Horizon Global (NYSE:HZN) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Several other research firms have also recently commented on HZN. Zacks Investment Research upgraded Horizon Global from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research report on Thursday, August 3rd. BMO Capital Markets restated a “buy” rating and set a $20.00 target price on shares of Horizon Global in a research report on Friday, October 13th. Finally, Bank of America cut Horizon Global from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 5th. Three research 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 presently has a consensus rating of “Hold” and an average target price of $19.83.
Shares of Horizon Global (NYSE:HZN) traded down $0.24 during midday trading on Friday, hitting $13.86. The stock had a trading volume of 101,057 shares, compared to its average volume of 183,630. The stock has a market capitalization of $345.64, a PE ratio of 20.38, a PEG ratio of 1.17 and a beta of 1.65. Horizon Global has a one year low of $11.80 and a one year high of $26.36. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 1.62.
In other news, CEO A Mark Zeffiro sold 17,130 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was 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 directly owns 238,284 shares in the company, valued at approximately $3,919,771.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.27% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Wilen Investment Management CORP. lifted its stake in shares of Horizon Global by 3.0% in the 2nd quarter. Wilen Investment Management CORP. now owns 12,440 shares of the company’s stock valued at $174,000 after acquiring an additional 360 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Horizon Global by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 76,822 shares of the company’s stock valued at $1,104,000 after acquiring an additional 418 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Horizon Global by 0.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 78,513 shares of the company’s stock valued at $1,127,000 after acquiring an additional 621 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Horizon Global by 1.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 59,308 shares of the company’s stock valued at $852,000 after acquiring an additional 776 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Horizon Global by 5.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 20,341 shares of the company’s stock valued at $292,000 after acquiring an additional 973 shares during the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Horizon Global (HZN) Lifted to “Buy” at ValuEngine” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/12/03/horizon-global-hzn-lifted-to-buy-at-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Horizon Global Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Global Corp and related companies with MarketBeat.com's FREE daily email newsletter.