Analysts at Credit Suisse Group began coverage on shares of Platform Specialty Products Corporation (NYSE:PAH) in a research report issued on Wednesday. The firm set a “neutral” rating and a $12.00 price target on the specialty chemicals company’s stock. Credit Suisse Group’s price target points to a potential upside of 26.05% from the company’s previous close.

Several other brokerages have also weighed in on PAH. BidaskClub lowered shares of Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded shares of Platform Specialty Products Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. UBS AG reiterated a “buy” rating and set a $17.00 price objective (up from $16.00) on shares of Platform Specialty Products Corporation in a research note on Thursday, August 10th. Barclays PLC reduced their price objective on shares of Platform Specialty Products Corporation from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Finally, SunTrust Banks, Inc. upgraded shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $15.00 in a research note on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $13.50.

Shares of Platform Specialty Products Corporation (PAH) traded down $0.74 on Wednesday, hitting $9.52. 2,722,400 shares of the stock traded hands, compared to its average volume of 2,317,100. The company has a market capitalization of $2,945.62, a price-to-earnings ratio of 14.06, a PEG ratio of 1.09 and a beta of 3.27. Platform Specialty Products Corporation has a 52 week low of $8.37 and a 52 week high of $14.82. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.05 and a quick ratio of 1.55.

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

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In other Platform Specialty Products Corporation news, Director Ian G. H. Ashken bought 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $10.98 per share, for a total transaction of $494,100.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rakesh Sachdev bought 11,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average price of $11.06 per share, for a total transaction of $121,660.00. Following the completion of the transaction, the chief executive officer now owns 11,000 shares in the company, valued at $121,660. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 60,500 shares of company stock worth $664,865. 6.00% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new stake in Platform Specialty Products Corporation during the 3rd quarter worth approximately $111,000. FNY Partners Fund LP boosted its position in Platform Specialty Products Corporation by 177.8% during the 2nd quarter. FNY Partners Fund LP now owns 10,000 shares of the specialty chemicals company’s stock worth $126,000 after buying an additional 6,400 shares during the period. Quantbot Technologies LP acquired a new stake in Platform Specialty Products Corporation during the 2nd quarter worth approximately $129,000. Bfsg LLC bought a new position in Platform Specialty Products Corporation during the 2nd quarter worth approximately $130,000. Finally, First National Bank of Omaha bought a new position in Platform Specialty Products Corporation during the 2nd quarter worth approximately $134,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

About Platform Specialty Products Corporation

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 Corporation (NYSE:PAH)

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