Shares of Platform Specialty Products Corp. (NYSE:PAH) have been given a consensus recommendation of “Hold” by the eight brokerages that are covering the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $11.20.

Several brokerages recently commented on PAH. Nomura reaffirmed a “neutral” rating and set a $12.00 price target (up previously from $11.00) on shares of Platform Specialty Products Corp. in a research report on Tuesday, September 13th. Barclays PLC dropped their price target on shares of Platform Specialty Products Corp. from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 16th. Roth Capital began coverage on shares of Platform Specialty Products Corp. in a research report on Monday, August 22nd. They set a “buy” rating and a $12.00 price target for the company. Citigroup Inc. began coverage on shares of Platform Specialty Products Corp. in a research report on Thursday, July 28th. They set a “buy” rating and a $11.00 price target for the company. Finally, Zacks Investment Research lowered shares of Platform Specialty Products Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th.

Shares of Platform Specialty Products Corp. (NYSE:PAH) traded down 0.70% during trading on Friday, reaching $7.14. 1,007,444 shares of the company’s stock traded hands. Platform Specialty Products Corp. has a 1-year low of $5.25 and a 1-year high of $13.96. The company’s market capitalization is $1.64 billion. The stock has a 50-day moving average of $8.46 and a 200-day moving average of $8.99.

Platform Specialty Products Corp. (NYSE:PAH) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.04. The firm earned $922 million during the quarter, compared to analyst estimates of $887.71 million. Platform Specialty Products Corp. had a negative net margin of 12.86% and a negative return on equity of 1.80%. The business’s quarterly revenue was up 36.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. On average, equities analysts predict that Platform Specialty Products Corp. will post $0.57 EPS for the current fiscal year.

In other Platform Specialty Products Corp. news, Director Martin E. Franklin acquired 1,050,000 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Platform Specialty Products Corp. by 12.6% in the first quarter. Wellington Management Group LLP now owns 28,164,686 shares of the company’s stock valued at $242,216,000 after buying an additional 3,162,721 shares during the period. Bares Capital Management Inc. increased its position in shares of Platform Specialty Products Corp. by 7.0% in the second quarter. Bares Capital Management Inc. now owns 12,786,794 shares of the company’s stock valued at $113,547,000 after buying an additional 836,225 shares during the period. Capital World Investors increased its position in shares of Platform Specialty Products Corp. by 6.5% in the second quarter. Capital World Investors now owns 11,550,000 shares of the company’s stock valued at $102,564,000 after buying an additional 710,000 shares during the period. Vanguard Group Inc. increased its position in shares of Platform Specialty Products Corp. by 16.9% in the second quarter. Vanguard Group Inc. now owns 10,549,471 shares of the company’s stock valued at $93,680,000 after buying an additional 1,521,976 shares during the period. Finally, Janus Capital Management LLC increased its position in shares of Platform Specialty Products Corp. by 1.9% in the second quarter. Janus Capital Management LLC now owns 9,659,488 shares of the company’s stock valued at $85,777,000 after buying an additional 176,903 shares during the period. Institutional investors own 76.75% of the company’s stock.

About Platform Specialty Products Corp.

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