Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Horizon Global (HZN) Stock Price

Media stories about Horizon Global (NYSE:HZN) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog 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 news sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.2541640136139 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s analysis:

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Horizon Global stock traded up $0.20 during mid-day trading on Wednesday, reaching $8.42. The company’s stock had a trading volume of 82,539 shares, compared to its average volume of 413,265. The company has a market cap of $204.10, a PE ratio of 8.61, a P/E/G ratio of 0.99 and a beta of 0.73. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.46 and a quick ratio of 0.63. Horizon Global has a twelve month low of $7.69 and a twelve month high of $19.26.



Horizon Global (NYSE:HZN) last released its quarterly earnings data on Thursday, March 1st. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. Horizon Global had a negative net margin of 0.40% and a positive return on equity of 17.35%. The firm had revenue of $196.00 million during the quarter, compared to the consensus estimate of $194.59 million. During the same quarter in the previous year, the company posted ($0.37) earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. equities research analysts anticipate that Horizon Global will post 1.02 earnings per share for the current year.

HZN has been the subject of a number of research analyst reports. ValuEngine lowered shares of Horizon Global from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets lowered shares of 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. Roth Capital restated a “buy” rating and issued a $14.00 price target (down previously from $24.00) on shares of Horizon Global in a research note on Friday, January 26th. Barrington Research restated an “outperform” rating and issued a $23.00 price target on shares of Horizon Global in a research note on Tuesday, December 19th. Finally, TheStreet lowered shares of Horizon Global from a “c-” rating to a “d” rating in a research note on Monday, February 26th. 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 company. Horizon Global has an average rating of “Hold” and a consensus target price of $16.93.

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About Horizon Global

Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products to the automotive aftermarket, retail, and original equipment channels worldwide. It operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.

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