Cargotec traded at 49.48 this Friday April 24th, increasing 4.16 or 9.18 percent since the previous trading session. Looking back, over the last four weeks, Cargotec gained 18.37 percent. Over the last 12 months, its price rose by 27.39 percent. Looking ahead, we forecast Cargotec to be priced at 45.24 by the end of this quarter and at 42.08 in one year, according to Trading Economics global macro models projections and analysts expectations.
Cargotec Oyj is a Finland-based company engaged in the provision of cargo and load handling solutions and services. It operates in three business segments: MacGregor, Kalmar and Hiab. The MacGregor segment delivers marine cargo flow solutions used in general cargo, bulk, container and Roll-on/roll-off (RoRo) vessels, tankers, bulk terminals and offshore industry. The Kalmar segment's container and heavy load handling equipment and services are used in terminals, ports, heavy industry, and distribution centers. The Hiab segment delivers on-road load handling solutions, which are used for moving, lifting, loading and unloading products, goods or raw material from vehicles. The Company is active in three main service regions, namely Europe, Middle East and Africa (EMEA), Asia-Pacific and the Americas. In January 2014, the Company's MacGregor business acquired the mooring and loading systems unit from Aker Solutions; and in March 2014, it acquired Deep Water Solutions AS.