Somewhat Positive Media Coverage Somewhat Unlikely to Affect Horizon Global Corporation (HZN) Share Price
Press coverage about Horizon Global Corporation (NYSE:HZN) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Horizon Global Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.4461875158531 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Horizon Global Corporation’s (NYSE:HZN) “Buy” Rating Reaffirmed at BMO Capital Markets (lazeresportes.com)
- Skylands Capital LLC Cuts Stake in Horizon Global Corporation (NYSE:HZN) (campdesrecrues.com)
- Skylands Capital LLC Reduces Position in Horizon Global Corporation (HZN) (overnewsmagazine.com)
- Horizon Global Corporation (NYSE:HZN) versus Lear Corporation (LEA) Head-To-Head Survey (americanbankingnews.com)
- Horizon Global Corporation (NYSE:HZN) Reviewed By Analysts (lazeresportes.com)
HZN has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Horizon Global Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. TheStreet upgraded shares of Horizon Global Corporation from a “d” rating to a “c-” rating in a research note on Friday, May 26th. BMO Capital Markets restated a “buy” rating and set a $18.00 price objective on shares of Horizon Global Corporation in a research note on Thursday, July 13th. Roth Capital set a $22.00 price objective on shares of Horizon Global Corporation and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered shares of Horizon Global Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $20.29.
Horizon Global Corporation (NYSE HZN) traded up 0.33% during mid-day trading on Friday, reaching $17.99. 307,557 shares of the company’s stock were exchanged. Horizon Global Corporation has a one year low of $11.80 and a one year high of $26.36. The company’s 50-day moving average is $15.13 and its 200 day moving average is $15.40. The firm’s market capitalization is $448.60 million.
Horizon Global Corporation (NYSE:HZN) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.17. Horizon Global Corporation had a negative net margin of 1.45% and a positive return on equity of 18.86%. The firm had revenue of $253.60 million for the quarter, compared to the consensus estimate of $241.08 million. The business’s revenue for the quarter was up 51.1% on a year-over-year basis. Equities analysts predict that Horizon Global Corporation will post $1.09 earnings per share for the current fiscal year.
Horizon Global Corporation declared that its board has initiated a stock buyback plan on Wednesday, May 3rd that authorizes the company to buyback 1,500,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
ILLEGAL ACTIVITY WARNING: “Somewhat Positive Media Coverage Somewhat Unlikely to Affect Horizon Global Corporation (HZN) Share Price” was originally published by Daily Political and is the property of of Daily Political. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.dailypolitical.com/2017/08/13/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-horizon-global-corporation-hzn-share-price.html.
About Horizon Global Corporation
Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.
Receive News & Ratings for Horizon Global Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Global Corporation and related companies with MarketBeat.com's FREE daily email newsletter.