News coverage about Platform Specialty Products Corporation (NYSE:PAH) has been trending positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Platform Specialty Products Corporation earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned media coverage about the specialty chemicals company an impact score of 95 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next several days.
Shares of Platform Specialty Products Corporation (PAH) traded down 0.48% during mid-day trading on Tuesday, reaching $12.40. 1,605,559 shares of the company’s stock were exchanged. Platform Specialty Products Corporation has a 52 week low of $6.85 and a 52 week high of $14.37. The stock’s market cap is $3.55 billion. The stock has a 50 day moving average price of $13.03 and a 200 day moving average price of $12.27.
Platform Specialty Products Corporation (NYSE:PAH) last released its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. Platform Specialty Products Corporation had a return on equity of 6.77% and a net margin of 1.18%. The business had revenue of $861.80 million during the quarter, compared to analyst estimates of $835.22 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts predict that Platform Specialty Products Corporation will post $0.80 EPS for the current year.
PAH has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Platform Specialty Products Corporation from a “buy” rating to a “hold” rating in a research report on Friday, March 3rd. Instinet lifted their target price on shares of Platform Specialty Products Corporation from $11.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, February 21st. Credit Suisse Group boosted their price target on shares of Platform Specialty Products Corporation from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, March 3rd. Roth Capital set a $15.00 price target on shares of Platform Specialty Products Corporation and gave the stock a “buy” rating in a report on Tuesday, February 28th. Finally, TheStreet raised shares of Platform Specialty Products Corporation from a “d+” rating to a “c” rating in a report on Tuesday, February 28th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Platform Specialty Products Corporation presently has an average rating of “Buy” and an average target price of $12.50.
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