Platform Specialty Products Corporation (NYSE:PAH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.

According to Zacks, “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. “

A number of other research analysts have also recently commented on PAH. UBS AG reissued a “buy” rating and set a $17.00 target price (up from $16.00) on shares of Platform Specialty Products Corporation in a research report on Thursday. Instinet reduced their target price on shares of Platform Specialty Products Corporation to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, June 13th. ValuEngine raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Nomura reissued a “buy” rating and set a $16.00 target price on shares of Platform Specialty Products Corporation in a research report on Tuesday, May 9th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $13.10.

Shares of Platform Specialty Products Corporation (PAH) opened at 12.90 on Friday. The firm’s 50-day moving average is $13.20 and its 200-day moving average is $13.02. The firm’s market capitalization is $3.69 billion. Platform Specialty Products Corporation has a 12-month low of $6.85 and a 12-month high of $14.82.

Platform Specialty Products Corporation (NYSE:PAH) last posted its earnings results on Wednesday, August 9th. The specialty chemicals company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Platform Specialty Products Corporation had a negative net margin of 0.26% and a positive return on equity of 7.12%. The business had revenue of $941.10 million for the quarter, compared to analysts’ expectations of $933.32 million. During the same period in the previous year, the company posted $0.16 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Platform Specialty Products Corporation will post $0.79 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. NEXT Financial Group Inc boosted its stake in Platform Specialty Products Corporation by 3.1% in the first quarter. NEXT Financial Group Inc now owns 9,840 shares of the specialty chemicals company’s stock valued at $139,000 after buying an additional 300 shares in the last quarter. IndexIQ Advisors LLC boosted its stake in Platform Specialty Products Corporation by 0.7% in the first quarter. IndexIQ Advisors LLC now owns 51,182 shares of the specialty chemicals company’s stock valued at $666,000 after buying an additional 377 shares in the last quarter. ProShare Advisors LLC boosted 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. Public Employees Retirement Association of Colorado boosted its stake in Platform Specialty Products Corporation by 1.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 43,242 shares of the specialty chemicals company’s stock valued at $548,000 after buying an additional 779 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Platform Specialty Products Corporation by 2.9% in the first quarter. Amalgamated Bank now owns 27,979 shares of the specialty chemicals company’s stock valued at $364,000 after buying an additional 787 shares in the last quarter. 94.98% of the stock is currently owned by hedge funds and other institutional investors.

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

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