Horizon Global (NYSE:HZN) Downgrade of Rating
Global Hunter decreased shares of Horizon Global (NYSE:HZN) from Accumulate rating to Speculative Buy rating in an analyst report issued to clients on Friday morning. The firm after the upgrade has $15.00 target price on the stock.
The rating downgrade is noticed by stock investors, as NYSE:HZN is at the moment trading -13.71% lower at $10.83 as of 03:39 New York time. Horizon Global shares have decreased -13.33% in the last 200 days, while the S&P500 has added 11.29% in the same time.
NYSE:HZN Price Chart & Trend
Horizon Global (NYSE:HZN) Profile
Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailer and cargo management products, and other accessories. The Company operates through two segments: Cequent Americas, which focuses on the North and South American markets, and Cequent APEA, which focuses on its sales and manufacturing in the Asia Pacific, Europe and Africa regions of the world. Its Cequent Americas segment is a manufacturer and provider of aftermarket and original equipment manufacturer (OEM) towing and trailer products and accessories, and towing, trailer, vehicle protection and cargo management solutions.
Horizon Global (NYSE:HZN) traded down -13.71% on 8 May, hitting $10.83. A total of 449,025 shares of the company’s stock traded hands. This is up from average of 259,794 shares. Horizon Global has a 52 week low of $10.82 and a 52 week high of $16.25. The company has a market cap of $227.36 million and a P/E ratio of 13.57.
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