Platform Specialty Products Corp (NYSE:PAH) has been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $13.25.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Platform Specialty Products from a “buy” rating to a “hold” rating in a research report on Friday, February 1st. UBS Group set a $14.00 price objective on shares of Platform Specialty Products and gave the company a “buy” rating in a research report on Tuesday, January 29th. SunTrust Banks lowered shares of Platform Specialty Products from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. Finally, ValuEngine upgraded shares of Platform Specialty Products from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.
In related news, insider Pershing Square Capital Manage sold 37,000,000 shares of the company’s stock in a transaction dated Sunday, February 3rd. The shares were sold at an average price of $11.72, for a total value of $433,640,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.40% of the company’s stock.
Shares of PAH traded up $0.05 during trading hours on Wednesday, hitting $10.10. The company had a trading volume of 2,395,912 shares, compared to its average volume of 2,451,152. The firm has a market capitalization of $2.91 billion, a PE ratio of 13.29, a PEG ratio of 4.42 and a beta of 2.59. Platform Specialty Products has a 12 month low of $9.09 and a 12 month high of $13.54. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.19 and a quick ratio of 2.00.
About Platform Specialty Products
Platform Specialty Products Corp. engages in the provision of technology chemical products and technical services. It operates its business through the Performance Solutions and Agricultural Solutions segments. The Performance Solutions segment formulates and markets chemistry solutions that are used in production, commercial packaging and printing, electronics, and oil and gas production and drilling.
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