Price Action Report: Platform Specialty Products Corp’s Stock Is Buy After Today’s Significant Increase

Price Action Report: Platform Specialty Products Corp's Stock Is Buy After Today's Significant Increase

The stock of Platform Specialty Products Corp (NYSE:PAH) is a huge mover today! The stock increased 4.05% or $0.36 during the last trading session, hitting $9.25. About 3.90M shares traded hands or 31.76% up from the average. Platform Specialty Products Corp (NYSE:PAH) has declined 13.44% since April 26, 2016 and is downtrending. It has underperformed by 18.70% the S&P500.
The move comes after 6 months positive chart setup for the $2.48B company. It was reported on Nov, 29 by Barchart.com. We have $9.99 PT which if reached, will make NYSE:PAH worth $198.40M more.

Analysts await Platform Specialty Products Corp (NYSE:PAH) to report earnings on March, 10. PAH’s profit will be $42.90 million for 14.45 P/E if the $0.16 EPS becomes a reality. After $0.14 actual EPS reported by Platform Specialty Products Corp for the previous quarter, Wall Street now forecasts 14.29% EPS growth.

Platform Specialty Products Corp (NYSE:PAH) Ratings Coverage

Out of 7 analysts covering Platform Specialty Products Corporation (NYSE:PAH), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Platform Specialty Products Corporation has been the topic of 17 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Nomura given on Monday, November 7. The rating was reinitiated by Credit Suisse with “Neutral” on Thursday, December 3. On Thursday, September 29 the stock rating was maintained by UBS with “Buy”. The stock of Platform Specialty Products Corp (NYSE:PAH) earned “Buy” rating by Roth Capital on Monday, August 22. The firm has “Buy” rating given on Wednesday, March 9 by Bank of America. The stock has “Neutral” rating given by Credit Suisse on Monday, May 2. The rating was maintained by Nomura on Tuesday, September 13 with “Neutral”. As per Tuesday, August 16, the company rating was maintained by Barclays Capital. TH Capital initiated Platform Specialty Products Corp (NYSE:PAH) on Monday, August 22 with “Buy” rating. On Wednesday, October 5 the stock rating was maintained by Barclays Capital with “Equal Weight”.

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 2.57 in 2016 Q2. Its up 1.28, from 1.29 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.
Morgan Stanley owns 2.15M shares or 0.01% of their US portfolio. Horizon Kinetics Lc accumulated 0.83% or 3.71 million shares. The New York-based Meru Cap Grp Inc L P has invested 0.21% in Platform Specialty Products Corp (NYSE:PAH). Rhumbline Advisers holds 108,940 shares or 0% of its portfolio. Wfg Advsrs Lp last reported 581 shares in the company. State Board Of Administration Of Florida Retirement Sys holds 0% or 155,233 shares in its portfolio. California Pub Employees Retirement System last reported 0% of its portfolio in the stock. Art Advsr Limited Liability last reported 0.01% of its portfolio in the stock. The California-based Blackrock Fund Advisors has invested 0% in Platform Specialty Products Corp (NYSE:PAH). The New York-based Springbok Capital Mgmt has invested 0% in Platform Specialty Products Corp (NYSE:PAH). Sei Invests Com last reported 0% of its portfolio in the stock. Kings Point Cap Mgmt holds 91,694 shares or 0.21% of its portfolio. Independent Invsts has invested 0.26% of its portfolio in Platform Specialty Products Corp (NYSE:PAH). Tower Rech Capital Lc (Trc) accumulated 2,662 shares or 0% of the stock. Moreover, Pecaut And has 1.33% invested in Platform Specialty Products Corp (NYSE:PAH) for 145,100 shares.

Insider Transactions: Since September 16, 2016, the stock had 2 insider purchases, and 1 insider sale for $11.37 million net activity. Another trade for 4,000 shares valued at $33,020 was made by Casanello Diego Lopez on Tuesday, November 8. Pershing Square Capital Management – L.P. also sold $20.07 million worth of Platform Specialty Products Corp (NYSE:PAH) on Thursday, November 10. 1.05 million shares with value of $8.66M were bought by FRANKLIN MARTIN E on Friday, September 16.

More recent Platform Specialty Products Corp (NYSE:PAH) news were published by: Globenewswire.com which released: “Platform Specialty Products Corporation Announces Closing of Public Offering …” on September 21, 2016. Also Globenewswire.com published the news titled: “Platform Specialty Products Corporation Announces Third Quarter of 2016 …” on November 04, 2016. Seekingalpha.com‘s news article titled: “Platform Specialty Products: Few Reasons For Confidence” with publication date: September 16, 2016 was also an interesting one.

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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