Horizon Global Corp. (HZN) Hits New 1-Year High at $15.79
Horizon Global Corp. (NYSE:HZN) reached a new 52-week high on Monday . The company traded as high as $15.79 and last traded at $15.67, with a volume of 101,618 shares traded. The stock had previously closed at $15.35.
HZN has been the subject of a number of research reports. Zacks Investment Research raised Horizon Global Corp. from a “sell” rating to a “hold” rating and set a $13.00 target price for the company in a report on Tuesday, May 3rd. Seaport Global Securities raised Horizon Global Corp. from a “speculative buy” rating to a “buy” rating in a report on Wednesday, May 4th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Horizon Global Corp. has a consensus rating of “Buy” and a consensus price target of $14.00.
The company has a 50-day moving average price of $12.46 and a 200 day moving average price of $11.51. The company has a market cap of $281.69 million and a P/E ratio of 19.88.
Horizon Global Corp. (NYSE:HZN) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.25. The company had revenue of $167.76 million for the quarter, compared to the consensus estimate of $166.54 million. On average, equities analysts expect that Horizon Global Corp. will post $1.09 EPS for the current fiscal year.
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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