Headlines about Platform Specialty Products (NYSE:PAH) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Platform Specialty Products earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the specialty chemicals company an impact score of 45.3067860318959 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
PAH has been the subject of several research reports. SunTrust Banks raised Platform Specialty Products from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $15.00 in a report on Monday, September 18th. Credit Suisse Group began coverage on Platform Specialty Products in a report on Wednesday, November 15th. They issued a “neutral” rating and a $12.00 price target for the company. Zacks Investment Research lowered Platform Specialty Products from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. ValuEngine lowered Platform Specialty Products from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Barclays lowered their price objective on Platform Specialty Products from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $13.50.
Shares of Platform Specialty Products (PAH) traded up $0.17 during trading hours on Friday, hitting $11.66. The stock had a trading volume of 4,505,154 shares, compared to its average volume of 5,124,553. Platform Specialty Products has a 52-week low of $9.11 and a 52-week high of $14.82. The company has a market capitalization of $3,298.75, a PE ratio of -22.00, a P/E/G ratio of 0.84 and a beta of 3.19. The company has a quick ratio of 1.55, a current ratio of 2.05 and a debt-to-equity ratio of 1.77.
Platform Specialty Products (NYSE:PAH) last posted its earnings results on Thursday, November 2nd. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The business had revenue of $904.30 million during the quarter, compared to the consensus estimate of $912.19 million. Platform Specialty Products had a positive return on equity of 7.45% and a negative net margin of 4.12%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share. research analysts expect that Platform Specialty Products will post 0.77 EPS for the current fiscal year.
In other news, insider Diego Lopez Casanello acquired 4,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were acquired at an average cost of $9.91 per share, with a total value of $39,640.00. Following the transaction, the insider now owns 15,000 shares in the company, valued at approximately $148,650. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Martin E. Franklin acquired 164,467 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were purchased at an average cost of $9.57 per share, for a total transaction of $1,573,949.19. The disclosure for this purchase can be found here. Insiders purchased 669,467 shares of company stock worth $6,453,139 over the last three months. 5.20% of the stock is owned by insiders.
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About Platform Specialty Products
Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.
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