Roth Capital set a $24.00 target price on Horizon Global (NYSE:HZN) in a report issued on Saturday morning. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Bank of America cut shares of Horizon Global from a neutral rating to an underperform rating in a research report on Tuesday, September 5th. BMO Capital Markets reissued a buy rating and set a $20.00 target price on shares of Horizon Global in a research report on Friday, October 13th. Zacks Investment Research cut shares of Horizon Global from a hold rating to a sell rating in a research report on Tuesday, October 31st. Finally, ValuEngine raised shares of Horizon Global from a hold rating to a buy rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $20.33.

Shares of Horizon Global (NYSE:HZN) opened at $14.19 on Friday. Horizon Global has a 52-week low of $11.80 and a 52-week high of $26.36. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.62 and a quick ratio of 0.76. The firm has a market cap of $335.92, a P/E ratio of 19.81, a PEG ratio of 1.13 and a beta of 1.63.

Horizon Global (NYSE:HZN) last posted its earnings results on Tuesday, October 31st. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. Horizon Global had a negative net margin of 0.56% and a positive return on equity of 16.58%. The company had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $227.24 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. Horizon Global’s revenue for the quarter was up 58.3% compared to the same quarter last year. research analysts expect that Horizon Global will post 1.08 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Horizon Global by 24.2% during the first quarter. Vanguard Group Inc. now owns 887,446 shares of the company’s stock valued at $12,318,000 after buying an additional 172,933 shares during the period. Geode Capital Management LLC grew its position in Horizon Global by 18.7% during the first quarter. Geode Capital Management LLC now owns 161,076 shares of the company’s stock valued at $2,235,000 after buying an additional 25,360 shares during the period. Schwab Charles Investment Management Inc. grew its position in Horizon Global by 19.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 76,404 shares of the company’s stock valued at $1,061,000 after buying an additional 12,662 shares during the period. Sei Investments Co. grew its position in Horizon Global by 58.1% during the second quarter. Sei Investments Co. now owns 12,406 shares of the company’s stock valued at $178,000 after buying an additional 4,561 shares during the period. Finally, Rhumbline Advisers grew its position in Horizon Global by 19.9% during the second quarter. Rhumbline Advisers now owns 27,690 shares of the company’s stock valued at $398,000 after buying an additional 4,605 shares during the period. Institutional investors and hedge funds 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.

Analyst Recommendations for Horizon Global (NYSE:HZN)

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