May 10, 2019, the closing price was EUR 33.70 and its target price was estimated at EUR 28.56.

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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