Horizon Global (HZN) Reaches $8.41 After 9.00% Up Move; Autoliv Has 1.42 Sentiment

February 16, 2018 - By Vivian Currie

The stock of Horizon Global Corporation (NYSE:HZN) is a huge mover today! The stock increased 2.81% or $0.2302 during the last trading session, reaching $8.4102. About 79,759 shares traded. Horizon Global Corporation (NYSE:HZN) has risen 31.83% since February 16, 2017 and is uptrending. It has outperformed by 15.13% the S&P500.The move comes after 8 months positive chart setup for the $209.73 million company. It was reported on Feb, 16 by Barchart.com. We have $9.17 PT which if reached, will make NYSE:HZN worth $18.88 million more.

Autoliv, Inc., through its subsidiaries, develops, makes, and supplies automotive safety systems to the automotive industry worldwide. The company has market cap of $12.72 billion. It operates through two divisions, Passive Safety and Electronics. It has a 30.03 P/E ratio. The firm offers a range of products, including modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems, child seats, and components; and camera vision systems, night driving assists, automotive radars, brake controls, positioning systems, electronic control units, and other active safety systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.

Analysts await Horizon Global Corporation (NYSE:HZN) to report earnings on March, 8. They expect $0.01 EPS, up 102.70% or $0.38 from last year’s $-0.37 per share. HZN’s profit will be $249,381 for 210.26 P/E if the $0.01 EPS becomes a reality. After $0.38 actual EPS reported by Horizon Global Corporation for the previous quarter, Wall Street now forecasts -97.37% negative EPS growth.

Among 9 analysts covering Horizon Global Corporation (NYSE:HZN), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Horizon Global Corporation had 21 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, October 13 the stock rating was maintained by BMO Capital Markets with “Buy”. Roth Capital maintained the shares of HZN in report on Friday, January 26 with “Buy” rating. The company was maintained on Wednesday, August 2 by BMO Capital Markets. Bank of America upgraded Horizon Global Corporation (NYSE:HZN) rating on Wednesday, February 7. Bank of America has “Buy” rating and $10.0 target. Seaport Global maintained Horizon Global Corporation (NYSE:HZN) rating on Thursday, January 25. Seaport Global has “Hold” rating and $10.0 target. Barrington Research reinitiated the shares of HZN in report on Tuesday, December 19 with “Outperform” rating. The stock of Horizon Global Corporation (NYSE:HZN) has “Buy” rating given on Thursday, October 15 by Roth Capital. As per Wednesday, March 2, the company rating was upgraded by Seaport Global. The stock has “Buy” rating by TH Capital on Thursday, October 15. The rating was downgraded by BMO Capital Markets on Monday, January 29 to “Hold”.

Horizon Global Corporation designs, makes, and distributes a range of towing, trailering, cargo management, and other related accessory products to the automotive aftermarket, retail, and original equipment channels worldwide. The company has market cap of $209.73 million. It operates through three divisions: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa. It currently has negative earnings. The firm provides towing products, such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, towbars, security, and other towing accessories for attaching a trailer, camper, etc.

Alecta Pensionsforsakring Omsesidigt holds 8.97% of its portfolio in Autoliv, Inc. for 8.46 million shares. Beddow Capital Management Inc owns 71,461 shares or 3.42% of their US portfolio. Moreover, Murphy Pohlad Asset Management Llc has 1.57% invested in the company for 18,285 shares. The Norway-based Folketrygdfondet has invested 1.52% in the stock. Dynamic Capital Management Ltd, a United Kingdom-based fund reported 34,918 shares.

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