Platform Specialty Products Corp (PAH) is Resumed by Credit Suisse to Neutral, Price Target at $10

Platform Specialty Products Corp (PAH) was Resumed by Credit Suisse to “Neutral” and the brokerage firm has set the Price Target at $10. Credit Suisse advised their investors in a research report released on May 2, 2016.

Many Wall Street Analysts have commented on Platform Specialty Products Corp. Platform Specialty Products Corp was Initiated by BofA/Merrill to “Buy” on Mar 9, 2016.

On the company’s financial health, Platform Specialty Products Corp reported $0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Nov 10, 2015. Analyst had a consensus of $0.11. The company had revenue of $597.30 million for the quarter, compared to analysts expectations of $593.85 million. The company’s revenue was up 203.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Platform Specialty Products Corp opened for trading at $10.21 and hit $10.78 on the upside on Wednesday, eventually ending the session at $10.68, with a gain of 3.99% or 0.41 points. The heightened volatility saw the trading volume jump to 17,04,935 shares. Company has a market cap of $2,451 M.

In a different news, on Mar 21, 2016, David A Jacoboski (Corporate Treasurer) purchased 1,000 shares at $8.48 per share price. According to the SEC, on Dec 10, 2015, Ian G H Ashken (director) purchased 50,000 shares at $11.36 per share price. On Nov 23, 2015, Sanjiv Khattri (CFO) purchased 5,000 shares at $11.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Platform Specialty Products Corp

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