Platform Specialty Products Cor (PAH) Holdings Down in Latest Report from AXA

The specialty chemicals company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. The business had revenue of $941.10 million for the quarter, compared to the consensus estimate of $933.32 million. The firm's revenue for the quarter was up 2.1% compared to the same quarter past year. In contrast to the year ago quarter EPS was at 0.31. Lastly, Instinet upped the price objective on Platform Specialty Products Corporation from $15.00 to $16.00 and issued the shares a "buy" recommendation in a analysis note on Tue, May 9th.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Platform Specialty Products Corporation (PAH) stands at 37.53 while the industry's and the sector's growth for next 5 years ticked at 5.73 and 1.8 respectively. The market capitalization of the company is at $3.74 Billion. The firm has a 50-day moving average of $13.20 and a 200 day moving average of $13.01.

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A number of equities research analysts recently weighed in on the company. UBS AG's target price indicates a possible increase of 33.54% from the firms present price. The value in dollars went from $7,315,000 to $11,043,000 a change of 51.0% quarter over quarter. ValuEngine raised Platform Specialty Products Corporation from a "hold" rating to a "buy" rating in a research report on Tuesday, June 13th. Finally, Nomura restated a "buy" rating and issued a $16.00 price objective on shares of Platform Specialty Products Corporation in a report on Tuesday, May 9th. The consensus recommendation is the average rating on a stock by the analyst community.

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Platform Specialty Products Corporation (PAH) now has P/E (Price to Earnings) ratio of 51.79 while the company's industry has 19.27 P/E and the sector P/E is 43.8. Great West Life Assurance Co.

AXA reports that it lowered its position in Platform Specialty Products Cor by 880,000 shares in the last quarter. The firm acquired 45,600 shares of the specialty chemicals company's stock, valued at approximately $578,000.

Shares of Platform Specialty Products Corporation (PAH) opened at 12.73 on Friday. Renaissance Technologies LLC now owns 215,200 shares of the specialty chemicals company's stock valued at $2,111,000 after buying an additional 28,100 shares during the last quarter. Teachers Advisors LLC now owns 220,494 shares of the specialty chemicals company's stock valued at $2,163,000 after buying an additional 41,652 shares during the last quarter. Reik & CO. LLC now owns 12,500 shares of the specialty chemicals company's stock valued at $163,000 after buying an additional 2,500 shares during the period. Two Sigma Securities LLC purchased a new stake in Platform Specialty Products Corporation during the first quarter valued at about $143,000. The Company kept a record of 271.82 million floated shares and 288.75 million shares outstanding.

Platform Specialty Products Corporation (PAH) has an annual dividend of $0, while its annual dividend yield is 0%.

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