Horizon Global Corp (NYSE:HZN) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $10.20.
HZN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Horizon Global from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Wednesday, October 10th. ValuEngine upgraded Horizon Global from a “sell” rating to a “hold” rating in a report on Wednesday, November 14th. Finally, B. Riley cut Horizon Global from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.50 to $3.00 in a report on Friday, November 9th.
In other Horizon Global news, General Counsel Jay Goldbaum purchased 20,220 shares of the company’s stock in a transaction dated Friday, November 9th. The stock was bought at an average cost of $2.76 per share, for a total transaction of $55,807.20. Following the completion of the transaction, the general counsel now owns 46,464 shares in the company, valued at $128,240.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denise Ilitch purchased 20,000 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was acquired at an average price of $2.26 per share, with a total value of $45,200.00. Following the completion of the transaction, the director now owns 32,827 shares of the company’s stock, valued at approximately $74,189.02. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 67,220 shares of company stock valued at $171,037. Corporate insiders own 1.90% of the company’s stock.
HZN opened at $1.87 on Friday. Horizon Global has a 1 year low of $1.34 and a 1 year high of $13.56. The stock has a market capitalization of $49.22 million, a price-to-earnings ratio of 1.91 and a beta of 1.34. The company has a debt-to-equity ratio of 20.60, a quick ratio of 0.90 and a current ratio of 1.80.
Horizon Global (NYSE:HZN) last announced its quarterly earnings data on Thursday, November 8th. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.20). The company had revenue of $227.80 million during the quarter, compared to the consensus estimate of $239.28 million. Horizon Global had a negative net margin of 20.37% and a negative return on equity of 2.41%. Horizon Global’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. On average, analysts expect that Horizon Global will post -0.23 EPS for the current fiscal year.
About Horizon Global
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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