Press coverage about Platform Specialty Products Corporation (NYSE:PAH) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Platform Specialty Products Corporation earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the specialty chemicals company an impact score of 46.2992051645118 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- Platform Specialty Products Corporation Announces Pricing of Senior Notes Offering (finance.yahoo.com)
- Platform Specialty Products Corporation — Moody’s Publishes Covenant Quality Assessment for Platform Specialty Products Corporation Bond Offering (finance.yahoo.com)
- Zacks: Brokerages Expect Platform Specialty Products Corporation (PAH) Will Announce Quarterly Sales of $990.05 Million (americanbankingnews.com)
- BRIEF-Platform Specialty Products commences tender offer of senior notes (reuters.com)
- Platform Specialty Products Corp. :PAH-US: Earnings Analysis: Q3, 2017 By the Numbers : November 7, 2017 (finance.yahoo.com)
Shares of Platform Specialty Products Corporation (NYSE PAH) traded down $0.07 on Friday, hitting $10.17. The stock had a trading volume of 1,773,300 shares, compared to its average volume of 2,472,046. The company has a quick ratio of 1.55, a current ratio of 2.05 and a debt-to-equity ratio of 1.77. Platform Specialty Products Corporation has a fifty-two week low of $8.37 and a fifty-two week high of $14.82. The firm has a market cap of $2,919.78, a P/E ratio of 13.93, a P/E/G ratio of 1.08 and a beta of 3.27.
Platform Specialty Products Corporation (NYSE:PAH) last posted its quarterly earnings data on Thursday, November 2nd. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Platform Specialty Products Corporation had a positive return on equity of 7.45% and a negative net margin of 4.12%. The company had revenue of $904.30 million during the quarter, compared to the consensus estimate of $912.19 million. During the same quarter last year, the firm earned $0.14 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. sell-side analysts anticipate that Platform Specialty Products Corporation will post 0.77 EPS for the current fiscal year.
Several analysts have recently commented on PAH shares. Barclays PLC decreased their target price on Platform Specialty Products Corporation from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. SunTrust Banks, Inc. reissued a “buy” rating and set a $15.00 price objective on shares of Platform Specialty Products Corporation in a research report on Friday, November 3rd. UBS AG restated a “buy” rating and set a $17.00 target price (up from $16.00) on shares of Platform Specialty Products Corporation in a report on Thursday, August 10th. BidaskClub lowered Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research upgraded Platform Specialty Products Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Platform Specialty Products Corporation presently has a consensus rating of “Hold” and an average price target of $13.50.
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In other news, EVP John Edward Capps acquired 2,500 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average price of $10.77 per share, for a total transaction of $26,925.00. Following the transaction, the executive vice president now directly owns 2,500 shares in the company, valued at $26,925. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rakesh Sachdev acquired 11,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average price of $11.06 per share, with a total value of $121,660.00. Following the transaction, the chief executive officer now owns 11,000 shares in the company, valued at $121,660. The disclosure for this purchase can be found here. Insiders have acquired a total of 60,500 shares of company stock valued at $664,865 in the last quarter. Corporate insiders own 6.00% of the company’s stock.
About Platform Specialty Products Corporation
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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