Horizon Global Corp (HZN) Given Daily News Sentiment Rating of -0.05

Posted by on Apr 13th, 2017

Media stories about Horizon Global Corp (NYSE:HZN) have been trending somewhat negative this week, Alpha One reports. Alpha One, a division of Accern, scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Horizon Global Corp earned a media sentiment score of -0.05 on Alpha One’s scale. Alpha One also gave news stories about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news stories that may have effected AlphaOne Sentiment Analysis’s rankings:

Shares of Horizon Global Corp (NYSE:HZN) traded up 1.95% during mid-day trading on Wednesday, reaching $12.56. The company’s stock had a trading volume of 425,952 shares. The firm’s market capitalization is $320.73 million. Horizon Global Corp has a 52 week low of $10.60 and a 52 week high of $26.36. The firm has a 50-day moving average of $15.07 and a 200-day moving average of $20.01.

Horizon Global Corp (NYSE:HZN) last issued its earnings results on Thursday, March 9th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.25. The firm earned $183.61 million during the quarter, compared to analysts’ expectations of $169.15 million. Horizon Global Corp had a return on equity of 208.56% and a net margin of 1.39%. The company’s quarterly revenue was up 51.4% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. Equities research analysts forecast that Horizon Global Corp will post $0.93 earnings per share for the current fiscal year.

HZN has been the subject of a number of recent analyst reports. Roth Capital set a $23.00 price target on Horizon Global Corp and gave the stock a “buy” rating in a report on Wednesday, March 8th. TheStreet downgraded Horizon Global Corp from a “c” rating to an “e+” rating in a report on Thursday, March 9th. Zacks Investment Research raised Horizon Global Corp from a “sell” rating to a “hold” rating in a report on Thursday, March 2nd. Wells Fargo & Co initiated coverage on Horizon Global Corp in a report on Tuesday, February 21st. They set a “market perform” rating for the company. Finally, Bank of America Corp initiated coverage on Horizon Global Corp in a report on Tuesday, March 14th. They set a “neutral” rating and a $18.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Horizon Global Corp has a consensus rating of “Hold” and a consensus price target of $20.43.

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In other news, CEO A Mark Zeffiro bought 10,800 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were acquired at an average cost of $13.57 per share, with a total value of $146,556.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David G. Rice bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average cost of $14.41 per share, for a total transaction of $57,640.00. Following the completion of the transaction, the chief financial officer now directly owns 59,589 shares in the company, valued at approximately $858,677.49. The disclosure for this purchase can be found here. Insiders purchased a total of 16,900 shares of company stock worth $233,709 over the last ninety days. Corporate insiders own 0.73% of the company’s stock.

About Horizon Global Corp

Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other related accessory products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through two segments: Cequent Americas and Cequent APEA.

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