Platform Specialty Products Corp (PAH) is Reiterated by Barclays to Equal Weight, Lowers Price Target to $ 10

Platform Specialty Products Corp (PAH) was Reiterated by Barclays to “Equal Weight” while Lowering the Price Target of the company shares to $ 10 from a previous price target of $11 . Barclays advised their investors in a research report released on Oct 5, 2016.

Many Wall Street Analysts have commented on Platform Specialty Products Corp. Platform Specialty Products Corp was Initiated by ROTH Capital to “Buy” on Aug 22, 2016. Citigroup Initiated Platform Specialty Products Corp on Jul 28, 2016 to “Buy”, Price Target of the shares are set at $11.

On the company’s financial health, Platform Specialty Products Corp reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.20. The company had revenue of $922.00 million for the quarter, compared to analysts expectations of $887.70 million. The company’s revenue was up 36.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Platform Specialty Products Corp closed down -0.52 points or -6.62% at $7.33 with 41,77,648 shares getting traded on Tuesday. Post opening the session at $7.87, the shares hit an intraday low of $7.33 and an intraday high of $8 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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, Benjamin Gliklich (COO) purchased 4,000 shares at $11.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Platform Specialty Products Corp

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