Analysts Set Platform Specialty Products Corporation (NYSE:PAH) Price Target at $12.22

Platform Specialty Products Corporation (NYSE:PAH) has been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $12.22.

A number of equities research analysts have recently weighed in on the company. Instinet lifted their price objective on Platform Specialty Products Corporation from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Nomura reiterated a “buy” rating and issued a $16.00 price objective on shares of Platform Specialty Products Corporation in a research report on Tuesday, May 9th. Zacks Investment Research upgraded Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Wednesday, May 10th. Finally, ValuEngine upgraded Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th.

Several large investors have recently added to or reduced their stakes in PAH. Hennessy Advisors Inc. purchased a new stake in Platform Specialty Products Corporation during the first quarter valued at $4,005,000. Russell Investments Group Ltd. raised its stake in Platform Specialty Products Corporation by 36.0% in the first quarter. Russell Investments Group Ltd. now owns 3,460,751 shares of the specialty chemicals company’s stock valued at $45,067,000 after buying an additional 915,360 shares in the last quarter. ProShare Advisors LLC raised its stake in Platform Specialty Products Corporation by 2.8% in the first quarter. ProShare Advisors LLC now owns 16,403 shares of the specialty chemicals company’s stock valued at $214,000 after buying an additional 448 shares in the last quarter. Reik & CO. LLC raised its stake in Platform Specialty Products Corporation by 25.0% in the first quarter. Reik & CO. LLC now owns 12,500 shares of the specialty chemicals company’s stock valued at $163,000 after buying an additional 2,500 shares in the last quarter. Finally, Nationwide Fund Advisors purchased a new stake in Platform Specialty Products Corporation during the first quarter valued at $491,000. Institutional investors own 94.98% of the company’s stock.

Shares of Platform Specialty Products Corporation (PAH) traded down 5.68% during trading on Friday, reaching $12.96. The company’s stock had a trading volume of 7,953,663 shares. The stock’s market cap is $3.71 billion. The stock’s 50 day moving average price is $13.07 and its 200-day moving average price is $12.94. Platform Specialty Products Corporation has a 52-week low of $6.85 and a 52-week high of $14.82.

Platform Specialty Products Corporation (NYSE:PAH) last issued its quarterly earnings data on Wednesday, August 9th. The specialty chemicals company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The firm had revenue of $941.10 million for the quarter, compared to analyst estimates of $933.32 million. Platform Specialty Products Corporation had a return on equity of 6.77% and a net margin of 1.18%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. Equities analysts anticipate that Platform Specialty Products Corporation will post $0.79 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This article was first posted by Rincon Hill News and is the sole property of of Rincon Hill News. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://rinconhillneighbors.org/2017/08/19/analysts-set-platform-specialty-products-corporation-nysepah-price-target-at-12-22-updated.html.

Platform Specialty Products Corporation Company Profile

Analyst Recommendations for Platform Specialty Products Corporation (NYSE:PAH)

Receive News & Ratings for Platform Specialty Products Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Platform Specialty Products Corporation and related companies with our FREE daily email newsletter.

 

Latest News



Leave a Reply

 
© 2006-2017 Rincon Hill News.