Live Stock Coverage: A Reversal for Horizon Global Corp Is Not Near. The Stock Reaches Record High Today

Live Stock Coverage: A Reversal for Horizon Global Corp Is Not Near. The Stock Reaches Record High Today

The stock of Horizon Global Corp (NYSE:HZN) reached all time high today, Nov, 2 and still has $50.05 target or 134.00% above today’s $21.39 share price. This indicates more upside for the $384.29 million company. This technical setup was reported by If the $50.05 PT is reached, the company will be worth $514.95 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 8.08% or $1.6 during the last trading session, hitting $21.39. About 605,295 shares traded hands or 160.59% up from the average. Horizon Global Corp (NYSE:HZN) has risen 57.31% since March 31, 2016 and is uptrending. It has outperformed by 54.79% the S&P500.

Analysts await Horizon Global Corp (NYSE:HZN) to report earnings on November, 8. They expect $0.27 EPS, down 46.00% or $0.23 from last year’s $0.5 per share. HZN’s profit will be $4.85 million for 19.81 P/E if the $0.27 EPS becomes a reality. After $0.64 actual EPS reported by Horizon Global Corp for the previous quarter, Wall Street now forecasts -57.81% negative EPS growth.

Horizon Global Corp (NYSE:HZN) Ratings Coverage

Out of 6 analysts covering Horizon Global Corporation (NYSE:HZN), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Horizon Global Corporation has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Roth Capital maintained it with “Buy” rating and $13 target price in Thursday, November 12 report. On Thursday, October 15 the stock rating was initiated by Roth Capital with “Buy”. On Thursday, October 15 the stock rating was initiated by TH Capital with “Buy”. Seaport Global upgraded the shares of HZN in a report on Wednesday, March 2 to “Speculative Buy” rating. Barrington Research upgraded the shares of HZN in a report on Wednesday, March 2 to “Outperform” rating. The stock of Horizon Global Corp (NYSE:HZN) earned “Market Outperform” rating by CJS Securities on Tuesday, September 20.

According to Zacks Investment Research, “Horizon Global Corporation is a designer, manufacturer and distributor of towing, trailering, cargo management and accessory products for original equipment, aftermarket and retail customers. Horizon Global Corporation is based in Bloomfield Hills, United States.”

More important recent Horizon Global Corp (NYSE:HZN) news were published by: which released: “Troy-based Horizon Global Corp. acquires rival towing companies” on August 25, 2016, also published article titled: “Horizon Global Corp.’s Margin Gains Cause Profits to Surge”, published: “Horizon Global Signs Agreement for Exclusive Use of SmartKey Technology” on October 26, 2016. More interesting news about Horizon Global Corp (NYSE:HZN) was released by: and their article: “BRIEF-Horizon Global Corp enters amendment to loan agreement for increment…” with publication date: October 11, 2016.

HZN Company Profile

Horizon Global Corporation, incorporated on January 14, 2015, is a designer, maker 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 Firm operates through two divisions: Cequent Americas and Cequent APEA. The Company’s Cequent Americas and Cequent APEA marketed through original equipment manufacturers (OEMs), OE suppliers, retailers and aftermarket clients servicing users in the agricultural, automotive, construction, horse/livestock, industrial, marine, military, recreational, trailer and utility markets. The Company’s products are used in approximately two primary categories across the world, including commercial applications (Work) and recreational activities (Play). The markets in its Work category include agricultural, automotive, construction, fleet, industrial, marine, military, mining and municipalities. The markets in its Play category include equestrian, power sports, recreational vehicle, specialty automotive, truck accessory and other specialty towing applications. The Firm distributes its products through independent installers, warehouse distributors, dealers, OE, retail stores and online retailers.

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