The stock of Platform Specialty Products Corp (NYSE:PAH) is a huge mover today! The stock decreased 3.21% or $0.26 during the last trading session, hitting $7.85. About 3.66M shares traded hands or 27.53% up from the average. Platform Specialty Products Corp (NYSE:PAH) has risen 13.60% since March 1, 2016 and is uptrending. It has outperformed by 1.39% the S&P500.
The move comes after 9 months negative chart setup for the $2.21B company. It was reported on Oct, 4 by Barchart.com. We have $7.14 PT which if reached, will make NYSE:PAH worth $198.90 million less.
Analysts await Platform Specialty Products Corp (NYSE:PAH) to report earnings on November, 8. They expect $0.14 EPS, up 133.33% or $0.08 from last year’s $0.06 per share. PAH’s profit will be $39.41 million for 14.02 P/E if the $0.14 EPS becomes a reality. After $0.16 actual EPS reported by Platform Specialty Products Corp for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.
Platform Specialty Products Corp (NYSE:PAH) Ratings Coverage
Out of 7 analysts covering Platform Specialty Products Corporation (NYSE:PAH), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Platform Specialty Products Corporation has been the topic of 15 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Bank of America initiated Platform Specialty Products Corp (NYSE:PAH) on Wednesday, March 9 with “Buy” rating. Credit Suisse reinitiated Platform Specialty Products Corp (NYSE:PAH) rating on Monday, May 2. Credit Suisse has “Neutral” rating and $10 price target. TH Capital initiated Platform Specialty Products Corp (NYSE:PAH) on Monday, August 22 with “Buy” rating. The firm has “Buy” rating given on Thursday, September 29 by UBS. The rating was initiated by Roth Capital with “Buy” on Monday, August 22. On Thursday, December 3 the stock rating was reinitiated by Credit Suisse with “Neutral”. Barclays Capital maintained the shares of PAH in a report on Tuesday, August 16 with “Equal-Weight” rating. Nomura maintained the shares of PAH in a report on Tuesday, September 13 with “Neutral” rating.
According to Zacks Investment Research, “Platform Specialty Products Corporation is a producer of high technology specialty chemical products as well as technical services. The company serves electronics, metal and plastic plating, graphic arts, and offshore oil production and drilling industries. Platform Specialty Products Corporation is headquartered in Miami, United States.”
Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.25, from 1.04 in 2016Q1. The ratio increased, as 31 funds sold all Platform Specialty Products Corp shares owned while 31 reduced positions. 23 funds bought stakes while 57 increased positions. They now own 187.56 million shares or 2.18% less from 191.75 million shares in 2016Q1.
Invesco Ltd has invested 0% of its portfolio in Platform Specialty Products Corp (NYSE:PAH). Janus Cap Mngmt Limited Liability has invested 0.07% of its portfolio in Platform Specialty Products Corp (NYSE:PAH). Kcg Holdings Inc accumulated 0.02% or 86,967 shares. Crescent Park Management Limited Partnership accumulated 1.63 million shares or 3.17% of the stock. Raymond James Financial Serv Advsrs Inc, a Florida-based fund reported 10,842 shares. Blackrock accumulated 50,389 shares or 0% of the stock. Great West Life Assurance Can owns 16,629 shares or 0% of their US portfolio. Kamunting Street Lp holds 0.82% of its portfolio in Platform Specialty Products Corp (NYSE:PAH) for 40,291 shares. Blackrock Grp Incorporated Limited has 0% invested in the company for 625,550 shares. Ariel Advisors Limited Liability Corp has 11,000 shares for 0.06% of their US portfolio. Commercial Bank Of Montreal Can has 0.01% invested in the company for 863,892 shares. Moreover, Vanguard Grp Incorporated has 0.01% invested in Platform Specialty Products Corp (NYSE:PAH) for 10.55 million shares. Gam Hldg Ag holds 242,781 shares or 0.03% of its portfolio. North Star Invest Mgmt last reported 0% of its portfolio in the stock. Mad River Investors last reported 251,850 shares in the company.
Insider Transactions: Since September 16, 2016, the stock had 1 insider buy, and 0 selling transactions for $8.66 million net activity. FRANKLIN MARTIN E had bought 1.05M shares worth $8.66 million on Friday, September 16.
More notable recent Platform Specialty Products Corp (NYSE:PAH) news were published by: Globenewswire.com which released: “Platform Specialty Products Corporation to Attend Credit Suisse Basic …” on September 09, 2016, also Valuewalk.com with their article: “What’s Going On With Platform Specialty Products Corp (PAH)?” published on February 02, 2016, Globenewswire.com published: “Platform Specialty Products Corporation Announces Closing of Public Offering …” on September 21, 2016. More interesting news about Platform Specialty Products Corp (NYSE:PAH) were released by: Moodys.com and their article: “Moody’s rates Platform Specialty’s debt B2 following proposed repricing …” published on October 03, 2016 as well as Finance.Yahoo.com‘s news article titled: “Platform Specialty Products Corporation to Host 2016 Investor and Analyst Day” with publication date: August 29, 2016.
PAH Company Profile
Platform Specialty Products Corporation (Platform), incorporated on January 22, 2014, is a producer of specialty chemical products and well-known provider of technical services. The Firm operates in two divisions: Performance Solutions and Agricultural Solutions.
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