ValuEngine cut shares of Platform Specialty Products (NYSE:PAH) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Several other research firms have also commented on PAH. Barclays cut their target price on shares of Platform Specialty Products from $15.00 to $14.00 and set an equal weight rating for the company in a research note on Wednesday, October 11th. Zacks Investment Research upgraded shares of Platform Specialty Products from a sell rating to a hold rating in a research report on Saturday, August 12th. UBS restated a buy rating and issued a $17.00 price target (up previously from $16.00) on shares of Platform Specialty Products in a research report on Thursday, August 10th. Credit Suisse Group started coverage on shares of Platform Specialty Products in a research report on Wednesday, November 15th. They issued a neutral rating and a $12.00 price target for the company. Finally, BidaskClub downgraded shares of Platform Specialty Products from a hold rating to a sell rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Platform Specialty Products presently has a consensus rating of Hold and a consensus price target of $13.50.

Platform Specialty Products (NYSE PAH) traded down $0.35 during mid-day trading on Friday, reaching $9.60. 4,695,600 shares of the company traded hands, compared to its average volume of 2,375,444. Platform Specialty Products has a fifty-two week low of $9.11 and a fifty-two week high of $14.82. The firm has a market capitalization of $2,756.13, a price-to-earnings ratio of 13.15, a PEG ratio of 1.02 and a beta of 3.19. The company has a current ratio of 2.05, a quick ratio of 1.55 and a debt-to-equity ratio of 1.77.

Platform Specialty Products (NYSE:PAH) last released its earnings results on Thursday, November 2nd. The specialty chemicals company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Platform Specialty Products had a negative net margin of 4.12% and a positive return on equity of 7.45%. The business had revenue of $904.30 million for the quarter, compared to analyst estimates of $912.19 million. During the same period in the prior year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. equities analysts forecast that Platform Specialty Products will post 0.77 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. purchased a new stake in Platform Specialty Products in the 3rd quarter worth approximately $111,000. FNY Partners Fund LP lifted its position in Platform Specialty Products by 177.8% in 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 in the last quarter. Quantbot Technologies LP purchased a new stake in Platform Specialty Products in the 2nd quarter worth approximately $129,000. Bfsg LLC purchased a new stake in Platform Specialty Products in the 2nd quarter worth approximately $130,000. Finally, JPMorgan Chase & Co. lifted its position in Platform Specialty Products by 167.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,217 shares of the specialty chemicals company’s stock worth $193,000 after buying an additional 9,528 shares in the last quarter. Institutional investors own 93.54% of the company’s stock.

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About Platform Specialty Products

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.

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Analyst Recommendations for Platform Specialty Products (NYSE:PAH)

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