Bank of America upgraded shares of Horizon Global (NYSE:HZN) from an underperform rating to a buy rating in a research report released on Wednesday morning, Marketbeat reports. Bank of America currently has $18.00 price objective on the stock.
A number of other equities analysts have also weighed in on HZN. ValuEngine lowered Horizon Global from a strong-buy rating to a buy rating in a research note on Friday, February 2nd. BMO Capital Markets lowered Horizon Global from an outperform rating to a market perform rating and set a $20.00 price target for the company. in a research note on Tuesday, January 30th. Zacks Investment Research lowered Horizon Global from a hold rating to a sell rating in a research note on Tuesday, January 30th. Roth Capital restated a buy rating and issued a $14.00 price target (down previously from $24.00) on shares of Horizon Global in a research note on Friday, January 26th. Finally, Seaport Global Securities restated a hold rating and issued a $10.00 price target on shares of Horizon Global in a research note on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Horizon Global has a consensus rating of Hold and an average price target of $17.67.
Horizon Global (NYSE:HZN) opened at $8.60 on Wednesday. The firm has a market capitalization of $216.73 and a PE ratio of -20.00. Horizon Global has a 52 week low of $7.69 and a 52 week high of $19.58. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 1.62.
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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.
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