Platform Specialty Products Corp (NYSE:PAH) has been given a consensus recommendation of “Buy” by the eight brokerages that are covering the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $10.80.

PAH has been the topic of several recent research reports. Roth Capital set a $13.00 price target on shares of Platform Specialty Products Corp and gave the company a “buy” rating in a research report on Wednesday, September 14th. Barclays PLC lowered their price target 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. Nomura raised shares of Platform Specialty Products Corp from a “neutral” rating to a “buy” rating and decreased their target price for the company from $12.00 to $11.00 in a research report on Monday, November 7th. Finally, Citigroup Inc. assumed coverage on shares of Platform Specialty Products Corp in a research report on Thursday, July 28th. They issued a “buy” rating and a $11.00 target price on the stock.

Shares of Platform Specialty Products Corp (NYSE:PAH) opened at 8.79 on Friday. The stock has a 50 day moving average of $7.79 and a 200 day moving average of $8.73. The company’s market cap is $2.45 billion. Platform Specialty Products Corp has a 12-month low of $5.25 and a 12-month high of $13.96.

Platform Specialty Products Corp (NYSE:PAH) last released its earnings results on Friday, November 4th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03. Platform Specialty Products Corp had a negative net margin of 5.98% and a negative return on equity of 0.53%. The business earned $891 million during the quarter, compared to analyst estimates of $850.16 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 49.2% compared to the same quarter last year. Equities research analysts predict that Platform Specialty Products Corp will post $0.59 earnings per share for the current fiscal year.

In other Platform Specialty Products Corp news, Director Martin E. Franklin purchased 1,050,000 shares of Platform Specialty Products Corp stock in a transaction dated Friday, September 16th. The shares were acquired at an average price of $8.25 per share, with a total value of $8,662,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Diego Lopez Casanello purchased 4,000 shares of Platform Specialty Products Corp stock in a transaction dated Tuesday, November 8th. The shares were acquired at an average cost of $8.26 per share, for a total transaction of $33,040.00. Following the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $16,520. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Several hedge funds have recently modified their holdings of PAH. Stifel Financial Corp acquired a new stake in shares of Platform Specialty Products Corp during the second quarter valued at about $103,000. Ameriprise Financial Inc. acquired a new stake in shares of Platform Specialty Products Corp during the second quarter valued at about $106,000. Fox Run Management L.L.C. acquired a new stake in shares of Platform Specialty Products Corp during the third quarter valued at about $109,000. ProShare Advisors LLC boosted its stake in shares of Platform Specialty Products Corp by 22.4% in the third quarter. ProShare Advisors LLC now owns 15,051 shares of the company’s stock valued at $122,000 after buying an additional 2,754 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Platform Specialty Products Corp during the second quarter valued at about $126,000. 78.65% of the stock is currently owned by institutional investors and hedge funds.

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Platform Specialty Products Corp Company Profile

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