Horizon Global Corp (HZN) Given Average Rating of “Hold” by Analysts
Horizon Global Corp (NYSE:HZN) has received an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.79.
Several research firms have commented on HZN. Zacks Investment Research raised shares of Horizon Global from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Wednesday, October 10th. Roth Capital upgraded shares of Horizon Global from a “neutral” rating to a “buy” rating and raised their price target for the stock from $6.00 to $13.00 in a research note on Wednesday, August 8th. Finally, ValuEngine upgraded shares of Horizon Global from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd.
Shares of Horizon Global stock traded up $0.40 during mid-day trading on Friday, hitting $6.45. 284,466 shares of the stock were exchanged, compared to its average volume of 156,259. Horizon Global has a 12 month low of $5.13 and a 12 month high of $17.73. The company has a quick ratio of 0.80, a current ratio of 1.59 and a debt-to-equity ratio of 20.60. The stock has a market cap of $161.87 million, a P/E ratio of 6.58, a P/E/G ratio of 13.47 and a beta of 0.92.
Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its holdings in Horizon Global by 4.6% in the 1st quarter. Russell Investments Group Ltd. now owns 320,514 shares of the company’s stock valued at $2,641,000 after purchasing an additional 14,173 shares during the period. Bank of America Corp DE lifted its stake in Horizon Global by 14.8% in the second quarter. Bank of America Corp DE now owns 130,334 shares of the company’s stock worth $777,000 after purchasing an additional 16,836 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Horizon Global by 20.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 115,995 shares of the company’s stock worth $956,000 after purchasing an additional 19,827 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in Horizon Global by 168.1% in the first quarter. Dynamic Technology Lab Private Ltd now owns 46,322 shares of the company’s stock worth $382,000 after purchasing an additional 29,042 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its stake in Horizon Global by 64.5% in the second quarter. Segall Bryant & Hamill LLC now owns 82,851 shares of the company’s stock worth $494,000 after purchasing an additional 32,487 shares during the last quarter. Institutional investors and hedge funds own 73.47% of the company’s stock.
Horizon Global Company Profile
Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products to the automotive aftermarket, retail, and original equipment channels worldwide. It operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.
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