Platform Specialty Products Corp (PAH) Given Consensus Recommendation of “Hold” by Analysts
Shares of Platform Specialty Products Corp (NYSE:PAH) have earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.25.
Several research analysts recently commented on PAH shares. Zacks Investment Research upgraded shares of Platform Specialty Products from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. ValuEngine lowered shares of Platform Specialty Products from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. SunTrust Banks lowered shares of Platform Specialty Products from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Finally, UBS Group set a $14.00 price objective on shares of Platform Specialty Products and gave the stock a “buy” rating in a research note on Tuesday, January 29th.
Shares of NYSE PAH traded down $0.14 during trading hours on Wednesday, hitting $9.91. 2,729,166 shares of the stock were exchanged, compared to its average volume of 2,451,152. The company has a quick ratio of 2.00, a current ratio of 2.19 and a debt-to-equity ratio of 2.55. The firm has a market cap of $2.86 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 4.42 and a beta of 2.59. Platform Specialty Products has a 12 month low of $9.09 and a 12 month high of $13.54.
Institutional investors have recently modified their holdings of the business. PEAK6 Investments LLC acquired a new position in Platform Specialty Products during the 4th quarter valued at approximately $134,000. Vivaldi Capital Management LLC acquired a new stake in shares of Platform Specialty Products in the fourth quarter worth $139,000. Investors Research Corp increased its stake in shares of Platform Specialty Products by 7.5% in the fourth quarter. Investors Research Corp now owns 14,300 shares of the specialty chemicals company’s stock worth $148,000 after acquiring an additional 1,000 shares during the period. Raymond James Trust N.A. increased its stake in shares of Platform Specialty Products by 9.3% in the fourth quarter. Raymond James Trust N.A. now owns 15,441 shares of the specialty chemicals company’s stock worth $159,000 after acquiring an additional 1,312 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Platform Specialty Products by 12.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,481 shares of the specialty chemicals company’s stock worth $181,000 after acquiring an additional 1,997 shares during the period. Institutional investors and hedge funds own 94.50% of the company’s stock.
About Platform Specialty Products
Platform Specialty Products Corp. engages in the provision of technology chemical products and technical services. It operates its business through the Performance Solutions and Agricultural Solutions segments. The Performance Solutions segment formulates and markets chemistry solutions that are used in production, commercial packaging and printing, electronics, and oil and gas production and drilling.
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