Platform Specialty Products Corporation (NYSE:PAH) has received an average recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $13.50.

PAH has been the topic of several recent analyst reports. Barclays dropped their price objective on Platform Specialty Products from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Zacks Investment Research raised Platform Specialty Products from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. ValuEngine cut Platform Specialty Products from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. UBS reissued a “buy” rating and issued a $17.00 target price (up from $16.00) on shares of Platform Specialty Products in a research report on Thursday, August 10th. Finally, Credit Suisse Group initiated coverage on Platform Specialty Products in a research report on Wednesday, November 15th. They issued a “neutral” rating and a $12.00 target price on the stock.

Large investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado lifted its position in shares of Platform Specialty Products by 1.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 43,242 shares of the specialty chemicals company’s stock valued at $548,000 after buying an additional 779 shares in the last quarter. Global Endowment Management LP lifted its position in shares of Platform Specialty Products by 7.6% during the 2nd quarter. Global Endowment Management LP now owns 41,300 shares of the specialty chemicals company’s stock valued at $524,000 after buying an additional 2,900 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Platform Specialty Products by 19.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,016 shares of the specialty chemicals company’s stock valued at $228,000 after buying an additional 2,975 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Platform Specialty Products by 2.9% during the 2nd quarter. Alliancebernstein L.P. now owns 111,450 shares of the specialty chemicals company’s stock valued at $1,413,000 after buying an additional 3,145 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Platform Specialty Products by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 402,094 shares of the specialty chemicals company’s stock valued at $5,099,000 after buying an additional 3,312 shares in the last quarter. 93.54% of the stock is currently owned by institutional investors and hedge funds.

Platform Specialty Products (NYSE PAH) traded up $0.02 during trading on Thursday, hitting $9.62. The company had a trading volume of 2,816,400 shares, compared to its average volume of 2,377,798. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.05 and a quick ratio of 1.55. Platform Specialty Products has a 12 month low of $9.11 and a 12 month high of $14.82. The stock has a market capitalization of $2,756.13, a PE ratio of 13.15, a PEG ratio of 1.02 and a beta of 3.19.

Platform Specialty Products (NYSE:PAH) last released its quarterly earnings data 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 analysts’ expectations of $912.19 million. During the same period last year, the business earned $0.14 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. research analysts anticipate that Platform Specialty Products will post 0.77 earnings per share for the current fiscal year.

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Platform Specialty Products Company Profile

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.

Analyst Recommendations for Platform Specialty Products (NYSE:PAH)

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