Horizon Global Corp. (HZN) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Horizon Global Corp. (NYSE:HZN) have earned an average recommendation of “Buy” from the six research firms that are presently covering the firm. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $20.33.
A number of equities analysts have issued reports on HZN shares. Zacks Investment Research cut shares of Horizon Global Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 11th. CJS Securities started coverage on shares of Horizon Global Corp. in a research note on Tuesday, September 20th. They issued a “market outperform” rating and a $23.00 price objective on the stock. Finally, TheStreet raised shares of Horizon Global Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 8th.
A number of large investors have recently bought and sold shares of the company. Wilen Investment Management CORP. purchased a new stake in Horizon Global Corp. during the second quarter valued at $139,000. Nationwide Fund Advisors raised its stake in shares of Horizon Global Corp. by 5.7% in the second quarter. Nationwide Fund Advisors now owns 12,413 shares of the company’s stock worth $141,000 after buying an additional 672 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in shares of Horizon Global Corp. during the second quarter worth approximately $162,000. Numeric Investors LLC raised its stake in shares of Horizon Global Corp. by 17.4% in the second quarter. Numeric Investors LLC now owns 16,230 shares of the company’s stock worth $184,000 after buying an additional 2,400 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Horizon Global Corp. during the second quarter worth approximately $205,000. Institutional investors own 88.32% of the company’s stock.
Horizon Global Corp. (NYSE:HZN) traded down 0.93% during trading on Monday, hitting $20.21. 84,083 shares of the stock traded hands. The company’s 50 day moving average is $19.25 and its 200 day moving average is $14.16. Horizon Global Corp. has a one year low of $8.04 and a one year high of $22.12. The company has a market capitalization of $367.68 million, a P/E ratio of 25.91 and a beta of 2.24.
Horizon Global Corp. (NYSE:HZN) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.25. Horizon Global Corp. had a net margin of 2.40% and a return on equity of 360.31%. The firm had revenue of $167.76 million for the quarter, compared to analysts’ expectations of $166.54 million. On average, equities analysts forecast that Horizon Global Corp. will post $1.09 EPS for the current fiscal year.
Horizon Global Corp. Company Profile
Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other related accessory products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through two segments: Cequent Americas and Cequent APEA.
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