According to Zacks, “Horizon Global Corporation is a designer, manufacturer and distributor of towing, trailering, cargo management and accessory products for original equipment, aftermarket and retail customers. Horizon Global Corporation is based in Bloomfield Hills, United States. “
A number of other analysts have also recently weighed in on HZN. TheStreet raised shares of Horizon Global Corp. from a sell rating to a hold rating in a report on Thursday, September 8th. 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 objective on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $16.50.
Shares of Horizon Global Corp. (NYSE:HZN) opened at 20.36 on Tuesday. Horizon Global Corp. has a 12-month low of $8.04 and a 12-month high of $22.12. The stock has a market capitalization of $370.41 million, a P/E ratio of 26.10 and a beta of 2.25. The stock has a 50 day moving average of $19.18 and a 200 day moving average of $14.10.
Horizon Global Corp. (NYSE:HZN) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.25. Horizon Global Corp. had a net margin of 2.40% and a return on equity of 360.31%. The company earned $167.76 million during the quarter, compared to the consensus estimate of $166.54 million. Equities research analysts anticipate that Horizon Global Corp. will post $1.09 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Wilen Investment Management CORP. acquired a new stake in Horizon Global Corp. during the second quarter valued at approximately $139,000. Nationwide Fund Advisors raised its stake in Horizon Global Corp. by 5.7% in the second quarter. Nationwide Fund Advisors now owns 12,413 shares of the company’s stock valued at $141,000 after buying an additional 672 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in Horizon Global Corp. during the second quarter valued at approximately $162,000. Numeric Investors LLC raised its stake in Horizon Global Corp. by 17.4% in the second quarter. Numeric Investors LLC now owns 16,230 shares of the company’s stock valued at $184,000 after buying an additional 2,400 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Horizon Global Corp. during the second quarter valued at approximately $205,000. Institutional investors own 88.31% of the company’s stock.
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 related accessory products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through two segments: Cequent Americas and Cequent APEA.
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