Barrington Research reaffirmed their outperform rating on shares of Horizon Global (NYSE:HZN) in a report issued on Tuesday, December 19th, Marketbeat Ratings reports. The brokerage currently has a $23.00 price target on the stock. Barrington Research also issued estimates for Horizon Global’s Q4 2017 earnings at $0.03 EPS, FY2017 earnings at $1.07 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.15 EPS and FY2018 earnings at $1.43 EPS.
Several other equities analysts also recently commented on the stock. Bank of America downgraded shares of Horizon Global from a neutral rating to an underperform rating in a research note on Tuesday, September 5th. BMO Capital Markets reissued a buy rating and issued a $20.00 price objective on shares of Horizon Global in a research note on Friday, October 13th. Roth Capital set a $24.00 price objective on shares of Horizon Global and gave the company a buy rating in a research note on Saturday, December 16th. ValuEngine raised shares of Horizon Global from a hold rating to a buy rating in a research note on Friday, December 1st. Finally, Zacks Investment Research cut shares of Horizon Global from a hold rating to a sell rating in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Horizon Global has a consensus rating of Hold and a consensus target price of $20.33.
Shares of Horizon Global (HZN) traded up $0.38 during trading on Tuesday, hitting $13.46. 238,437 shares of the stock were exchanged, compared to its average volume of 229,592. Horizon Global has a 12 month low of $11.80 and a 12 month high of $22.64. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 1.62. The company has a market cap of $337.41 and a P/E ratio of -31.30.
Horizon Global (NYSE:HZN) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $227.24 million. Horizon Global had a negative net margin of 0.56% and a positive return on equity of 16.58%. The firm’s quarterly revenue was up 58.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. equities analysts predict that Horizon Global will post 1.08 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Dean Investment Associates LLC acquired a new stake in shares of Horizon Global during the third quarter worth $3,387,000. PEAK6 Investments L.P. acquired a new stake in shares of Horizon Global during the third quarter worth $233,000. Spitfire Capital LLC increased its position in shares of Horizon Global by 2.1% during the third quarter. Spitfire Capital LLC now owns 1,093,319 shares of the company’s stock worth $19,286,000 after buying an additional 22,100 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Horizon Global during the third quarter worth $490,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Horizon Global by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,021,346 shares of the company’s stock worth $18,017,000 after buying an additional 29,724 shares during the period. Hedge funds and other institutional investors own 90.84% 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.
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