Seaport Global Securities reissued their hold rating on shares of Horizon Global (NYSE:HZN) in a report released on Thursday. Seaport Global Securities currently has a $10.00 price target on the stock. Seaport Global Securities also issued estimates for Horizon Global’s FY2017 earnings at $0.90 EPS, Q2 2018 earnings at $0.64 EPS and Q3 2018 earnings at $0.34 EPS.

Several other equities analysts have also issued reports on the company. Barrington Research restated an outperform rating and set a $23.00 price target on shares of Horizon Global in a research report on Tuesday, December 19th. Zacks Investment Research upgraded Horizon Global from a sell rating to a hold rating in a research report on Monday, December 18th. Roth Capital set a $24.00 price target on Horizon Global and gave the stock a buy rating in a research report on Saturday, December 16th. ValuEngine upgraded Horizon Global from a hold rating to a buy rating in a research report on Friday, December 1st. Finally, BMO Capital Markets restated a buy rating and set a $20.00 price target on shares of Horizon Global in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $17.67.

Horizon Global (NYSE HZN) opened at $9.25 on Thursday. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. Horizon Global has a 1 year low of $8.78 and a 1 year high of $20.09. The stock has a market capitalization of $227.18, a P/E ratio of -22.02, a P/E/G ratio of 0.65 and a beta of 1.63.

Horizon Global (NYSE:HZN) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. Horizon Global had a positive return on equity of 16.58% and a negative net margin of 0.56%. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $227.24 million. During the same period last year, the company earned $0.30 EPS. Horizon Global’s revenue for the quarter was up 58.3% compared to the same quarter last year. analysts predict that Horizon Global will post 1.04 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Voya Investment Management LLC bought a new stake in shares of Horizon Global in the 2nd quarter worth approximately $159,000. Cubist Systematic Strategies LLC bought a new stake in shares of Horizon Global in the 2nd quarter worth approximately $186,000. Suntrust Banks Inc. grew its position in shares of Horizon Global by 8.4% in the 2nd quarter. Suntrust Banks Inc. now owns 13,206 shares of the company’s stock worth $188,000 after buying an additional 1,025 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Horizon Global in the 3rd quarter worth approximately $199,000. Finally, Citadel Advisors LLC bought a new stake in shares of Horizon Global in the 2nd quarter worth approximately $222,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

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Horizon Global 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.

Analyst Recommendations for Horizon Global (NYSE:HZN)

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