Platform Specialty Products Corp (NYSE:ESI) has been given a consensus broker rating score of 2.33 (Buy) from the six analysts that provide coverage for the stock, Zacks Investment Research reports. Four analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. Platform Specialty Products’ rating score has declined by 39.5% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus target price of $13.20 for the company and are anticipating that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Platform Specialty Products an industry rank of 162 out of 255 based on the ratings given to related companies.
Get Platform Specialty Products alerts:Separately, Barclays restated an “equal weight” rating and set a $13.00 price objective on shares of Platform Specialty Products in a research report on Monday.
In other news, insider Pershing Square Capital Manage sold 40,451,506 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $11.72, for a total transaction of $474,091,650.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.40% of the company’s stock.
Shares of Platform Specialty Products stock traded down $0.36 during trading on Thursday, reaching $11.01. 3,104,400 shares of the stock traded hands, compared to its average volume of 2,959,032. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 4.31 and a beta of 2.58. The company has a quick ratio of 2.00, a current ratio of 2.19 and a debt-to-equity ratio of 2.55. Platform Specialty Products has a 52-week low of $9.09 and a 52-week high of $13.54.
About Platform Specialty Products
Platform Specialty Products Corp. engages in the provision of technology chemical products and technical services. It operates its business through the Performance Solutions and Agricultural Solutions segments. The Performance Solutions segment formulates and markets chemistry solutions that are used in production, commercial packaging and printing, electronics, and oil and gas production and drilling.
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