Horizon Global (HZN) Gets a Sell Rating from B.Riley FBR

By Carrie Williams

B.Riley FBR analyst Josh Nichols reiterated a Sell rating on Horizon Global (HZNResearch Report) yesterday and set a price target of $1.00. The company’s shares closed last Monday at $1.43, close to its 52-week low of $1.20.

According to TipRanks.com, Nichols is a 4-star analyst with an average return of 7.5% and a 38.6% success rate. Nichols covers the Technology sector, focusing on stocks such as Smith Micro Software, Adesto Technologies, and Avid Technology.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Horizon Global with a $1.00 average price target.

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Horizon Global’s market cap is currently $36.43M and has a P/E ratio of 0.50. The company has a Price to Book ratio of -0.71.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HZN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Horizon Global Corp. engages in the design, manufacture, and distribution of custom-engineered towing, trailering, cargo management, and other related accessory products. It operates through the following segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa. The Horizon Americas segment sells towing and trailering-related products through retail, aftermarket, original equipment manufacturers, e-commerce, and industrial channels in North and South America. The Horizon Asia Pacific segment operates primarily in Australia, Thailand, and New Zealand. The Horizon Europe Africa segment includes operations primarily in Germany, France, the United Kingdom, Romania, and South Africa. The company was founded by Brian P. Campbell in May, 1986 and is headquartered in Troy, MI.