In a report issued on January 21, Johan Eliason from Kepler Capital maintained a Buy rating on Cargotec (CYJBF – Research Report), with a price target of EUR61.00. The company’s shares closed last Monday at $50.59, close to its 52-week low of $49.85.
According to TipRanks.com, Eliason is a 4-star analyst with an average return of 5.2% and a 51.1% success rate. Eliason covers the Industrial Goods sector, focusing on stocks such as Siemens Energy, Siemens AG, and Sulzer AG.
Currently, the analyst consensus on Cargotec is a Strong Buy with an average price target of $62.11, representing a 23.3% upside. In a report issued on January 19, UBS also maintained a Buy rating on the stock with a EUR54.00 price target.
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Cargotec’s market cap is currently $3.23B and has a P/E ratio of 10.52.
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Cargotec Oyj provides cargo and load handling solutions. Its product portfolio consists of a wide range of handling equipment and solutions, including services for terminals and distribution centers, spare parts for on-road delivery, and systems for handling marine cargo. Mobile equipment mixed with automation and energy-efficient offerings helps customers integrate different handling processes. Cargotec operates three business segments: Kalmar, Hiab, and MacGregor. The majority of sales derive from distributing products, but a global network offers services and components. Customers range from small businesses to large national organizations. The company has established customer relationships in Europe/Middle East/Africa, Asia-Pacific, and the Americas.
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