Horizon Global Corp. (HZN) Reaches New 1-Year High at $17.07
Horizon Global Corp. (NYSE:HZN) reached a new 52-week high during trading on Thursday . The company traded as high as $17.07 and last traded at $16.87, with a volume of 363,837 shares. The stock had previously closed at $15.48.
HZN has been the topic of a number of research reports. Zacks Investment Research upgraded Horizon Global Corp. from a “sell” rating to a “hold” rating and set a $13.00 price objective on the stock in a research note on Tuesday, May 3rd. Seaport Global Securities upgraded Horizon Global Corp. from a “speculative buy” rating to a “buy” rating in a research note on Wednesday, May 4th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Horizon Global Corp. currently has a consensus rating of “Buy” and an average target price of $14.00.
The stock’s 50 day moving average price is $13.74 and its 200 day moving average price is $11.99. The stock has a market cap of $324.38 million and a price-to-earnings ratio of 22.86.
Horizon Global Corp. (NYSE:HZN) last released its earnings results on Tuesday, August 9th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.25. The company earned $167.76 million during the quarter, compared to analysts’ expectations of $166.54 million. On average, equities analysts anticipate that Horizon Global Corp. will post $1.09 earnings per share for the current fiscal 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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