Somewhat Favorable News Coverage Somewhat Unlikely to Affect Horizon Global Corporation (HZN) Stock Price

News articles about Horizon Global Corporation (NYSE:HZN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Horizon Global Corporation earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.25046780047 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Horizon Global Corporation (HZN) traded up 1.54% on Wednesday, hitting $17.10. 145,011 shares of the stock traded hands. The firm’s market capitalization is $426.41 million. The stock has a 50 day moving average of $17.32 and a 200 day moving average of $17.32. Horizon Global Corporation has a 52 week low of $11.80 and a 52 week high of $26.36.

Horizon Global Corporation (NYSE:HZN) last announced its earnings results on Tuesday, August 1st. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.17. The company had revenue of $253.60 million during the quarter, compared to the consensus estimate of $241.08 million. Horizon Global Corporation had a negative net margin of 1.45% and a positive return on equity of 18.86%. The company’s quarterly revenue was up 51.1% on a year-over-year basis. Equities research analysts anticipate that Horizon Global Corporation will post $1.09 earnings per share for the current year.

Several brokerages have issued reports on HZN. Bank of America Corporation lowered shares of Horizon Global Corporation from a “neutral” rating to an “underperform” rating in a research note on Tuesday, September 5th. BMO Capital Markets reiterated a “buy” rating and issued a $18.00 price target on shares of Horizon Global Corporation in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of Horizon Global Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Roth Capital set a $22.00 price target on shares of Horizon Global Corporation and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered shares of Horizon Global Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $19.83.

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In other news, CEO A Mark Zeffiro sold 27,000 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $16.38, for a total value of $442,260.00. Following the completion of the sale, the chief executive officer now owns 238,284 shares in the company, valued at $3,903,091.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.27% of the company’s stock.

Horizon Global Corporation 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.

Insider Buying and Selling by Quarter for Horizon Global Corporation (NYSE:HZN)

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