Horizon Global (NYSE:HZN)‘s stock had its “buy” rating reissued by equities research analysts at Roth Capital in a report issued on Friday, January 26th. They presently have a $14.00 target price on the stock, down from their prior target price of $24.00. Roth Capital’s target price would indicate a potential upside of 65.09% from the company’s previous close.
A number of other analysts have also weighed in on the stock. ValuEngine upgraded shares of Horizon Global from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. Seaport Global Securities reiterated a “hold” rating and set a $10.00 target price on shares of Horizon Global in a report on Thursday, January 25th. Barrington Research reiterated an “outperform” rating and set a $23.00 target price on shares of Horizon Global in a report on Tuesday, December 19th. Zacks Investment Research upgraded shares of Horizon Global from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $20.00 target price on shares of Horizon Global in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $17.67.
Shares of Horizon Global (NYSE HZN) opened at $8.48 on Friday. 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 firm has a market cap of $211.47 and a PE ratio of -19.72. Horizon Global has a 1-year low of $7.69 and a 1-year high of $19.58.
Hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC bought a new position in Horizon Global in the second quarter worth about $159,000. Fox Run Management L.L.C. bought a new position in Horizon Global in the third quarter worth about $199,000. Cubist Systematic Strategies LLC bought a new position in Horizon Global in the second quarter worth about $186,000. Suntrust Banks Inc. raised its stake in Horizon Global by 8.4% in the second quarter. Suntrust Banks Inc. now owns 13,206 shares of the company’s stock worth $188,000 after buying an additional 1,025 shares in the last quarter. Finally, PEAK6 Investments L.P. bought a new position in Horizon Global in the third quarter worth about $233,000. 91.01% of the stock is owned by institutional investors.
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About Horizon Global
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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