Horizon Global Corporation (HZN) Given Average Recommendation of “Hold” by Analysts
Horizon Global Corporation (NYSE:HZN) has been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $20.20.
HZN has been the topic of several research reports. Zacks Investment Research raised Horizon Global Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research report on Thursday, August 3rd. BMO Capital Markets upped their target price on Horizon Global Corporation from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded Horizon Global Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Roth Capital set a $22.00 target price on Horizon Global Corporation and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Bank of America Corporation downgraded Horizon Global Corporation from a “neutral” rating to an “underperform” rating in a research report on Tuesday, September 5th.
In other Horizon Global Corporation news, CEO A Mark Zeffiro sold 17,130 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $16.45, for a total transaction of $281,788.50. Following the sale, the chief executive officer now directly owns 238,284 shares of the company’s stock, valued at approximately $3,919,771.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.27% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in HZN. Nationwide Fund Advisors grew its position in Horizon Global Corporation by 253.2% during the 1st quarter. Nationwide Fund Advisors now owns 41,694 shares of the company’s stock worth $579,000 after purchasing an additional 29,889 shares during the period. Parametric Portfolio Associates LLC grew its position in Horizon Global Corporation by 16.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 79,281 shares of the company’s stock worth $1,100,000 after purchasing an additional 11,107 shares during the period. Envestnet Asset Management Inc. grew its position in Horizon Global Corporation by 381.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 30,500 shares of the company’s stock worth $423,000 after purchasing an additional 24,161 shares during the period. American International Group Inc. grew its position in Horizon Global Corporation by 25.7% during the 1st quarter. American International Group Inc. now owns 13,190 shares of the company’s stock worth $183,000 after purchasing an additional 2,700 shares during the period. Finally, Neuberger Berman Group LLC acquired a new stake in Horizon Global Corporation during the 1st quarter worth about $812,000. 94.02% of the stock is currently owned by institutional investors.
Shares of Horizon Global Corporation (HZN) traded up 1.54% during mid-day trading on Wednesday, hitting $17.10. The company had a trading volume of 145,011 shares. The company has a 50-day moving average price of $17.32 and a 200-day moving average price of $17.32. Horizon Global Corporation has a 1-year low of $11.80 and a 1-year high of $26.36. The company’s market capitalization is $426.41 million.
Horizon Global Corporation (NYSE:HZN) last released its earnings results on Tuesday, August 1st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.17. Horizon Global Corporation had a positive return on equity of 18.86% and a negative net margin of 1.45%. The firm had revenue of $253.60 million for the quarter, compared to the consensus estimate of $241.08 million. The firm’s revenue was up 51.1% on a year-over-year basis. On average, equities analysts anticipate that Horizon Global Corporation will post $1.09 EPS for the current year.
Horizon Global Corporation Company Profile
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.