Horizon Global Corp. (HZN) Sees Strong Trading Volume
Horizon Global Corp. (NYSE:HZN) shares saw strong trading volume on Monday . 163,628 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 159,746 shares.The stock last traded at $17.96 and had previously closed at $17.83.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Horizon Global Corp. from a “sell” rating to a “hold” rating and set a $13.00 price target for the company in a research note on Tuesday, May 3rd. Seaport Global Securities upgraded shares of Horizon Global Corp. from a “speculative buy” rating to a “buy” rating in a research note on Wednesday, May 4th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.00.
The stock has a market capitalization of $325.65 million and a price-to-earnings ratio of 22.95. The stock has a 50 day moving average of $13.93 and a 200-day moving average of $12.11.
Horizon Global Corp. (NYSE:HZN) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.25. The firm had revenue of $167.76 million for the quarter, compared to analysts’ expectations of $166.54 million. Equities analysts anticipate that Horizon Global Corp. will post $1.08 earnings per share 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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