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. “
Other equities analysts have also issued research reports about the stock. TheStreet upgraded 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 target price on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $17.40.
Horizon Global Corp. (NYSE:HZN) opened at 20.40 on Tuesday. The firm’s 50 day moving average price is $19.25 and its 200 day moving average price is $14.16. Horizon Global Corp. has a one year low of $8.04 and a one year high of $22.12. The stock has a market cap of $371.14 million, a price-to-earnings ratio of 26.15 and a beta of 2.25.
Horizon Global Corp. (NYSE:HZN) last posted its earnings results on Tuesday, August 9th. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.25. The business had revenue of $167.76 million for the quarter, compared to analyst estimates of $166.54 million. Horizon Global Corp. had a net margin of 2.40% and a return on equity of 360.31%. Equities analysts forecast that Horizon Global Corp. will post $1.09 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in Horizon Global Corp. by 5.9% in the second quarter. Royal Bank of Canada now owns 838,609 shares of the company’s stock worth $9,518,000 after buying an additional 46,853 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Horizon Global Corp. by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,488 shares of the company’s stock worth $653,000 after buying an additional 882 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in Horizon Global Corp. during the second quarter worth $162,000. Numeric Investors LLC boosted its position in Horizon Global Corp. by 17.4% in the second quarter. Numeric Investors LLC now owns 16,230 shares of the company’s stock worth $184,000 after buying an additional 2,400 shares during the last quarter. Finally, Bridgeway Capital Management Inc. boosted its position in Horizon Global Corp. by 178.4% in the second quarter. Bridgeway Capital Management Inc. now owns 139,200 shares of the company’s stock worth $1,580,000 after buying an additional 89,200 shares during the last quarter. 88.31% of the stock is owned by institutional investors.
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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