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.

Horizon Global (NYSE:HZN) last posted its earnings results on Tuesday, August 7th. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.15. Horizon Global had a negative net margin of 15.61% and a positive return on equity of 8.57%. The firm had revenue of $233.34 million for the quarter, compared to analysts’ expectations of $232.85 million. On average, equities analysts anticipate that Horizon Global will post 0.18 EPS for the current year.

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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Analyst Recommendations for Horizon Global (NYSE:HZN)

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