Shares of Horizon Global Corporation (NYSE:HZN) have received a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $20.00.
Several research firms have commented on HZN. Wells Fargo & Company initiated coverage on shares of Horizon Global Corporation in a research report on Tuesday, February 21st. They issued a “market perform” rating for the company. Zacks Investment Research raised shares of Horizon Global Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, March 2nd. Roth Capital set a $23.00 price target on shares of Horizon Global Corporation and gave the stock a “buy” rating in a research note on Wednesday, March 8th. Seaport Global Securities lowered shares of Horizon Global Corporation from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research note on Monday, March 13th. Finally, Barrington Research reduced their price target on shares of Horizon Global Corporation to $22.00 and set an “outperform” rating for the company in a research note on Monday, March 13th.
In other Horizon Global Corporation news, Director Scott G. Kunselman bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was acquired at an average cost of $13.97 per share, with a total value of $27,940.00. Following the completion of the purchase, the director now directly owns 11,160 shares in the company, valued at $155,905.20. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.27% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of HZN. Capital Fund Management S.A. purchased a new stake in shares of Horizon Global Corporation during the first quarter valued at approximately $149,000. Envestnet Asset Management Inc. purchased a new stake in shares of Horizon Global Corporation during the fourth quarter valued at approximately $153,000. Suntrust Banks Inc. purchased a new stake in shares of Horizon Global Corporation during the first quarter valued at approximately $167,000. American International Group Inc. increased its stake in shares of Horizon Global Corporation by 25.7% in the first quarter. American International Group Inc. now owns 13,190 shares of the company’s stock valued at $183,000 after buying an additional 2,700 shares during the period. Finally, Pitcairn Co. purchased a new stake in shares of Horizon Global Corporation during the fourth quarter valued at approximately $213,000. Institutional investors and hedge funds own 88.28% of the company’s stock.
Shares of Horizon Global Corporation (HZN) traded down 2.36% during midday trading on Tuesday, reaching $14.49. 311,906 shares of the company were exchanged. The company’s 50-day moving average price is $14.72 and its 200 day moving average price is $17.71. The stock’s market capitalization is $370.67 million. Horizon Global Corporation has a 52-week low of $10.60 and a 52-week high of $26.36.
Horizon Global Corporation (NYSE:HZN) last posted its earnings results on Wednesday, May 3rd. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.09 by $0.26. Horizon Global Corporation had a positive return on equity of 11.48% and a negative net margin of 3.46%. The firm had revenue of $203.28 million during the quarter, compared to the consensus estimate of $204.90 million. On average, equities analysts predict that Horizon Global Corporation will post $0.98 earnings per share for the current year.
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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