Horizon Global Corp. (HZN) Sees Strong Trading Volume
Horizon Global Corp. (NYSE:HZN) shares saw an uptick in trading volume on Tuesday . 91,713 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 87,965 shares.The stock last traded at $15.59 and had previously closed at $15.32.
A number of research firms have issued reports on HZN. Zacks Investment Research raised Horizon Global Corp. from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a research note on Wednesday, August 10th. Seaport Global Securities raised Horizon Global Corp. from a “speculative buy” rating to a “buy” rating in a research note on Wednesday, May 4th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Horizon Global Corp. currently has a consensus rating of “Buy” and an average price target of $14.00.
The company’s 50 day moving average price is $13.25 and its 200 day moving average price is $11.86. The stock has a market cap of $283.26 million and a P/E ratio of 19.96.
Horizon Global Corp. (NYSE:HZN) last issued its earnings results on Tuesday, August 9th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.25. The firm earned $167.76 million during the quarter, compared to analyst estimates of $166.54 million. Equities research analysts anticipate that Horizon Global Corp. will post $1.09 EPS for the current year.
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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