Horizon Global Corporation (NYSE:HZN) has been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $20.00.
HZN has been the topic of several research analyst reports. Zacks Investment Research downgraded Horizon Global Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub downgraded Horizon Global Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BMO Capital Markets boosted their price target on Horizon Global Corporation from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Roth Capital set a $22.00 price target on Horizon Global Corporation and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Bank of America Corporation downgraded Horizon Global Corporation from a “neutral” rating to an “underperform” rating in a research note on Tuesday, September 5th.
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Horizon Global Corporation (HZN) traded up $0.12 during trading on Friday, reaching $13.73. The company’s stock had a trading volume of 232,100 shares, compared to its average volume of 364,300. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The stock has a market cap of $339.41, a P/E ratio of 20.01, a PEG ratio of 1.15 and a beta of 1.79. Horizon Global Corporation has a twelve month low of $11.80 and a twelve month high of $26.36.
Horizon Global Corporation (NYSE:HZN) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $227.24 million. Horizon Global Corporation had a positive return on equity of 16.58% and a negative net margin of 0.56%. The company’s quarterly revenue was up 58.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. analysts expect that Horizon Global Corporation will post 1.08 EPS for the current fiscal year.
In other news, CEO A Mark Zeffiro sold 17,130 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $16.45, for a total value of $281,788.50. Following the completion of the transaction, the chief executive officer now owns 238,284 shares of the company’s stock, valued at approximately $3,919,771.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.27% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilen Investment Management CORP. raised its holdings in Horizon Global Corporation by 3.0% in the 2nd quarter. Wilen Investment Management CORP. now owns 12,440 shares of the company’s stock worth $174,000 after purchasing an additional 360 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Horizon Global Corporation by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 76,822 shares of the company’s stock worth $1,104,000 after purchasing an additional 418 shares during the period. PNC Financial Services Group Inc. raised its holdings in Horizon Global Corporation by 0.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 78,513 shares of the company’s stock worth $1,127,000 after purchasing an additional 621 shares during the period. Neuberger Berman Group LLC raised its holdings in Horizon Global Corporation by 1.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 59,308 shares of the company’s stock worth $852,000 after purchasing an additional 776 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in Horizon Global Corporation by 5.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 20,341 shares of the company’s stock worth $292,000 after purchasing an additional 973 shares during the period. 91.42% of the stock is owned by institutional investors.
Horizon Global Corporation Company Profile
Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.
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