Shares of Platform Specialty Products Corp (NYSE:PAH) have been given an average rating of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $13.00.

A number of research analysts have recently commented on PAH shares. ValuEngine downgraded shares of Platform Specialty Products from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Zacks Investment Research raised shares of Platform Specialty Products from a “sell” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, Citigroup downgraded shares of Platform Specialty Products from a “buy” rating to a “neutral” rating and upped their price objective for the company from $13.00 to $14.00 in a research note on Wednesday, September 19th.

Shares of PAH stock opened at $11.84 on Friday. Platform Specialty Products has a twelve month low of $9.09 and a twelve month high of $13.54. The stock has a market capitalization of $3.35 billion, a P/E ratio of 15.58, a PEG ratio of 7.56 and a beta of 2.71. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.19 and a quick ratio of 2.00.

Platform Specialty Products (NYSE:PAH) last announced its earnings results on Thursday, November 1st. The specialty chemicals company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Platform Specialty Products had a negative net margin of 14.14% and a positive return on equity of 8.48%. The firm had revenue of $488.50 million during the quarter, compared to the consensus estimate of $500.69 million. During the same quarter in the previous year, the company posted $0.02 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts expect that Platform Specialty Products will post 0.14 EPS for the current year.

In other news, Director Martin E. Franklin bought 549,000 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was acquired at an average price of $10.97 per share, for a total transaction of $6,022,530.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Martin E. Franklin bought 54,000 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The shares were purchased at an average price of $10.75 per share, with a total value of $580,500.00. The disclosure for this purchase can be found here. Insiders have bought a total of 1,269,250 shares of company stock valued at $13,810,313 in the last quarter. Company insiders own 5.40% of the company’s stock.

Several large investors have recently modified their holdings of PAH. BlackRock Inc. grew its holdings in shares of Platform Specialty Products by 7.8% during the 2nd quarter. BlackRock Inc. now owns 15,180,433 shares of the specialty chemicals company’s stock worth $176,095,000 after purchasing an additional 1,102,550 shares during the period. Private Management Group Inc. grew its holdings in shares of Platform Specialty Products by 10.0% during the 2nd quarter. Private Management Group Inc. now owns 2,247,280 shares of the specialty chemicals company’s stock worth $26,068,000 after purchasing an additional 204,577 shares during the period. FMR LLC boosted its holdings in Platform Specialty Products by 17.2% in the 2nd quarter. FMR LLC now owns 30,966,786 shares of the specialty chemicals company’s stock worth $359,215,000 after acquiring an additional 4,533,865 shares during the period. Renaissance Technologies LLC boosted its holdings in Platform Specialty Products by 2,459.4% in the 2nd quarter. Renaissance Technologies LLC now owns 504,200 shares of the specialty chemicals company’s stock worth $5,849,000 after acquiring an additional 484,500 shares during the period. Finally, Raymond James & Associates boosted its holdings in Platform Specialty Products by 7.5% in the 2nd quarter. Raymond James & Associates now owns 261,558 shares of the specialty chemicals company’s stock worth $3,034,000 after acquiring an additional 18,249 shares during the period. Institutional investors and hedge funds own 94.50% of the company’s stock.

About Platform Specialty Products

Platform Specialty Products Corporation produces and sells specialty chemical products worldwide. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers a range of specialty chemicals, such as surface and coating materials, functional conversion coatings, electronic assembly materials, water-based hydraulic control fluids, and photopolymers.

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