News articles about Platform Specialty Products Corp (NYSE:PAH) have been trending positive recently, according to AlphaOne Sentiment. The research firm, a unit of Accern, identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Platform Specialty Products Corp earned a daily sentiment score of 0.35 on AlphaOne’s scale. AlphaOne also gave news headlines about the company an impact score of 86 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the next few days.
Shares of Platform Specialty Products Corp (NYSE:PAH) traded down 1.46% during trading on Thursday, reaching $12.81. The company’s stock had a trading volume of 1,538,294 shares. Platform Specialty Products Corp has a 52-week low of $6.85 and a 52-week high of $13.96. The company’s market cap is $3.64 billion. The firm’s 50-day moving average is $12.99 and its 200 day moving average is $10.49.
Platform Specialty Products Corp (NYSE:PAH) last released its quarterly earnings data on Tuesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The firm had revenue of $950 million for the quarter, compared to analyst estimates of $931.10 million. Platform Specialty Products Corp had a negative return on equity of 0.53% and a negative net margin of 5.98%. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. On average, equities research analysts predict that Platform Specialty Products Corp will post $0.76 EPS for the current fiscal year.
Several analysts recently commented on the company. Morgan Stanley assumed coverage on Platform Specialty Products Corp in a research note on Sunday, January 29th. They issued an “equal weight” rating and a $12.00 price target on the stock. HC Wainwright assumed coverage on Platform Specialty Products Corp in a research note on Saturday, January 21st. They issued a “buy” rating and a $5.00 price target on the stock. Credit Suisse Group AG boosted their price target on Platform Specialty Products Corp from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, March 3rd. Zacks Investment Research lowered Platform Specialty Products Corp from a “buy” rating to a “hold” rating in a research note on Friday, March 3rd. Finally, Roth Capital set a $15.00 price target on Platform Specialty Products Corp and gave the company a “buy” rating in a research note on Tuesday, February 28th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $12.10.
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