Horizon Global (HZN) Given Daily Media Impact Score of 0.16
News stories about Horizon Global (NYSE:HZN) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Horizon Global earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.1754076293845 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several brokerages recently issued reports on HZN. Bank of America cut shares of Horizon Global from a “neutral” rating to an “underperform” rating in a research report on Tuesday, September 5th. ValuEngine upgraded shares of Horizon Global from a “hold” rating to a “buy” rating in a research report on Friday. BMO Capital Markets reiterated a “buy” rating and set a $20.00 price target on shares of Horizon Global in a research report on Friday, October 13th. Finally, Zacks Investment Research cut shares of Horizon Global from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $19.83.
Shares of Horizon Global (HZN) opened at $13.86 on Monday. Horizon Global has a 52 week low of $11.80 and a 52 week high of $26.36. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 1.62. The company has a market cap of $345.64, a PE ratio of 20.38, a P/E/G ratio of 1.17 and a beta of 1.63.
In related news, CEO A Mark Zeffiro sold 27,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $16.38, for a total transaction of $442,260.00. Following the transaction, the chief executive officer now owns 238,284 shares in the company, valued at $3,903,091.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.27% of the company’s stock.
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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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