Analysts Set Platform Specialty Products Corp (PAH) Target Price at $14.14

Shares of Platform Specialty Products Corp (NYSE:PAH) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $14.14.

Several analysts recently commented on PAH shares. Zacks Investment Research raised shares of Platform Specialty Products from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. ValuEngine lowered shares of Platform Specialty Products from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Platform Specialty Products by 69.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,365 shares of the specialty chemicals company’s stock valued at $113,000 after purchasing an additional 4,662 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Platform Specialty Products by 0.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 834,065 shares of the specialty chemicals company’s stock valued at $9,300,000 after acquiring an additional 5,621 shares during the period. California Public Employees Retirement System raised its holdings in shares of Platform Specialty Products by 1.5% during the third quarter. California Public Employees Retirement System now owns 445,400 shares of the specialty chemicals company’s stock valued at $4,966,000 after acquiring an additional 6,500 shares during the period. Swiss National Bank raised its holdings in shares of Platform Specialty Products by 2.0% during the fourth quarter. Swiss National Bank now owns 390,689 shares of the specialty chemicals company’s stock valued at $3,876,000 after acquiring an additional 7,800 shares during the period. Finally, Lapides Asset Management LLC raised its holdings in shares of Platform Specialty Products by 2.6% during the fourth quarter. Lapides Asset Management LLC now owns 324,700 shares of the specialty chemicals company’s stock valued at $3,221,000 after acquiring an additional 8,100 shares during the period. 92.62% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:PAH opened at $9.71 on Wednesday. Platform Specialty Products has a twelve month low of $9.09 and a twelve month high of $14.82. The company has a market capitalization of $2,724.75, a PE ratio of 12.78, a P/E/G ratio of 0.68 and a beta of 3.15. The company has a quick ratio of 1.69, a current ratio of 2.14 and a debt-to-equity ratio of 1.90.

Platform Specialty Products (NYSE:PAH) last released its earnings results on Tuesday, February 27th. The specialty chemicals company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Platform Specialty Products had a negative net margin of 7.84% and a positive return on equity of 7.69%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $978.56 million. During the same period in the prior year, the business earned $0.20 earnings per share. The business’s quarterly revenue was up 12.5% on a year-over-year basis. equities analysts forecast that Platform Specialty Products will post 0.99 earnings per share for the current year.

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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.

Analyst Recommendations for Platform Specialty Products (NYSE:PAH)

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