Economy

Checking the Overall Picture for Platform Specialty Products Corporation (PAH)

Sell-side analyst recommendations point to a short term price target of $15 on the company shares.

Investors are more bullish on shares of the company recently if you take note of the fall in short interest. The stock rose 0.37% or $0.35 reaching $94.01. About 324,942 shares traded. Hingham Institution for Savings (NASDAQ:HIFS) has risen 36.45% since September 8, 2016 and is uptrending. It has outperformed by 33.24% the S&P500. The value of the investment in Platform Specialty Products Cor increased from $139,000 to $123,000,000 a change of $122,861,000 quarter over quarter. The current price change puts the market capitalization at $3.23 bln. Cypress Cap Gp owns 3,905 shares for 0.06% of their portfolio.

02/06/2017 - Goldman Sachs began new coverage on Platform Specialty Products Corporation giving the company a "buy" rating. Benjamin Gliklich, EVP - Operations and Strategy acquired $22,220 worth of shares at an average price of $11.11 on Friday the 25th. Citigroup Inc invested in 3.57 million shares. 2704842 shares were traded on Platform Specialty Products Corporation's last session. It has outperformed by 31.53% the S&P500.

Over the past five trading sessions shares of Platform Specialty Products Corporation (NYSE:PAH) are 0.26%; -16.45% for the month; -11.15% for the last quarter; -9.96% for the past six-months; and 20.46% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. Therefore 67% are positive.

Platform Specialty Products Corporation had its "buy" rating reiterated by analysts at UBS. The rating was maintained by Nomura with "Neutral" on Tuesday, September 13. The firm earned "Neutral" rating on Tuesday, June 20 by Moffett Nathanson. Credit Suisse has "Neutral" rating and $10 target. (NYSE:GIS) earned "Hold" rating by Stifel Nicolaus on Wednesday, March 22. The company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.11 by $0.03. The stock has "Buy" rating by Roth Capital on Monday, August 22. Finally, Morgan Stanley initiated coverage on Platform Specialty Products Corporation in a research report on Sunday, January 29th.

Shares of Platform Specialty Products Corporation (PAH) opened at 11.48 on Friday.

Platform Specialty Products Corporation (NYSE:SHW) scores higher than The Sherwin-Williams Company (NYSE:PAH) on 6 of the 11 measures compared between the two companies.

Platform Specialty Products Corporation (NYSE:PAH) has been given an average recommendation of "Buy" by the thirteen ratings firms that are now covering the firm, Marketbeat Ratings reports.

Investors sentiment is 1.67 in Q4 2016. Its down 1.48, from 2.57 in 2016Q3. 60 funds opened positions while 164 raised stakes. The Ascend Capital Llc holds 1.34 million shares with $13.11 million value, down from 2.48 million last quarter. Towerview Ltd Company owns 35,000 shares. Mechanics Natl Bank Tru Department holds 5,896 shares.

Occidental Petroleum Corporation (NYSE:OXY) persists its position active in context of investors' investment valuation, price per shares shows upbeat performance surged 1.48% to $61.62 with volume of 4.09 Million. Corvex Management LP holds 2.83% or 16.70 million shares in its portfolio. Tudor Investment Corp Et Al reported 0.09% stake. Fmr has invested 0.01% in Platform Specialty Products Corp (NYSE:PAH). Bank Of Montreal Can holds 0.01% or 890,564 shares. Company's return on equity, which is really just the product of the company's profit margin, asset turnover, and financial leverage ratios, is 0.60%, which is worse than the Specialty Chemicals industry average ROE. The institutional investor held 103,775 shares of the major chemicals company at the end of 2016Q4, valued at $1.02M, up from 59,575 at the end of the previous reported quarter. California State Teachers Retirement reported 416,582 shares stake. Wilbanks Smith Thomas Asset Mngmt Lc accumulated 5,702 shares. Earnest Ptnrs Llc reported 110 shares or 0% of all its holdings. Ascend Capital Ltd Liability Corp has 1.34M shares. Days to cover increased 5.0 to 5.0 and the short interest percentage is 0.08% as of August 15. The stock is performing 17.02% year to date. It also increased its holding in Depomed Inc (NASDAQ:DEPO) by 50,000 shares in the quarter, for a total of 150,000 shares, and has risen its stake in Scripps Networks Interact In (NYSE:SNI). The analyst recommendations from a month ago are 7 Buy, 0 Overweight, 0 Sell, 5 Hold and 0 Underweight. Therefore 57% are positive. On Monday, August 22 the stock rating was initiated by TH Capital with "Buy". SHW has increased sales at a 6.20% CAGR over the past five years, and is considered a medium growth stock. As per Monday, October 26, the company rating was initiated by Susquehanna. $303,713 worth of Comcast Corporation (NASDAQ:CMCSA) shares were sold by BACON KENNETH J. Shares for $247,727 were sold by KENNEDY KEVIN on Tuesday, May 2.

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