The stock of Platform Specialty Products Corp (NYSE:PAH) is a huge mover today! About 1.77 million shares traded hands. Platform Specialty Products Corp (NYSE:PAH) has declined 9.43% since March 15, 2016 and is downtrending. It has underperformed by 14.92% the S&P500.
The move comes after 8 months positive chart setup for the $1.96B company. It was reported on Oct, 18 by Barchart.com. We have $10.38 PT which if reached, will make NYSE:PAH worth $764.40M 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 $36.73 million for 13.34 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. The firm earned “Neutral” rating on Tuesday, September 13 by Nomura. TH Capital initiated the stock with “Buy” rating in Monday, August 22 report. Credit Suisse reinitiated the shares of PAH in a report on Monday, May 2 with “Neutral” rating. The company was maintained on Tuesday, August 16 by Barclays Capital. The rating was initiated by Bank of America with “Buy” on Wednesday, March 9. The company was reinitiated on Thursday, December 3 by Credit Suisse. On Wednesday, October 5 the stock rating was maintained by Barclays Capital with “Equal Weight”. The stock has “Buy” rating given by Roth Capital on Monday, August 22. As per Thursday, September 29, the company rating was maintained by UBS.
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 Q2 2016. Its up 0.25, from 1.04 in 2016Q1. The ratio improved, 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.
Northern owns 904,325 shares or 0% of their US portfolio. Kcg Inc accumulated 86,967 shares or 0.02% of the stock. Moreover, Amalgamated Bancorp has 0.01% invested in Platform Specialty Products Corp (NYSE:PAH) for 19,867 shares. Profund Advsr Limited Liability Corporation holds 0.01% or 15,488 shares in its portfolio. Reik And last reported 10,000 shares in the company. Wfg Lp reported 581 shares or 0% of all its holdings. Invesco Limited has 242,262 shares for 0% of their US portfolio. Moreover, Jane Street Group Limited Liability Corp has 0% invested in Platform Specialty Products Corp (NYSE:PAH) for 36,843 shares. State Street Corp last reported 1.52 million shares in the company. Sei Investments accumulated 135 shares or 0% of the stock. Wells Fargo & Mn last reported 0% of its portfolio in the stock. Sunbelt Secs Inc holds 0% or 909 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys accumulated 155,233 shares or 0% of the stock. Moreover, Stifel Corp has 0% invested in Platform Specialty Products Corp (NYSE:PAH) for 11,545 shares. Schwartz Counsel has 0.16% invested in the company for 256,000 shares.
Insider Transactions: Since September 16, 2016, the stock had 1 insider purchase, and 0 sales for $8.66 million net activity. FRANKLIN MARTIN E also bought $8.66 million worth of Platform Specialty Products Corp (NYSE:PAH) on Friday, September 16.
Another recent and important Platform Specialty Products Corp (NYSE:PAH) news was published by Seekingalpha.com which published an article titled: “Platform Specialty Products: Do You Dare?” on October 12, 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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