Horizon Global Corporation's (NYSE:HZN) "Buy" Rating Reaffirmed at BMO Capital Markets

Judith Bessette
Agosto 12, 2017

Shares of the company are trading at $18.63 which is just a bit higher than $14.90, the 50 day moving average and which is a tad above the 200 day moving average of $15.41. On average, analysts anticipate that Horizon Global Corporation will post $1.09 EPS for the current year. Suntrust Banks Inc. acquired a new position in shares of Horizon Global Corporation during the first quarter worth $167,000. Capital Fund Management S.A. purchased a new position in Horizon Global Corporation during the first quarter worth about $149,000. Envestnet Asset Management acquired a new position in Horizon Global Corporation throughout the Q4 valued roughly $153,000. Tocqueville Asset Management L.P. now owns 1,271,251 shares of the company's stock worth $17,645,000 after buying an additional 446,480 shares in the last quarter. Finally, Northpointe Capital LLC purchased a new stake in Horizon Global Corporation during the first quarter worth $11,091,000. Sei Investments has an ownership of 12,406 stocks of the firms shares valued $178,000 after scooping up an extra 4,561 shares through out the quarter. hedge fund investors and investment firms has an ownership of 92.34% of the firms stock. Horizon Global Corporation has a 52-week low of 11.80 and a 52-week high of 26.36. The stock has a 50 day moving average of $15.02 and a 200-day moving average of $15.42. BMO Capital Markets' price objective points a possible increase of 0.06% from present price.

Horizon Global Corporation (NYSE:HZN) issued an update on its FY17 earnings guidance on Tuesday morning.

The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.17.

Horizon Global Corporation published that its board has approved a share buyback plan on early Wed, May 3rd that permits The corporation to repurchase 1,500,000 Stocks. The firm's quarterly revenue was up 51.1% compared to the same quarter previous year. The firm's quarterly revenue was up 51.1% on a year-over-year basis. Horizon Global Corporation's revenue was up 51.1% compared to the same quarter a year ago. This repurchase authorization permits The corporation to buy stocks of its shares through open market purchases. shares repurchase plans are generally an indication that the firms leadership believes its Stocks are undervalued. If you are accessing this article on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright and trademark legislation. The correct version of this article can be read at https://transcriptdaily.com/2017/08/11/skylands-capital-llc-has-831000-position-in-horizon-global-corporation-hzn-updated-updated.html.

Cogent Communications Holdings, (NASDAQ:CCOI) Closed 4.7% Above Its 50 Day Average
Drexel Hamilton upgraded L-3 Communications Holdings from a "hold" rating to a "buy" rating in a research report on Tuesday. Consolidated Communications Holdings's revenue for the quarter was down 9.1% compared to the same quarter a year ago .

A number of research firms have recently weighed in on HZN. Zacks Investment Research raised shares of Horizon Global Corporation from a hold rating to a strong-buy rating and set a $21.00 price target on the stock in a research report on Thursday, August 3rd. Roth Capital set a $22.00 price target on shares of Horizon Global Corporation and gave the company a "buy" rating in a report on Wednesday, August 2nd. BMO Capital Markets raised their price target on shares of Horizon Global Corporation from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Wednesday, August 2nd. TheStreet upgraded shares of Horizon Global Corporation from a "d" rating to a "c-" rating in a research report on Friday, May 26th. TheStreet boosted Horizon Global Corporation from a "d" recommendation to a "c-" recommendation in a analysis report on Friday morning, May 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of "Buy" and a consensus target price of $20.29.

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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