Somewhat Favorable News Coverage Somewhat Unlikely to Impact Horizon Global (HZN) Stock Price

Press coverage about Horizon Global (NYSE:HZN) has been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Horizon Global earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.8848280942485 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Several brokerages recently issued reports on HZN. ValuEngine raised Horizon Global from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. Roth Capital reissued a “buy” rating and issued a $14.00 price objective (down from $24.00) on shares of Horizon Global in a research note on Friday, January 26th. Zacks Investment Research downgraded Horizon Global from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. BMO Capital Markets downgraded Horizon Global from an “outperform” rating to a “market perform” rating and set a $20.00 price target for the company. in a research note on Tuesday, January 30th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $23.00 price target on shares of Horizon Global in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $17.67.

HZN stock traded up $0.07 on Wednesday, hitting $8.97. The stock had a trading volume of 242,068 shares, compared to its average volume of 480,319. Horizon Global has a 52 week low of $7.69 and a 52 week high of $19.26. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.46 and a quick ratio of 0.63. The stock has a market cap of $228.30, a P/E ratio of -47.21, a PEG ratio of 1.09 and a beta of 0.76.

Horizon Global (NYSE:HZN) last posted its quarterly earnings results on Thursday, March 1st. The company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.03. Horizon Global had a positive return on equity of 17.35% and a negative net margin of 0.40%. The company had revenue of $196.00 million during the quarter, compared to the consensus estimate of $194.59 million. During the same period last year, the business earned ($0.37) EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. equities analysts forecast that Horizon Global will post 1.05 earnings per share for the current year.

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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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