What Can We Expect After Platform Specialty Products (NYSE:PAH)’s Downgrade By SunTrust?

Platform Specialty Products Corporation (NYSE:PAH) Logo

Investors sentiment decreased to 0.73 in Q3 2018. Its down 0.31, from 1.04 in 2018Q2. It dived, as 31 investors sold Platform Specialty Products Corporation shares while 62 reduced holdings. 28 funds opened positions while 40 raised stakes. 247.08 million shares or 0.26% less from 247.72 million shares in 2018Q2 were reported.

New York-based Pershing Square Capital Management L P has invested 9.68% in Platform Specialty Products Corporation (NYSE:PAH). Scopus Asset Limited Partnership reported 0.11% in Platform Specialty Products Corporation (NYSE:PAH). Franklin owns 40,106 shares or 0% of their US portfolio. Walleye Trading Ltd has 17,819 shares for 0% of their portfolio. Hsbc Public Limited Co reported 0% in Platform Specialty Products Corporation (NYSE:PAH). Utd Ser Automobile Association holds 39,794 shares. Ancora Advsrs Ltd Liability Corporation invested in 0.94% or 1.96M shares. Balyasny Asset Mngmt Lc has invested 0% in Platform Specialty Products Corporation (NYSE:PAH). California Employees Retirement reported 0.01% of its portfolio in Platform Specialty Products Corporation (NYSE:PAH). Rhumbline Advisers reported 0% of its portfolio in Platform Specialty Products Corporation (NYSE:PAH). Raymond James Na holds 14,129 shares or 0.01% of its portfolio. Private Mngmt Grp Inc invested 1.06% of its portfolio in Platform Specialty Products Corporation (NYSE:PAH). Aperio Gru Limited Liability Com reported 39,764 shares. Great West Life Assurance Commerce Can owns 23,304 shares. Comerica Bancorporation owns 390,655 shares or 0.03% of their US portfolio.

Since August 13, 2018, it had 17 insider buys, and 1 insider sale for $4.43 million activity. On Thursday, December 20 the insider Capps John Edward bought $500,000. $600,400 worth of Platform Specialty Products Corporation (NYSE:PAH) shares were bought by ASHKEN IAN G H. $75,360 worth of Platform Specialty Products Corporation (NYSE:PAH) shares were bought by Benson Scot.

Platform Specialty Products (NYSE:PAH) Receives a Downgrade

SunTrust has cut the rating for shares of Platform Specialty Products (NYSE:PAH) to a solid “Hold” in a research note released on Monday morning. PAH’s previous rating by the firm was a “Buy”.

Platform Specialty Products Corporation (NYSE:PAH) Ratings Coverage

Among 3 analysts covering Platform Specialty (NYSE:PAH), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Platform Specialty has $15 highest and $14 lowest target. $14.50’s average target is 25.87% above currents $11.52 stock price. Platform Specialty had 3 analyst reports since July 23, 2018 according to SRatingsIntel. Citigroup downgraded it to “Neutral” rating and $14 target in Wednesday, September 19 report. Goldman Sachs downgraded the shares of PAH in report on Monday, July 23 to “Neutral” rating. The stock of Platform Specialty Products Corporation (NYSE:PAH) has “Buy” rating given on Monday, October 15 by Nomura.

The stock decreased 2.70% or $0.32 during the last trading session, reaching $11.52. About 1.19 million shares traded. Platform Specialty Products Corporation (NYSE:PAH) has risen 14.94% since January 14, 2018 and is uptrending. It has outperformed by 14.94% the S&P500.

Analysts await Platform Specialty Products Corporation (NYSE:PAH) to report earnings on February, 26. They expect $0.04 EPS, down 82.61 % or $0.19 from last year’s $0.23 per share. PAH’s profit will be $11.53 million for 72.00 P/E if the $0.04 EPS becomes a reality. After $0.04 actual EPS reported by Platform Specialty Products Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. The company has market cap of $3.32 billion. It operates through two divisions, Performance Solutions and Agricultural Solutions. It currently has negative earnings. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

More notable recent Platform Specialty Products Corporation (NYSE:PAH) news were published by: Seekingalpha.com which released: “Platform Specialty Products: Do You Dare? – Seeking Alpha” on October 12, 2016, also Seekingalpha.com with their article: “Platform Specialty Products (PAH) To Present At Citi Basic Materials Conference – Slideshow – Seeking Alpha” published on November 28, 2018, Seekingalpha.com published: “Platform Specialty Products: 40% To 50% Upside On Spin-Off – Seeking Alpha” on February 15, 2018. More interesting news about Platform Specialty Products Corporation (NYSE:PAH) were released by: Seekingalpha.com and their article: “Platform Specialty Products: Great Upside, But Arysta Spin-Off Not The Right Move – Seeking Alpha” published on January 08, 2018 as well as Seekingalpha.com‘s news article titled: “Saga Partners Quarterly Report Q2 2018 – Seeking Alpha” with publication date: August 07, 2018.

Platform Specialty Products Corporation (NYSE:PAH) Institutional Positions Chart

(adsbygoogle = window.adsbygoogle || []).push({});

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.