Horizon Global Corp. (HZN) Trading 4.6% Higher
Horizon Global Corp. (NYSE:HZN)’s share price traded up 4.6% on Monday . The stock traded as high as $11.70 and last traded at $11.68, with a volume of 61,844 shares trading hands. The stock had previously closed at $11.17.
Several equities analysts recently weighed in on the company. Zacks Investment Research raised Horizon Global Corp. from a “sell” rating to a “hold” rating and set a $13.00 price objective for the company in a research note on Tuesday, May 3rd. Seaport Global Securities raised Horizon Global Corp. from a “speculative buy” rating to a “buy” rating in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Horizon Global Corp. has a consensus rating of “Buy” and a consensus target price of $13.20.
The company has a market capitalization of $212.07 million and a P/E ratio of 23.41. The firm has a 50-day moving average of $11.55 and a 200-day moving average of $10.94.
Horizon Global Corp. (NYSE:HZN) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.07. On average, analysts forecast that Horizon Global Corp. will post $0.94 EPS for the current fiscal year.
An institutional investor recently raised its position in Horizon Global Corp. stock. Oxford Asset Management increased its position in Horizon Global Corp. (NYSE:HZN) by 188.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,686 shares of the company’s stock after buying an additional 160,592 shares during the period. Oxford Asset Management owned approximately 1.36% of Horizon Global Corp. worth $2,540,000 as of its most recent SEC filing.
Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailer and cargo management products, and other accessories. The Company operates through two segments: Cequent Americas, which focuses on the North and South American markets, and Cequent APEA, which focuses on its sales and manufacturing in the Asia Pacific, Europe and Africa regions of the world.
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