The stock of Platform Specialty Products Corp (NYSE:PAH) is a huge mover today! About 2.31M shares traded hands. Platform Specialty Products Corp (NYSE:PAH) has declined 12.36% since March 7, 2016 and is downtrending. It has underperformed by 19.96% the S&P500.
The move comes after 6 months positive chart setup for the $1.97B company. It was reported on Oct, 10 by Barchart.com. We have $9.70 PT which if reached, will make NYSE:PAH worth $591.00 million more.
Analysts await Platform Specialty Products Corp (NYSE:PAH) to report earnings on November, 8. They expect $0.14 earnings per share, up 133.33% or $0.08 from last year’s $0.06 per share. PAH’s profit will be $36.97M for 13.32 P/E if the $0.14 EPS becomes a reality. After $0.16 actual earnings per share 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 16 analyst reports since August 17, 2015 according to StockzIntelligence Inc. As per Thursday, December 3, the company rating was reinitiated by Credit Suisse. The stock of Platform Specialty Products Corp (NYSE:PAH) has “Equal-Weight” rating given on Tuesday, August 16 by Barclays Capital. Credit Suisse reinitiated Platform Specialty Products Corp (NYSE:PAH) rating on Monday, May 2. Credit Suisse has “Neutral” rating and $10 price target. The firm has “Buy” rating by TH Capital given on Monday, August 22. Nomura maintained Platform Specialty Products Corp (NYSE:PAH) on Tuesday, September 13 with “Neutral” rating. On Thursday, September 29 the stock rating was maintained by UBS with “Buy”. The company was initiated on Monday, August 22 by Roth Capital. The stock of Platform Specialty Products Corp (NYSE:PAH) earned “Equal Weight” rating by Barclays Capital on Wednesday, October 5. As per Wednesday, March 9, the company rating was initiated by Bank of America.
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.
Blackrock Advisors Ltd Limited Liability Company accumulated 0.01% or 719,019 shares. Deutsche Bancorp Ag, a Germany-based fund reported 644,124 shares. Guggenheim Capital Limited Liability Company holds 0% of its portfolio in Platform Specialty Products Corp (NYSE:PAH) for 70,702 shares. Ariel Capital Advsr Limited Liability Co last reported 11,000 shares in the company. Meru Gp L P owns 68,850 shares or 0.21% of their US portfolio. Pacad Investment Limited accumulated 32,600 shares or 0.04% of the stock. Rs Investment Mngmt Limited Liability last reported 15,010 shares in the company. Wells Fargo And Co Mn reported 163,363 shares or 0% of all its holdings. Pecaut And reported 145,100 shares or 1.33% of all its holdings. Fincl Bank Of Montreal Can accumulated 0.01% or 863,892 shares. Babson Capital Mngmt Limited Co owns 84,050 shares or 0.02% of their US portfolio. Private Mngmt Inc has 1.48M shares for 0.86% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 5,139 shares or 0% of all its holdings. Corvex Mgmt Lp has invested 1.72% of its portfolio in Platform Specialty Products Corp (NYSE:PAH). Teachers Advisors Inc holds 0% or 162,145 shares in its portfolio.
Insider Transactions: Since September 16, 2016, the stock had 1 buy, and 0 selling transactions for $8.66 million net activity. On Friday, September 16 the insider FRANKLIN MARTIN E bought $8.66M.
More news for Platform Specialty Products Corp (NYSE:PAH) were recently published by: Globenewswire.com, which released: “Platform Specialty Products Corporation Announces Closing of Public Offering …” on September 21, 2016. Globenewswire.com‘s article titled: “Platform Specialty Products Corporation Announces Launch of Public Offering of …” and published on September 15, 2016 is yet another important article.
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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