Somewhat Positive Media Coverage Somewhat Unlikely to Impact Horizon Global (HZN) Stock Price

Media headlines about Horizon Global (NYSE:HZN) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Horizon Global earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.3579561996804 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

A number of equities research analysts have weighed in on HZN shares. Zacks Investment Research upgraded Horizon Global from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. Seaport Global Securities restated a “hold” rating and set a $10.00 price objective on shares of Horizon Global in a research note on Thursday, January 25th. Barrington Research reiterated an “outperform” rating and issued a $23.00 target price on shares of Horizon Global in a research report on Tuesday, December 19th. Roth Capital set a $24.00 target price on Horizon Global and gave the stock a “buy” rating in a research report on Saturday, December 16th. Finally, ValuEngine upgraded Horizon Global from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.67.

Shares of Horizon Global (NYSE:HZN) traded up $0.14 on Friday, hitting $8.32. The stock had a trading volume of 391,642 shares, compared to its average volume of 802,582. The firm has a market cap of $203.99, a price-to-earnings ratio of -19.81, a price-to-earnings-growth ratio of 0.75 and a beta of 0.78. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. Horizon Global has a one year low of $7.69 and a one year high of $19.43.

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About Horizon Global

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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