Horizon Global’s (HZN) “Hold” Rating Reiterated at Seaport Global Securities
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.
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.
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.
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