Media headlines about Horizon Global (NYSE:HZN) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Horizon Global earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.7540763740145 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Horizon Global (NYSE:HZN) opened at $13.02 on Friday. The stock has a market cap of $322.70, a P/E ratio of -31.00, a P/E/G ratio of 0.93 and a beta of 1.63. Horizon Global has a 1 year low of $11.80 and a 1 year high of $21.98. 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 (NYSE:HZN) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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%. Horizon Global’s revenue for the quarter was up 58.3% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. analysts expect that Horizon Global will post 1.07 earnings per share for the current year.
Several analysts have recently weighed in on the stock. Barrington Research restated an “outperform” rating and set a $23.00 price objective on shares of Horizon Global in a research report on Tuesday, December 19th. ValuEngine raised shares of Horizon Global from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research cut shares of Horizon Global from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. BMO Capital Markets reaffirmed a “buy” rating and set a $20.00 price target on shares of Horizon Global in a research note on Friday, October 13th. Finally, Roth Capital set a $24.00 price objective on shares of Horizon Global and gave the stock a “buy” rating in a research report on Saturday, December 16th. Two research 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. The stock currently has an average rating of “Hold” and a consensus price target of $20.33.
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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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