Citigroup Initiates Coverage on Platform Specialty Products Corp to Buy

Citigroup Initiates Coverage on Platform Specialty Products Corp(NYSE:PAH). The shares have been rated Buy. The rating by Citigroup was issued on Jul 28, 2016.

In a different note, On May 2, 2016, Credit Suisse said it Assumes its rating on Platform Specialty Products Corp. The shares have been rated ‘Neutral’ by the firm.

Platform Specialty Products Corp (PAH) made into the market gainers list on Thursdays trading session with the shares advancing 0.10% or 0.01 points. Due to strong positive momentum, the stock ended at $9.73, which is also near the day’s high of $10.02. The stock began the session at $9.6 and the volume stood at 20,69,524 shares. The 52-week high of the shares is $24.0399 and the 52 week low is $5.25. The company has a current market capitalization of $2,234 M and it has 22,95,57,870 shares in outstanding.

Platform Specialty Products Corp(PAH) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $824.00M. Analysts had an estimated revenue of $808.37M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.10.

Several Insider Transactions has been reported to the SEC. On Mar 21, 2016, David A Jacoboski (Corporate Treasurer) purchased 1,000 shares at $8.48 per share price.Also, On Dec 10, 2015, Ian G H Ashken (director) purchased 50,000 shares at $11.36 per share price.On Nov 23, 2015, Sanjiv Khattri (CFO) purchased 5,000 shares at $11.83 per share price, according to the Form-4 filing with the securities and exchange commission.

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