Media stories about Horizon Global (NYSE:HZN) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Horizon Global earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.9928557226848 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Horizon Global (NYSE:HZN) traded down $0.08 during trading hours on Wednesday, reaching $9.77. The company had a trading volume of 68,669 shares, compared to its average volume of 488,891. Horizon Global has a one year low of $7.69 and a one year high of $19.26. The stock has a market cap of $244.27, a price-to-earnings ratio of -51.42, a PEG ratio of 1.16 and a beta of 0.76. The company has a quick ratio of 0.63, a current ratio of 1.46 and a debt-to-equity ratio of 1.84.

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Horizon Global (NYSE:HZN) last announced its quarterly earnings data on Thursday, March 1st. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.03. The company had revenue of $196.00 million for the quarter, compared to the consensus estimate of $194.59 million. Horizon Global had a positive return on equity of 17.35% and a negative net margin of 0.40%. Horizon Global’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.37) EPS. analysts anticipate that Horizon Global will post 1.05 earnings per share for the current fiscal year.

Several research firms recently weighed in on HZN. Seaport Global Securities restated a “hold” rating and set a $10.00 price target on shares of Horizon Global in a report on Thursday, January 25th. Zacks Investment Research lowered Horizon Global from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. ValuEngine upgraded Horizon Global from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. Bank of America upgraded Horizon Global from an “underperform” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, February 7th. Finally, TheStreet lowered Horizon Global from a “c-” rating to a “d” rating in a report on Monday, February 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $17.67.

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About Horizon Global

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.

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