Nomura upgraded shares of Platform Specialty Products Corp. (NYSE:PAH) from a neutral rating to a buy rating in a report published on Monday. The firm currently has $11.00 target price on the stock, down from their prior target price of $12.00.

PAH has been the topic of several other reports. Roth Capital set a $13.00 price objective on shares of Platform Specialty Products Corp. and gave the stock a buy rating in a research report on Wednesday, September 14th. Barclays PLC lowered their price objective on shares of Platform Specialty Products Corp. from $12.00 to $11.00 and set an equal weight rating on the stock in a research report on Tuesday, August 16th. Zacks Investment Research cut shares of Platform Specialty Products Corp. from a hold rating to a sell rating in a research report on Wednesday, October 5th. Finally, 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 objective on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $10.80.

Analyst Recommendations for Platform Specialty Products Corp. (NYSE:PAH)

Shares of Platform Specialty Products Corp. (NYSE:PAH) opened at 8.68 on Monday. Platform Specialty Products Corp. has a one year low of $5.25 and a one year high of $13.96. The company has a 50-day moving average price of $7.73 and a 200 day moving average price of $8.81. The firm’s market capitalization is $2.41 billion.

Platform Specialty Products Corp. (NYSE:PAH) last posted its quarterly earnings results on Friday, November 4th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The firm had revenue of $891 million for the quarter, compared to analyst estimates of $850.16 million. Platform Specialty Products Corp. had a negative net margin of 5.98% and a negative return on equity of 0.56%. The firm’s quarterly revenue was up 49.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. Analysts expect that Platform Specialty Products Corp. will post $0.58 earnings per share for the current fiscal year.

In other Platform Specialty Products Corp. news, insider Diego Lopez Casanello acquired 4,000 shares of Platform Specialty Products Corp. stock in a transaction that occurred on Tuesday, November 8th. The stock was acquired at an average price of $8.26 per share, with a total value of $33,040.00. Following the purchase, the insider now owns 2,000 shares in the company, valued at $16,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin E. Franklin acquired 1,050,000 shares of Platform Specialty Products Corp. stock in a transaction that occurred on Friday, September 16th. The stock was acquired at an average cost of $8.25 per share, with a total value of $8,662,500.00. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in PAH. Northern Trust Corp raised its stake in Platform Specialty Products Corp. by 17.4% in the third quarter. Northern Trust Corp now owns 1,061,614 shares of the company’s stock valued at $8,610,000 after buying an additional 157,289 shares during the last quarter. Emerald Acquisition Ltd. raised its stake in Platform Specialty Products Corp. by 42.6% in the third quarter. Emerald Acquisition Ltd. now owns 2,641,855 shares of the company’s stock valued at $21,422,000 after buying an additional 788,896 shares during the last quarter. California State Teachers Retirement System raised its stake in Platform Specialty Products Corp. by 19.7% in the third quarter. California State Teachers Retirement System now owns 427,482 shares of the company’s stock valued at $3,467,000 after buying an additional 70,300 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Platform Specialty Products Corp. by 1,276.1% in the third quarter. Tower Research Capital LLC TRC now owns 36,632 shares of the company’s stock valued at $297,000 after buying an additional 33,970 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Platform Specialty Products Corp. by 3.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,968,693 shares of the company’s stock valued at $32,186,000 after buying an additional 128,566 shares during the last quarter. 76.81% of the stock is owned by institutional investors and hedge funds.

5 Day Chart for NYSE:PAH

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