News coverage about Horizon Global Corporation (NYSE:HZN) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Horizon Global Corporation earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.1996066906895 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Several brokerages have issued reports on HZN. Bank of America Corporation cut Horizon Global Corporation from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 5th. Zacks Investment Research upgraded Horizon Global Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Thursday, August 3rd. Roth Capital set a $22.00 target price on Horizon Global Corporation and gave the company a “buy” rating in a report on Wednesday, August 2nd. BMO Capital Markets upped their target price on Horizon Global Corporation from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Finally, BidaskClub cut Horizon Global Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $19.83.

Horizon Global Corporation (HZN) traded down 0.73% during trading on Friday, hitting $17.64. The stock had a trading volume of 135,826 shares. The stock’s market cap is $439.87 million. Horizon Global Corporation has a 1-year low of $15.67 and a 1-year high of $26.36. The firm’s 50-day moving average price is $16.93 and its 200-day moving average price is $16.93.

Horizon Global Corporation (NYSE:HZN) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.17. The firm had revenue of $253.60 million during the quarter, compared to analyst estimates of $241.08 million. Horizon Global Corporation had a positive return on equity of 18.86% and a negative net margin of 1.45%. The firm’s revenue was up 51.1% on a year-over-year basis. On average, equities research analysts predict that Horizon Global Corporation will post $1.09 earnings per share for the current fiscal year.

In other Horizon Global Corporation news, CEO A Mark Zeffiro sold 17,130 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $16.45, for a total transaction of $281,788.50. Following the completion of the transaction, the chief executive officer now directly owns 238,284 shares of the company’s stock, valued at approximately $3,919,771.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.27% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Horizon Global Corporation (NYSE:HZN)

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