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Platform Specialty Products Corp (PAH) Price Target Raised to $16.00
19 May 2017, 11:07 | Jan Cross
Several other research firms also recently commented on PAH.
02/06/2017 - Goldman Sachs began new coverage on Platform Specialty Products Corporation giving the company a " rating. The stock now has an average rating of Buy and an average price target of $12.70.
10/05/2016 - Platform Specialty Products Corporation had its "equal weight" rating reiterated by analysts at Barclays. One of the quickest ways to determine the projected value of a stock is the price to earnings growth, or PEG ratio. Price Target plays a critical role when it comes to the analysis of a Stock. Credit Suisse Group AG boosted their price objective on Platform Specialty Products Corp from $10.00 to $12.00 and gave the stock a neutral rating in a report on Friday, March 3rd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Zacks Investment Research cut Platform Specialty Products Corp from a buy rating to a hold rating in a report on Friday, March 3rd. Analysts have placed a $15 price target on Platform Specialty Products Corporation, suggesting a 15.92% gain from recent close.
The counter witnessed a trading volume of 0.21 million shares versus an average volume of 0.57 million shares during last trading session. While the company's share hit the 52 week high on 04/27/17 stationing the value of $14.37. The company has a 50 day moving average price of $13.41 and a 200 day moving average price of $11.56. The firm's market cap is $3.84 billion.
Yet another important factor while evaluating a good buy/sell decision for Platform Specialty Products Corporation (PAH) is its Earnings per Share or EPS. The specialty chemicals company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. The firm had revenue of $861.80 million during the quarter, compared to the consensus estimate of $835.22 million.
Platform Specialty Products Corporation has a consensus outperform rating from 12 Wall Street analysts, and the number of shares now sold short amount to at least 10.4% of shares outstanding. Platform Specialty Products Corp's revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 EPS. Now the P/E of Platform Specialty Products Corporation (PAH) stands at 48.83. Nomura restated a "buy" rating and issued a $16.00 target price on shares of Platform Specialty Products Corp in a report on Tuesday, May 9th. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & global copyright laws. The correct version of this news story can be accessed at https://sportsperspectives.com/2017/05/19/platform-specialty-products-corp-pah-rating-reiterated-by-instinet-updated.html.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Finally, BlackRock Group LTD boosted its stake in Platform Specialty Products Corp by 0.6% in the third quarter. FMR LLC now owns 19,571,817 shares of the specialty chemicals company's stock valued at $254,825,000 after buying an additional 9,441,984 shares in the last quarter. Tudor Investment Corp ET AL raised its position in Platform Specialty Products Corp by 101.6% in the first quarter. Swiss National Bank now owns 304,189 shares of the specialty chemicals company's stock worth $2,467,000 after buying an additional 57,000 shares during the period. Finally, Swiss National Bank raised its position in shares of Platform Specialty Products Corp by 23.1% in the third quarter. The brokerage now has a $16.00 price objective on the specialty chemicals company's stock.
01/30/2017 - Morgan Stanley began new coverage on Platform Specialty Products Corporation giving the company a " rating.
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