Analysts are on the Bearish side about Horizon Global Corporation (NYSE:HZN) this week.

May 11, 2018 - By Peter Erickson

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Horizon Global Corporation (NYSE:HZN) Ratings Coverage

Among 8 analysts covering Horizon Global (NYSE:HZN), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Horizon Global had 10 analyst reports since December 15, 2017 according to SRatingsIntel. As per Friday, December 15, the company rating was maintained by Roth Capital. The rating was initiated by FBR Capital on Friday, April 13 with “Buy”. The stock of Horizon Global Corporation (NYSE:HZN) earned “Outperform” rating by Barrington Research on Tuesday, December 19. The firm has “Buy” rating given on Friday, January 26 by Roth Capital. On Monday, January 29 the stock rating was downgraded by BMO Capital Markets to “Hold”. On Wednesday, February 7 the stock rating was upgraded by Bank of America to “Buy”. Roth Capital downgraded the shares of HZN in report on Friday, May 4 to “Hold” rating. Barrington maintained the stock with “Buy” rating in Friday, March 9 report. The rating was maintained by Seaport Global on Thursday, January 25 with “Hold”. Below is a list of Horizon Global Corporation (NYSE:HZN) latest ratings and price target changes.

04/05/2018 Broker: Roth Capital Rating: Hold New Target: $6.5000 Downgrade
13/04/2018 Broker: FBR Capital Rating: Buy New Target: $12.5000 Initiate
13/04/2018 Broker: B. Riley & Co Rating: Buy New Target: $12.5 Initiates Coverage On
09/03/2018 Broker: Barrington Rating: Buy New Target: $13.5 Maintain
07/02/2018 Broker: Bank of America Rating: Buy New Target: $10.0 Upgrade
29/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $9.0 Downgrade
26/01/2018 Broker: Roth Capital Rating: Buy New Target: $14.0 Maintain
25/01/2018 Broker: Seaport Global Rating: Hold New Target: $10.0 Maintain
19/12/2017 Broker: Barrington Research Rating: Outperform New Target: $23.00 Reinitiate
15/12/2017 Broker: Roth Capital Rating: Buy New Target: $24.0 Maintain

The stock increased 5.27% or $0.28 during the last trading session, reaching $5.59. About 406,120 shares traded or 17.24% up from the average. Horizon Global Corporation (NYSE:HZN) has declined 36.53% since May 11, 2017 and is downtrending. It has underperformed by 48.08% the S&P500.

Horizon Global Corporation designs, makes, and distributes a range of towing, trailering, cargo management, and other related accessory products to the automotive aftermarket, retail, and original equipment channels worldwide. The company has market cap of $139.82 million. It operates through three divisions: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa. It currently has negative earnings. The firm provides towing products, such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, towbars, security, and other towing accessories for attaching a trailer, camper, etc.

Another recent and important Horizon Global Corporation (NYSE:HZN) news was published by Streetinsider.com which published an article titled: “Horizon Global (HZN) Appoints Carl Bizon as Interim President and CEO; Mark Zeffiro Resigns” on May 08, 2018.

Horizon Global Corporation (NYSE:HZN) Ratings Chart

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