Roth Capital set a $13.00 target price on Platform Specialty Products Corp. (NYSE:PAH) in a report published on Wednesday morning. The brokerage currently has a a buy rating on the stock.

PAH has been the topic of a number of other reports. Nomura reiterated a neutral rating and set a $12.00 price objective (up from $11.00) on shares of Platform Specialty Products Corp. in a research note on Tuesday, September 13th. Citigroup Inc. initiated coverage on Platform Specialty Products Corp. in a research note on Thursday, July 28th. They set a buy rating and a $11.00 price objective on the stock. Finally, Barclays PLC decreased their price objective on Platform Specialty Products Corp. from $12.00 to $11.00 and set an equal weight rating on the stock in a research note on Tuesday, August 16th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $12.00.

Shares of Platform Specialty Products Corp. (NYSE:PAH) opened at 8.69 on Wednesday. The firm’s market capitalization is $2.00 billion. Platform Specialty Products Corp. has a 52 week low of $5.25 and a 52 week high of $16.20. The stock’s 50 day moving average price is $9.11 and its 200-day moving average price is $9.08.

Platform Specialty Products Corp. (NYSE:PAH) last released its quarterly earnings data on Monday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by $0.04. Platform Specialty Products Corp. had a negative net margin of 12.86% and a negative return on equity of 1.80%. The company had revenue of $922 million for the quarter, compared to the consensus estimate of $887.71 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 36.6% compared to the same quarter last year. Equities analysts predict that Platform Specialty Products Corp. will post $0.64 earnings per share for the current year.

In related news, Director Martin E. Franklin bought 1,050,000 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was bought at an average cost of $8.25 per share, for a total transaction of $8,662,500.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 6.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in PAH. Stifel Financial Corp acquired a new stake in Platform Specialty Products Corp. during the second quarter valued at $103,000. Ameriprise Financial Inc. acquired a new stake in Platform Specialty Products Corp. during the second quarter valued at $106,000. Menta Capital LLC acquired a new stake in Platform Specialty Products Corp. during the first quarter valued at $117,000. Capstone Investment Advisors LLC acquired a new stake in Platform Specialty Products Corp. during the second quarter valued at $126,000. Finally, Legal & General Group Plc boosted its stake in Platform Specialty Products Corp. by 59.1% in the first quarter. Legal & General Group Plc now owns 14,761 shares of the company’s stock valued at $127,000 after buying an additional 5,481 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

About Platform Specialty Products Corp.

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