Platform Specialty Products Corporation (PAH) Given Average Rating of “Hold” by Analysts

Shares of Platform Specialty Products Corporation (NYSE:PAH) have received an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $13.50.

PAH has been the subject of a number of research analyst reports. SunTrust Banks upgraded Platform Specialty Products from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $15.00 in a report on Monday, September 18th. Credit Suisse Group initiated coverage on Platform Specialty Products in a report on Wednesday, November 15th. They issued a “neutral” rating and a $12.00 target price for the company. Zacks Investment Research downgraded Platform Specialty Products from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Barclays lowered their target price on Platform Specialty Products from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Finally, ValuEngine downgraded Platform Specialty Products from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

A number of institutional investors have recently made changes to their positions in the business. FMR LLC grew its stake in Platform Specialty Products by 12.7% in the second quarter. FMR LLC now owns 22,055,440 shares of the specialty chemicals company’s stock valued at $279,663,000 after acquiring an additional 2,483,623 shares during the period. Vanguard Group Inc. grew its stake in Platform Specialty Products by 4.6% in the second quarter. Vanguard Group Inc. now owns 16,082,464 shares of the specialty chemicals company’s stock valued at $203,926,000 after acquiring an additional 711,500 shares during the period. Glenview Capital Management LLC grew its stake in Platform Specialty Products by 17.9% in the second quarter. Glenview Capital Management LLC now owns 13,203,633 shares of the specialty chemicals company’s stock valued at $167,422,000 after acquiring an additional 2,000,000 shares during the period. Capital World Investors grew its stake in Platform Specialty Products by 13.1% in the second quarter. Capital World Investors now owns 12,080,829 shares of the specialty chemicals company’s stock valued at $153,185,000 after acquiring an additional 1,398,319 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Platform Specialty Products by 19.1% in the third quarter. Dimensional Fund Advisors LP now owns 6,558,502 shares of the specialty chemicals company’s stock valued at $73,127,000 after acquiring an additional 1,052,378 shares during the period. 93.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Platform Specialty Products (PAH) traded up $0.04 during mid-day trading on Thursday, reaching $9.51. The company’s stock had a trading volume of 2,472,174 shares, compared to its average volume of 2,385,710. The company has a market capitalization of $2,713.07, a P/E ratio of 12.94, a P/E/G ratio of 1.01 and a beta of 3.19. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.55 and a current ratio of 2.05. Platform Specialty Products has a 1-year low of $9.11 and a 1-year high of $14.82.

Platform Specialty Products (NYSE:PAH) last issued its earnings results on Thursday, November 2nd. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The business had revenue of $904.30 million during the quarter, compared to the consensus estimate of $912.19 million. Platform Specialty Products had a positive return on equity of 7.45% and a negative net margin of 4.12%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. research analysts predict that Platform Specialty Products will post 0.77 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/12/12/platform-specialty-products-corporation-pah-given-average-rating-of-hold-by-analysts.html.

About Platform Specialty Products

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

Analyst Recommendations for Platform Specialty Products (NYSE:PAH)

Receive News & Ratings for Platform Specialty Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Platform Specialty Products and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply