Platform Specialty Products Corporation (NYSE:PAH) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other research analysts have also recently weighed in on PAH. Nomura reissued a “buy” rating and issued a $16.00 price target on shares of Platform Specialty Products Corporation in a report on Tuesday, May 9th. Instinet increased their price target on shares of Platform Specialty Products Corporation from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. Zacks Investment Research raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, May 10th. ValuEngine raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, UBS AG reissued a “buy” rating and issued a $17.00 price target (up from $16.00) on shares of Platform Specialty Products Corporation in a report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $13.10.

Platform Specialty Products Corporation (NYSE:PAH) opened at 12.90 on Friday. The stock has a 50 day moving average price of $13.20 and a 200-day moving average price of $13.02. Platform Specialty Products Corporation has a 1-year low of $6.85 and a 1-year high of $14.82. The company’s market capitalization is $3.69 billion.

Platform Specialty Products Corporation (NYSE:PAH) last released its quarterly earnings results on Wednesday, August 9th. The specialty chemicals company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The firm had revenue of $941.10 million for the quarter, compared to analysts’ expectations of $933.32 million. Platform Specialty Products Corporation had a negative net margin of 0.26% and a positive return on equity of 7.15%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. Equities analysts predict that Platform Specialty Products Corporation will post $0.79 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position in shares of Platform Specialty Products Corporation by 15.0% in the fourth quarter. Renaissance Technologies LLC now owns 215,200 shares of the specialty chemicals company’s stock valued at $2,111,000 after buying an additional 28,100 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Platform Specialty Products Corporation by 23.3% in the fourth quarter. Teachers Advisors LLC now owns 220,494 shares of the specialty chemicals company’s stock valued at $2,163,000 after buying an additional 41,652 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Platform Specialty Products Corporation by 4.4% in the first quarter. Bank of Montreal Can now owns 930,060 shares of the specialty chemicals company’s stock valued at $12,109,000 after buying an additional 39,496 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Platform Specialty Products Corporation during the first quarter valued at approximately $357,000. Finally, Columbus Circle Investors acquired a new position in shares of Platform Specialty Products Corporation during the first quarter valued at approximately $5,759,000. 94.98% of the stock is currently owned by institutional investors.

Analyst Recommendations for Platform Specialty Products Corporation (NYSE:PAH)

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