Notable Runner: Platform Specialty Products Corp Rises A lot Today, Is Now One of The Best Performer

Notable Runner: Platform Specialty Products Corp Rises A lot Today, Is Now One of The Best Performer

The stock of Platform Specialty Products Corp (NYSE:PAH) is a huge mover today! About 2.69 million shares traded hands. Platform Specialty Products Corp (NYSE:PAH) has declined 15.02% since April 4, 2016 and is downtrending. It has underperformed by 16.11% the S&P500.
The move comes after 7 months positive chart setup for the $1.99B company. It was reported on Nov, 4 by Barchart.com. We have $11.11 PT which if reached, will make NYSE:PAH worth $776.10 million more.

Analysts await Platform Specialty Products Corp (NYSE:PAH) to report earnings on November, 8. They expect $0.14 earnings per share, up 133.33% or $0.08 from last year’s $0.06 per share. PAH’s profit will be $34.87 million for 14.27 P/E if the $0.14 EPS becomes a reality. After $0.16 actual earnings per share reported by Platform Specialty Products Corp for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.

Platform Specialty Products Corp (NYSE:PAH) Ratings Coverage

Out of 7 analysts covering Platform Specialty Products Corporation (NYSE:PAH), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Platform Specialty Products Corporation has been the topic of 16 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Platform Specialty Products Corp (NYSE:PAH) on Wednesday, October 5 with “Equal Weight” rating. The rating was maintained by Nomura on Tuesday, September 13 with “Neutral”. The stock of Platform Specialty Products Corp (NYSE:PAH) has “Buy” rating given on Thursday, September 29 by UBS. Barclays Capital maintained it with “Equal-Weight” rating and $11 target price in Tuesday, August 16 report. The stock of Platform Specialty Products Corp (NYSE:PAH) has “Buy” rating given on Monday, August 22 by Roth Capital. On Thursday, December 3 the stock rating was reinitiated by Credit Suisse with “Neutral”. The stock has “Buy” rating given by TH Capital on Monday, August 22. Bank of America initiated the shares of PAH in a report on Wednesday, March 9 with “Buy” rating. Credit Suisse reinitiated the stock with “Neutral” rating in Monday, May 2 report.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.25, from 1.04 in 2016Q1. The ratio improved, as 31 funds sold all Platform Specialty Products Corp shares owned while 31 reduced positions. 23 funds bought stakes while 57 increased positions. They now own 187.56 million shares or 2.18% less from 191.75 million shares in 2016Q1.
Oz Mngmt Limited Partnership has 0.12% invested in the company for 2.40 million shares. Inc owns 5,501 shares or 0% of their US portfolio. Lmm Lc accumulated 2.88% or 7.26 million shares. Capstone Investment Advsr Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Schwab Charles Invest Mgmt Inc owns 443,370 shares or 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 5,139 shares. Blackrock Advisors Ltd Limited Liability Company last reported 719,019 shares in the company. Deutsche Financial Bank Ag accumulated 644,124 shares or 0% of the stock. The California-based California State Teachers Retirement System has invested 0.01% in Platform Specialty Products Corp (NYSE:PAH). The Manitoba – Canada-based Great West Life Assurance Company Can has invested 0% in Platform Specialty Products Corp (NYSE:PAH). The Maryland-based Profund Advisors Limited Liability Com has invested 0.01% in Platform Specialty Products Corp (NYSE:PAH). The California-based Blackrock Fund Advsr has invested 0% in Platform Specialty Products Corp (NYSE:PAH). Tower Research Cap Ltd Liability Co (Trc) has invested 0% of its portfolio in Platform Specialty Products Corp (NYSE:PAH). The New York-based Gabelli Funds Ltd Liability Com has invested 0% in Platform Specialty Products Corp (NYSE:PAH). Bluecrest Ltd accumulated 68,508 shares or 0.03% of the stock.

Insider Transactions: Since September 16, 2016, the stock had 1 buying transaction, and 0 selling transactions for $8.66 million net activity. $8.66M worth of Platform Specialty Products Corp (NYSE:PAH) was bought by FRANKLIN MARTIN E.

Another recent and important Platform Specialty Products Corp (NYSE:PAH) news was published by Globenewswire.com which published an article titled: “Platform Specialty Products Corporation Completes Repricing and Extension of …” on October 17, 2016.

PAH Company Profile

Platform Specialty Products Corporation (Platform), incorporated on January 22, 2014, is a producer of specialty chemical products and well-known provider of technical services. The Firm operates in two divisions: Performance Solutions and Agricultural Solutions.

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