CJS Securities started coverage on shares of Horizon Global Corp. (NYSE:HZN) in a research note released on Tuesday morning. The firm issued a market outperform rating on the stock.

A number of other brokerages have also issued reports on HZN. TheStreet raised shares of Horizon Global Corp. from a sell rating to a hold rating in a research note on Thursday, September 8th. Zacks Investment Research raised shares of Horizon Global Corp. from a hold rating to a strong-buy rating and set a $17.00 price objective for the company in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $14.00.

Shares of Horizon Global Corp. (NYSE:HZN) opened at 18.08 on Tuesday. The stock has a 50 day moving average of $16.51 and a 200-day moving average of $13.09. The company has a market capitalization of $328.93 million, a price-to-earnings ratio of 23.18 and a beta of 2.27. Horizon Global Corp. has a 52 week low of $8.04 and a 52 week high of $19.45.

Horizon Global Corp. (NYSE:HZN) last issued its earnings results on Tuesday, August 9th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ 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. Horizon Global Corp. had a net margin of 2.40% and a return on equity of 360.31%. On average, analysts anticipate that Horizon Global Corp. will post $1.08 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in Horizon Global Corp. by 5.9% in the second quarter. Royal Bank of Canada now owns 838,609 shares of the company’s stock valued at $9,518,000 after buying an additional 46,853 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Horizon Global Corp. by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,488 shares of the company’s stock valued at $653,000 after buying an additional 882 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in Horizon Global Corp. during the second quarter valued at approximately $162,000. Numeric Investors LLC raised its stake in Horizon Global Corp. by 17.4% in the second quarter. Numeric Investors LLC now owns 16,230 shares of the company’s stock valued at $184,000 after buying an additional 2,400 shares during the last quarter. Finally, Bridgeway Capital Management Inc. raised its stake in Horizon Global Corp. by 178.4% in the second quarter. Bridgeway Capital Management Inc. now owns 139,200 shares of the company’s stock valued at $1,580,000 after buying an additional 89,200 shares during the last quarter. 88.31% of the stock is owned by institutional investors and hedge funds.

Horizon Global Corp. Company Profile

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.

5 Day Chart for NYSE:HZN

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