Today, Horizon Global Corp. (HZN) Given Consensus Rating of “Buy” by Analysts

Today, Horizon Global Corp. (HZN) Given Consensus Rating of “Buy” by Analysts

Shares of Horizon Global Corp. (NYSE:HZN) have received an average rating of “Buy” from the six brokerages that are covering the firm. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $19.00.

A number of research firms have recently issued reports on HZN. Zacks Investment Research upgraded shares of Horizon Global Corp. from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a report on Wednesday, August 10th. TheStreet upgraded shares of Horizon Global Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 8th. Finally, CJS Securities initiated coverage on shares of Horizon Global Corp. in a report on Tuesday, September 20th. They set a “market outperform” rating and a $23.00 price target on the stock.

Shares of Horizon Global Corp. (NYSE:HZN) opened at 23.50 on Monday. The stock has a market cap of $491.10 million, a P/E ratio of 52.22 and a beta of 2.24. The company’s 50-day moving average is $21.54 and its 200 day moving average is $16.09. Horizon Global Corp. has a 1-year low of $8.06 and a 1-year high of $24.75.

Horizon Global Corp. (NYSE:HZN) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.03. Horizon Global Corp. had a net margin of 1.39% and a return on equity of 208.56%. The business had revenue of $151.72 million for the quarter, compared to analyst estimates of $154.49 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year. Equities research analysts anticipate that Horizon Global Corp. will post $1.10 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wilen Investment Management CORP. bought a new position in shares of Horizon Global Corp. during the second quarter worth approximately $139,000. Nationwide Fund Advisors increased its position in shares of Horizon Global Corp. by 5.7% in the second quarter. Nationwide Fund Advisors now owns 12,413 shares of the company’s stock worth $141,000 after buying an additional 672 shares during the last quarter. Sei Investments Co. increased its position 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 last quarter. Bank of Montreal Can increased its position in shares of Horizon Global Corp. by 1,835.1% in the third quarter. Bank of Montreal Can now owns 7,276 shares of the company’s stock worth $145,000 after buying an additional 6,900 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new position in shares of Horizon Global Corp. during the second quarter worth approximately $162,000. 73.95% of the stock is currently owned by hedge funds and other institutional investors.

Related posts

Leave a Comment