News coverage about Horizon Global Corporation (NYSE:HZN) has trended somewhat positive on Sunday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Horizon Global Corporation earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.0917788467175 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- RSI Alert: Horizon Global (HZN) Now Oversold (thestreet.com)
- ETFs with exposure to Horizon Global Corp. : November 2, 2017 (finance.yahoo.com)
- Horizon Global Corp. :HZN-US: Earnings Analysis: Q3, 2017 By the Numbers : November 1, 2017 (finance.yahoo.com)
- Horizon Global Reports Financial Results For Third Quarter 2017 And Reaffirms Full-Year 2017 Earnings Per Share Guidance (thestreet.com)
- Horizon Global Corp : Horizon Global Corp. to Host Earnings Call (4-traders.com)
A number of analysts have recently weighed in on the stock. 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 reissued a “buy” rating and set a $18.00 target price 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 target price 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. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Horizon Global Corporation presently has an average rating of “Hold” and an average target price of $19.83.
Horizon Global Corporation (HZN) traded down $0.62 during mid-day trading on Friday, reaching $14.68. 142,615 shares of the company traded hands, compared to its average volume of 182,553. Horizon Global Corporation has a fifty-two week low of $11.80 and a fifty-two week high of $26.36. The firm has a market capitalization of $366.09, a price-to-earnings ratio of 21.59, a PEG ratio of 1.24 and a beta of 1.79. The company has a current ratio of 1.62, a quick ratio of 0.89 and a debt-to-equity ratio of 1.71.
Horizon Global Corporation (NYSE:HZN) last released its earnings results on Tuesday, October 31st. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. Horizon Global Corporation had a negative net margin of 0.56% and a positive return on equity of 16.58%. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $227.24 million. During the same period in the prior year, the business earned $0.30 earnings per share. The business’s quarterly revenue was up 58.3% on a year-over-year basis. equities analysts forecast that Horizon Global Corporation will post 1.08 earnings per share for the current year.
In other news, CEO A Mark Zeffiro sold 17,130 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $16.45, for a total transaction of $281,788.50. Following the sale, the chief executive officer now owns 238,284 shares in the company, valued at $3,919,771.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.27% of the stock is owned by insiders.
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About Horizon Global Corporation
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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