BMO Capital Remains a Buy on Horizon Global

By Ryan Adsit

In a report released today, Gerrick Johnson from BMO Capital reiterated a Buy rating on Horizon Global (NYSE: HZN), with a price target of $20. The company’s shares closed yesterday at $17.42.

According to TipRanks.com, Johnson is a 4-star analyst with an average return of 11.2% and a 57.7% success rate. Johnson covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Winnebago Industries, and Activision Blizzard.

Currently, the analyst consensus on Horizon Global is Moderate Buy and the average price target is $19.67, representing a 12.9% upside.

In a report issued on September 29, Roth Capital also assigned a Buy rating to the stock with a $22 price target.

The company has a one-year high of $26.37 and a one-year low of $11.80. Currently, Horizon Global has an average volume of 248.1K.

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Horizon Global Corp. operates as a designer, manufacturer and distributor of custom-engineered towing, trailering, cargo management and other related accessory products on a global basis. It operates through the following segment: Horizon Americas, Horizon Asia Pacific, and Horizon Europe Africa.