News coverage about Platform Specialty Products (NYSE:PAH) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Platform Specialty Products earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the specialty chemicals company an impact score of 45.7041841015155 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Platform Specialty Products Corporation (PAH) Expected to Post Earnings of $0.24 Per Share (americanbankingnews.com)
- These stock’s have rarely let down their investors: Snap Inc., (NYSE: SNAP), Platform Specialty Products Corporation … – Stocks In The News (press release) (tradingnewsnow.com)
- Platform Specialty Products Corporation Announces Final Results of Cash Tender Offer and Consent Solicitation for,… (culthub.com)
- Platform Specialty Products Corporation Announces Final Results of Cash Tender Offer and Consent Solicitation for … – GlobeNewswire (press release) (globenewswire.com)
- Platform Specialty Products Corporation Announces Final Results of… (menafn.com)
A number of equities research analysts have issued reports on the company. ValuEngine downgraded Platform Specialty Products from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Barclays cut their price target on 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 downgraded Platform Specialty Products from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. SunTrust Banks restated a “buy” rating and set a $15.00 price target on shares of Platform Specialty Products in a research note on Friday, November 3rd. Finally, Credit Suisse Group assumed coverage on Platform Specialty Products in a research note on Wednesday, November 15th. They set a “neutral” rating and a $12.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.50.
Platform Specialty Products (NYSE PAH) traded down $0.05 during mid-day trading on Wednesday, hitting $9.46. The stock had a trading volume of 2,295,423 shares, compared to its average volume of 2,385,334. Platform Specialty Products has a 12-month low of $9.11 and a 12-month 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 stock has a market cap of $2,718.81, a PE ratio of 12.97, a P/E/G ratio of 1.01 and a beta of 3.19.
Platform Specialty Products (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 Zacks’ 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 company had revenue of $904.30 million for the quarter, compared to analysts’ expectations of $912.19 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue 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.
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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