Horizon Global Corp (HZN) Receives Consensus Recommendation of “Hold” from Analysts
Horizon Global Corp (NYSE:HZN) has been given a consensus rating of “Hold” by the nine brokerages that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $20.00.
A number of equities research analysts have recently weighed in on HZN shares. Zacks Investment Research downgraded Horizon Global Corp from a “hold” rating to a “sell” rating in a research report on Thursday, February 2nd. Wells Fargo & Co started coverage on Horizon Global Corp in a research report on Tuesday, February 21st. They set a “market perform” rating for the company. Roth Capital set a $23.00 target price on Horizon Global Corp and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Seaport Global Securities downgraded Horizon Global Corp from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research report on Monday, March 13th. Finally, Barrington Research dropped their target price on Horizon Global Corp to $22.00 and set an “outperform” rating for the company in a research report on Monday, March 13th.
Horizon Global Corp (NYSE:HZN) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.26. Horizon Global Corp had a net margin of 1.39% and a return on equity of 208.56%. The business had revenue of $203.28 million during the quarter, compared to the consensus estimate of $204.90 million.
In related news, CEO A Mark Zeffiro acquired 10,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was acquired at an average cost of $13.57 per share, with a total value of $146,556.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott G. Kunselman acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were bought at an average cost of $13.97 per share, with a total value of $27,940.00. Following the completion of the purchase, the director now owns 11,160 shares of the company’s stock, valued at $155,905.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 18,900 shares of company stock valued at $261,649. 0.73% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in HZN. Sei Investments Co. boosted its stake in shares of Horizon Global Corp by 109.2% in the third quarter. Sei Investments Co. now owns 7,156 shares of the company’s stock worth $143,000 after buying an additional 3,735 shares during the period. Capital Fund Management S.A. acquired a new position in Horizon Global Corp during the first quarter worth about $149,000. Envestnet Asset Management Inc. acquired a new position in Horizon Global Corp during the fourth quarter worth about $153,000. Suntrust Banks Inc. acquired a new position in Horizon Global Corp during the first quarter worth about $167,000. Finally, American International Group Inc. boosted its position in Horizon Global Corp by 25.7% in the first quarter. American International Group Inc. now owns 13,190 shares of the company’s stock worth $183,000 after buying an additional 2,700 shares during the last quarter. 63.97% of the stock is owned by institutional investors and hedge funds.
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Horizon Global Corp 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.
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