Platform Specialty Products Corp (PAH) was Initiated by Citigroup to “Buy” and the brokerage firm has set the Price Target at $11. Citigroup advised their investors in a research report released on Jul 28, 2016.
Many Wall Street Analysts have commented on Platform Specialty Products Corp. Credit Suisse Resumed Platform Specialty Products Corp on May 2, 2016 to “Neutral”, Price Target of the shares are set at $10.
On the company’s financial health, Platform Specialty Products Corp reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.10. The company had revenue of $824.00 million for the quarter, compared to analysts expectations of $799.69 million. The company’s revenue was up 54.0% compared to the same quarter last year.
Platform Specialty Products Corp opened for trading at $9.1 and hit $9.34 on the upside on Thursday, eventually ending the session at $9.08, with a gain of 1.11% or 0.1 points. The heightened volatility saw the trading volume jump to 11,59,238 shares. Company has a market cap of $2,084 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.