BidaskClub downgraded shares of Platform Specialty Products Corporation (NYSE:PAH) from a hold rating to a sell rating in a research report report published on Saturday morning.

Several other brokerages have also commented on PAH. Zacks Investment Research raised Platform Specialty Products Corporation from a sell rating to a hold rating in a research note on Saturday. UBS AG reissued a buy rating and set a $17.00 price target (up previously from $16.00) on shares of Platform Specialty Products Corporation in a research note on Thursday, August 10th. Instinet decreased their price target on Platform Specialty Products Corporation to $14.00 and set a buy rating on the stock in a research note on Tuesday, June 13th. Nomura reissued a buy rating and set a $16.00 price target on shares of Platform Specialty Products Corporation in a research note on Tuesday, May 9th. Finally, ValuEngine raised Platform Specialty Products Corporation from a hold rating to a buy rating in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Platform Specialty Products Corporation presently has an average rating of Buy and an average price target of $13.10.

Platform Specialty Products Corporation (NYSE:PAH) opened at 12.60 on Friday. The firm’s 50 day moving average price is $13.20 and its 200-day moving average price is $13.05. Platform Specialty Products Corporation has a one year low of $6.85 and a one year high of $14.82. The firm’s market cap is $3.61 billion.

Platform Specialty Products Corporation (NYSE:PAH) last announced its quarterly earnings results on Wednesday, August 9th. The specialty chemicals company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $941.10 million for the quarter, compared to analyst estimates of $933.32 million. Platform Specialty Products Corporation had a positive return on equity of 7.15% and a negative net margin of 0.26%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 EPS. Equities analysts predict that Platform Specialty Products Corporation will post $0.79 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the stock. FMR LLC raised its stake in Platform Specialty Products Corporation by 12.7% in the second quarter. FMR LLC now owns 22,055,440 shares of the specialty chemicals company’s stock worth $279,663,000 after buying an additional 2,483,623 shares during the last quarter. Vanguard Group Inc. raised its stake in Platform Specialty Products Corporation by 4.6% in the second quarter. Vanguard Group Inc. now owns 16,082,464 shares of the specialty chemicals company’s stock worth $203,926,000 after buying an additional 711,500 shares during the last quarter. Glenview Capital Management LLC raised its stake in Platform Specialty Products Corporation by 17.9% in the second quarter. Glenview Capital Management LLC now owns 13,203,633 shares of the specialty chemicals company’s stock worth $167,422,000 after buying an additional 2,000,000 shares during the last quarter. Capital World Investors raised its stake in Platform Specialty Products Corporation by 13.1% in the second quarter. Capital World Investors now owns 12,080,829 shares of the specialty chemicals company’s stock worth $153,185,000 after buying an additional 1,398,319 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Platform Specialty Products Corporation by 20,109.1% in the first quarter. BlackRock Inc. now owns 10,392,944 shares of the specialty chemicals company’s stock worth $135,317,000 after buying an additional 10,341,517 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Recommendations for Platform Specialty Products Corporation (NYSE:PAH)

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