Horizon Global Corporation (NYSE:HZN)‘s stock had its “buy” rating reissued by BMO Capital Markets in a research note issued on Thursday, July 13th. They currently have a $18.00 target price on the stock. BMO Capital Markets’ price objective indicates a potential upside of 0.95% from the company’s previous close.

Several other equities research analysts have also commented on HZN. Zacks Investment Research upgraded Horizon Global Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, July 12th. TheStreet upgraded Horizon Global Corporation from a “d” rating to a “c-” rating in a research report on Friday, May 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.29.

Shares of Horizon Global Corporation (NYSE HZN) opened at 17.83 on Thursday. Horizon Global Corporation has a 12 month low of $11.80 and a 12 month high of $26.36. The stock’s 50 day moving average price is $14.28 and its 200 day moving average price is $15.46. The stock’s market capitalization is $444.61 million.

Horizon Global Corporation (NYSE:HZN) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.17. Horizon Global Corporation had a positive return on equity of 18.86% and a negative net margin of 1.45%. The company had revenue of $253.60 million during the quarter, compared to analyst estimates of $241.08 million. Horizon Global Corporation’s revenue for the quarter was up 51.1% on a year-over-year basis. Analysts expect that Horizon Global Corporation will post $1.02 EPS for the current year.

Horizon Global Corporation announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 3rd that authorizes the company to repurchase 1,500,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “Horizon Global Corporation (HZN) Rating Reiterated by BMO Capital Markets” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/08/08/horizon-global-corporation-hzn-rating-reiterated-by-bmo-capital-markets-updated-updated-updated.html.

Several hedge funds have recently made changes to their positions in HZN. Renaissance Technologies LLC boosted its stake in shares of Horizon Global Corporation by 31.6% in the fourth quarter. Renaissance Technologies LLC now owns 517,100 shares of the company’s stock valued at $12,410,000 after buying an additional 124,200 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Horizon Global Corporation during the first quarter valued at about $280,000. Icon Advisers Inc. Co. bought a new stake in shares of Horizon Global Corporation during the first quarter valued at about $511,000. Suntrust Banks Inc. bought a new stake in shares of Horizon Global Corporation during the first quarter valued at about $167,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Horizon Global Corporation during the first quarter valued at about $812,000. Institutional investors and hedge funds own 92.34% of the company’s stock.

About Horizon Global Corporation

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.

Analyst Recommendations for Horizon Global Corporation (NYSE:HZN)

Receive News & Stock Ratings for Horizon Global Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Global Corporation and related stocks with our FREE daily email newsletter.