Analysts Set Horizon Global Corp (HZN) Target Price at $12.79

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Horizon Global Corp (NYSE:HZN) has been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.79.

Several equities research analysts have commented on the stock. Roth Capital upgraded shares of Horizon Global from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $6.00 to $13.00 in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Horizon Global from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, ValuEngine upgraded shares of Horizon Global from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd.

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its stake in Horizon Global by 4.6% in the 1st quarter. Russell Investments Group Ltd. now owns 320,514 shares of the company’s stock valued at $2,641,000 after purchasing an additional 14,173 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Horizon Global by 14.8% during the 2nd quarter. Bank of America Corp DE now owns 130,334 shares of the company’s stock valued at $777,000 after acquiring an additional 16,836 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Horizon Global by 20.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 115,995 shares of the company’s stock valued at $956,000 after acquiring an additional 19,827 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of Horizon Global by 168.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 46,322 shares of the company’s stock valued at $382,000 after acquiring an additional 29,042 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake in shares of Horizon Global by 64.5% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 82,851 shares of the company’s stock valued at $494,000 after acquiring an additional 32,487 shares during the last quarter. 73.99% of the stock is owned by hedge funds and other institutional investors.

NYSE:HZN opened at $5.72 on Friday. Horizon Global has a 1-year low of $5.13 and a 1-year high of $17.73. The company has a debt-to-equity ratio of 20.60, a quick ratio of 0.80 and a current ratio of 1.59. The firm has a market capitalization of $161.87 million, a P/E ratio of 5.84, a PEG ratio of 13.47 and a beta of 0.92.

Horizon Global (NYSE:HZN) last issued its earnings results on Tuesday, August 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.21 by $0.15. The company had revenue of $233.34 million for the quarter, compared to analyst estimates of $232.85 million. Horizon Global had a negative net margin of 15.61% and a positive return on equity of 8.57%. Analysts forecast that Horizon Global will post 0.18 earnings per share for the current fiscal year.

Horizon Global Company Profile

Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products to the automotive aftermarket, retail, and original equipment channels worldwide. It operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.

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Analyst Recommendations for Horizon Global (NYSE:HZN)

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