Horizon Global Corp (HZN) Receives Average Recommendation of “Hold” from Brokerages
Horizon Global Corp (NYSE:HZN) has received an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $20.00.
HZN has been the subject of a number of recent analyst reports. BMO Capital Markets restated a “buy” rating and set a $20.00 target price on shares of Horizon Global in a report on Friday, October 13th. ValuEngine upgraded Horizon Global from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded Horizon Global from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Finally, Bank of America downgraded Horizon Global from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 5th.
In other Horizon Global news, CEO A Mark Zeffiro sold 17,130 shares of the stock in a transaction on 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 owns 238,284 shares in the company, valued at $3,919,771.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.27% of the stock is currently owned by corporate insiders.
Shares of Horizon Global (HZN) traded down $0.19 during trading on Thursday, hitting $13.63. The company had a trading volume of 92,100 shares, compared to its average volume of 350,770. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 1.62. The company has a market capitalization of $344.64, a P/E ratio of 20.32, a PEG ratio of 1.17 and a beta of 1.63. Horizon Global has a one year low of $11.80 and a one year high of $26.36.
Horizon Global (NYSE:HZN) last announced its earnings results on Tuesday, October 31st. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $227.24 million. Horizon Global had a positive return on equity of 16.58% and a negative net margin of 0.56%. The firm’s revenue for the quarter was up 58.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 earnings per share. equities analysts predict that Horizon Global will post 1.08 EPS for the current year.
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Horizon Global 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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