Platform Specialty Products Corp (NYSE:PAH) Stock Price Up as Sentiment Increases

April 16, 2018 - By Nellie Frank

Platform Specialty Products Corporation (NYSE:PAH) Logo

Sentiment for Platform Specialty Products Corp (NYSE:PAH)

Platform Specialty Products Corp (NYSE:PAH) institutional sentiment increased to 1.35 in 2017 Q4. Its up 0.20, from 1.15 in 2017Q3. The ratio has increased, as 107 investment professionals increased or started new holdings, while 79 cut down and sold positions in Platform Specialty Products Corp. The investment professionals in our partner’s database now possess: 246.84 million shares, up from 243.56 million shares in 2017Q3. Also, the number of investment professionals holding Platform Specialty Products Corp in their top 10 holdings increased from 2 to 3 for an increase of 1. Sold All: 26 Reduced: 53 Increased: 62 New Position: 45.

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. The company has market cap of $2.85 billion. It operates through two divisions, Performance Solutions and Agricultural Solutions. It currently has negative earnings. 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.

The stock increased 2.06% or $0.2 during the last trading session, reaching $9.91. About 630,865 shares traded. Platform Specialty Products Corporation (NYSE:PAH) has declined 24.04% since April 16, 2017 and is downtrending. It has underperformed by 35.59% the S&P500.

Analysts await Platform Specialty Products Corporation (NYSE:PAH) to report earnings on May, 14. They expect $0.20 earnings per share, up 25.00 % or $0.04 from last year’s $0.16 per share. PAH’s profit will be $57.60M for 12.39 P/E if the $0.20 EPS becomes a reality. After $0.23 actual earnings per share reported by Platform Specialty Products Corporation for the previous quarter, Wall Street now forecasts -13.04 % negative EPS growth.

Bares Capital Management Inc. holds 6.87% of its portfolio in Platform Specialty Products Corporation for 16.55 million shares. Pershing Square Capital Management L.P. owns 40.45 million shares or 6.83% of their US portfolio. Moreover, Kamunting Street Capital Management L.P. has 1.93% invested in the company for 273,291 shares. The New York-based Brigade Capital Management Lp has invested 1.75% in the stock. Gates Capital Management Inc., a New York-based fund reported 5.57 million shares.#img1#

Since January 1, 0001, it had 3 insider purchases, and 0 sales for $4.88 million activity.

Platform Specialty Products Corporation (NYSE:PAH) Ratings Coverage

Ratings analysis reveals 67% of Platform Specialty Products’s analysts are positive. Out of 3 Wall Street analysts rating Platform Specialty Products, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $12 while the high is $15.0. The stock’s average target of $14 is 41.27% above today’s ($9.91) share price. PAH was included in 3 notes of analysts from November 2, 2017. The firm has “Buy” rating by Roth Capital given on Thursday, November 2. As per Thursday, November 2, the company rating was maintained by SunTrust. Credit Suisse maintained the shares of PAH in report on Wednesday, November 15 with “Neutral” rating.

Platform Specialty Products Corporation (NYSE:PAH) Institutional Positions Chart

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