Platform Specialty Products Corporation (PAH) Now Covered by Credit Suisse Group

Analysts at Credit Suisse Group began coverage on shares of Platform Specialty Products Corporation (NYSE:PAH) in a report issued on Wednesday. The brokerage set a “neutral” rating and a $12.00 price target on the specialty chemicals company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 20.12% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. SunTrust Banks, Inc. upgraded shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and upped their target price for the stock from $13.00 to $15.00 in a research report on Monday, September 18th. Zacks Investment Research cut shares of Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub cut shares of Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. UBS AG restated a “buy” rating and issued a $17.00 target price (up previously from $16.00) on shares of Platform Specialty Products Corporation in a research report on Thursday, August 10th. Finally, Barclays PLC decreased their target price on shares of 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Platform Specialty Products Corporation presently has an average rating of “Hold” and an average price target of $13.50.

Platform Specialty Products Corporation (NYSE:PAH) traded up $0.01 on Wednesday, reaching $9.99. 1,907,185 shares of the company traded hands, compared to its average volume of 2,318,333. Platform Specialty Products Corporation has a 52-week low of $8.45 and a 52-week high of $14.82. The company has a current ratio of 2.05, a quick ratio of 1.55 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $2,870.00, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 1.01 and a beta of 3.15.

Platform Specialty Products Corporation (NYSE:PAH) last posted 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 Corporation had a positive return on equity of 7.45% and a negative net margin of 4.12%. The firm 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 company posted $0.14 EPS. Platform Specialty Products Corporation’s revenue for the quarter was up 1.5% on a year-over-year basis. equities analysts anticipate that Platform Specialty Products Corporation will post 0.77 EPS for the current year.

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In other Platform Specialty Products Corporation news, EVP John Edward Capps bought 2,500 shares of Platform Specialty Products Corporation stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average cost of $10.77 per share, for a total transaction of $26,925.00. Following the completion of the acquisition, the executive vice president now owns 2,500 shares of the company’s stock, valued at approximately $26,925. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ian G. H. Ashken bought 45,000 shares of Platform Specialty Products Corporation stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $10.98 per share, with a total value of $494,100.00. The disclosure for this purchase can be found here. Insiders bought 60,500 shares of company stock valued at $664,865 over the last quarter. Insiders own 6.00% of the company’s stock.

Large investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new stake in Platform Specialty Products Corporation during the third quarter worth approximately $111,000. FNY Partners Fund LP boosted its holdings in Platform Specialty Products Corporation by 177.8% during the second 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 bought a new stake in Platform Specialty Products Corporation during the second quarter worth approximately $129,000. Bfsg LLC bought a new stake in Platform Specialty Products Corporation during the second quarter worth approximately $130,000. Finally, First National Bank of Omaha bought a new stake in Platform Specialty Products Corporation during the second quarter worth approximately $134,000. Hedge funds and other institutional investors own 93.91% 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.

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

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