The stock of Horizon Global Corp (NYSE:HZN) reached all time high today, Nov, 14 and still has $43.39 target or 93.00% above today’s $22.48 share price. This indicates more upside for the $480.81 million company. This technical setup was reported by Barchart.com. If the $43.39 PT is reached, the company will be worth $447.15 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. About 193,562 shares traded hands. Horizon Global Corp (NYSE:HZN) has risen 72.05% since April 12, 2016 and is uptrending. It has outperformed by 67.06% the S&P500.
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. The stock of Horizon Global Corp (NYSE:HZN) earned “Speculative Buy” rating by Seaport Global on Wednesday, March 2. CJS Securities initiated Horizon Global Corp (NYSE:HZN) on Tuesday, September 20 with “Market Outperform” rating. The rating was initiated by TH Capital with “Buy” on Thursday, October 15. The stock of Horizon Global Corp (NYSE:HZN) earned “Buy” rating by Roth Capital on Thursday, October 15. The rating was upgraded by Barrington Research to “Outperform” on Wednesday, March 2. The rating was maintained by Roth Capital with “Buy” on Thursday, November 12.
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 notable recent Horizon Global Corp (NYSE:HZN) news were published by: Crainsdetroit.com which released: “Troy-based Horizon Global Corp. acquires rival towing companies” on August 25, 2016, also Fool.com with their article: “Horizon Global Corp.’s Revenue and Profits Fall, but Bullish Guidance Saves …” published on November 03, 2016, Seekingalpha.com published: “Horizon Global Corp’s (HZN) CEO Mark Zeffiro on Q3 2016 Results – Earnings …” on November 09, 2016. More interesting news about Horizon Global Corp (NYSE:HZN) were released by: Fool.com and their article: “Horizon Global Corp.’s Margin Gains Cause Profits to Surge” published on August 09, 2016 as well as Reuters.com‘s news article titled: “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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