Goldman Sachs Initiates Coverage On Platform Specialty Products Corp to Buy

Goldman Sachs Initiates Coverage On Platform Specialty Products Corp(PAH). The shares have been rated Buy. The rating by Goldman Sachs was issued on Feb 6, 2017.

In a different note, Morgan Stanley said it Initiates Coverage On Platform Specialty Products Corp, according to a research note issued on Jan 30, 2017. The shares have been rated ‘Equal-Weight’ by the firm.

Platform Specialty Products Corp (PAH) shares turned negative on Tuesdays trading session with the shares closing down -0.12 points or -0.95% at a volume of 19,50,634. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.68. The peak price level was also seen at $12.68 while the days lowest was $12.39. Finally the shares closed at $12.55. The 52-week high of the shares is $12.86 while the 52-week low is $5.25. According to the latest information available, the market cap of the company is $3,495 M.

Platform Specialty Products Corp(PAH) last announced its earnings results on Nov 4, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $891.00M. Analysts had an estimated revenue of $850.16M. Earnings per share were $0.14. The reported EPS was above estimates by $0.02 or 16.67%. Analysts had estimated an EPS of $0.12.

Several Insider Transactions has been reported to the SEC. On Nov 9, 2016, Diego Lopez Casanello (President – Ag Solutions) purchased 4,000 shares at $8.24 per share price.Also, On Mar 21, 2016, David A Jacoboski (Corporate Treasurer) purchased 1,000 shares at $8.48 per share price.On Dec 10, 2015, Ian G H Ashken (director) purchased 50,000 shares at $11.36 per share price, according to the Form-4 filing with the securities and exchange commission.

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