Somewhat Favorable News Coverage Somewhat Unlikely to Affect Horizon Global Corporation (HZN) Share Price
News stories about Horizon Global Corporation (NYSE:HZN) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Horizon Global Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.169774193326 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- ETFs with exposure to Horizon Global Corp. : November 15, 2017 (finance.yahoo.com)
- Estimating The Fair Value Of Horizon Global Corporation (HZN) (finance.yahoo.com)
- Horizon Global Appoints Jay Goldbaum as General Counsel (finance.yahoo.com)
- Horizon Global Corporation (HZN) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
A number of brokerages recently weighed in on HZN. Zacks Investment Research upgraded shares of Horizon Global Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Thursday, August 3rd. BMO Capital Markets raised their target price on shares of Horizon Global Corporation from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. BidaskClub cut shares of Horizon Global Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Roth Capital set a $22.00 target price on shares of Horizon Global Corporation and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, Bank of America Corporation cut shares of Horizon Global Corporation from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.83.
Shares of Horizon Global Corporation (NYSE:HZN) opened at $13.89 on Friday. The firm has a market cap of $360.13 and a P/E ratio of 20.19. Horizon Global Corporation has a 1-year low of $11.80 and a 1-year high of $26.36. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.
Horizon Global Corporation (NYSE:HZN) last issued its earnings results on Tuesday, October 31st. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. Horizon Global Corporation had a negative net margin of 0.56% and a positive return on equity of 16.58%. The firm had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $227.24 million. During the same period last year, the firm posted $0.30 earnings per share. The firm’s revenue for the quarter was up 58.3% compared to the same quarter last year. equities research analysts predict that Horizon Global Corporation will post 1.08 EPS for the current fiscal year.
In related news, CEO A Mark Zeffiro sold 17,130 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $16.45, for a total value of $281,788.50. Following the completion of the transaction, the chief executive officer now owns 238,284 shares of the company’s stock, valued at approximately $3,919,771.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.27% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable News Coverage Somewhat Unlikely to Affect Horizon Global Corporation (HZN) Share Price” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2017/11/19/somewhat-favorable-news-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.