Platform Specialty Products (PAH) Reaches $11.71 After 5.00% Down Move; Cogent Communications Holdings, Inc. (CCOI) Had 6 Bulls

June 14, 2018 - By Linda Rogers

Platform Specialty Products Corporation (NYSE:PAH) Logo

Among 19 analysts covering Cogent Communications Group Inc. (NASDAQ:CCOI), 6 have Buy rating, 3 Sell and 10 Hold. Therefore 32% are positive. Cogent Communications Group Inc. had 53 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by Drexel Hamilton on Friday, October 16 to “Buy”. Pacific Crest maintained it with “Overweight” rating and $45 target in Friday, February 26 report. Suntrust Robinson initiated the stock with “Buy” rating in Tuesday, December 13 report. The stock has “Hold” rating by Cowen & Co on Thursday, February 22. On Friday, July 14 the stock rating was maintained by Deutsche Bank with “Buy”. Citigroup downgraded Cogent Communications Holdings, Inc. (NASDAQ:CCOI) on Wednesday, April 6 to “Neutral” rating. The stock of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) has “Buy” rating given on Thursday, August 10 by Oppenheimer. The firm earned “Hold” rating on Friday, May 4 by Deutsche Bank. The firm has “Sell” rating by Citigroup given on Thursday, November 2. The rating was downgraded by Cowen & Co on Tuesday, May 2 to “Market Perform”. See Cogent Communications Holdings, Inc. (NASDAQ:CCOI) latest ratings:

29/05/2018 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Old Target: $33 Downgrade
04/05/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Hold Old Target: $50 Downgrade
04/04/2018 Broker: William Blair Rating: Buy Maintain
13/03/2018 Broker: Guggenheim Rating: Neutral New Target: $45 Initiates Coverage On
22/02/2018 Broker: Cowen & Co Rating: Hold New Target: $37.0 Maintain
23/02/2018 Broker: Jefferies Rating: Hold New Target: $46.0 Maintain
23/02/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $52 New Target: $50 Maintain

The stock of Platform Specialty Products Corporation (NYSE:PAH) is a huge mover today! The stock decreased 3.54% or $0.43 during the last trading session, reaching $11.71. About 807,392 shares traded. Platform Specialty Products Corporation (NYSE:PAH) has declined 9.77% since June 14, 2017 and is downtrending. It has underperformed by 22.34% the S&P500. Some Historical PAH News: ; 10/05/2018 – Platform Specialty at Goldman Sachs Conference May 16; 03/05/2018 – PLATFORM SPECIALTY 1Q ADJ EBITDA $207M, EST. $196.0M; 03/05/2018 – Platform Specialty 1Q EPS 13c; 03/05/2018 – MARTIN E. FRANKLIN – HAD PREVIOSULY REPORTED 5.1 PCT STAKE IN PLATFORM SPECIALTY PRODUCTS CORP AS OF DECEMBER 18, 2017 – SEC FILING; 09/05/2018 – Platform Specialty Products Corporation Announces the Closing of its Acquisition of HiTech Korea Co., Ltd by MacDermid Performa; 03/05/2018 – MARTIN E. FRANKLIN REPORTS 9.2 PCT STAKE IN PLATFORM SPECIALTY PRODUCTS CORP AS OF MAY 3, 2018 – SEC FILING; 24/04/2018 – Platform Specialty Closes Below 50-Day Moving Average; 09/05/2018 – Platform Specialty Products Corporation Announces The Closing Of Its Acquisition Of HiTech Korea Co., Ltd By MacDermid Performance Solutions; 15/05/2018 – Platform Specialty at Goldman Sachs Conference Tomorrow; 03/05/2018 – PLATFORM SPECIALTY 1Q ADJ EPS 21C, EST. 19CThe move comes after 9 months negative chart setup for the $3.37 billion company. It was reported on Jun, 14 by Barchart.com. We have $11.12 PT which if reached, will make NYSE:PAH worth $168.70 million less.

More news for Platform Specialty Products Corporation (NYSE:PAH) were recently published by: Globenewswire.com, which released: “Platform Responds to Press Speculation Regarding its Agricultural Solutions Segment” on June 07, 2018. Streetinsider.com‘s article titled: “Platform Specialty Products (PAH) in Talks to Sell Ag Unit – DJ” and published on June 06, 2018 is yet another important article.

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. The company has market cap of $3.37 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.

Since December 19, 2017, it had 1 buy, and 0 sales for $39,640 activity. The insider Casanello Diego Lopez bought 4,000 shares worth $39,640.

Analysts await Platform Specialty Products Corporation (NYSE:PAH) to report earnings on August, 8. They expect $0.24 earnings per share, up 20.00% or $0.04 from last year’s $0.2 per share. PAH’s profit will be $69.15M for 12.20 P/E if the $0.24 EPS becomes a reality. After $0.21 actual earnings per share reported by Platform Specialty Products Corporation for the previous quarter, Wall Street now forecasts 14.29% EPS growth.

Among 10 analysts covering Platform Specialty Products Corporation (NYSE:PAH), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Platform Specialty Products Corporation had 26 analyst reports since August 17, 2015 according to SRatingsIntel. Goldman Sachs initiated the shares of PAH in report on Monday, February 6 with “Buy” rating. Barclays Capital maintained Platform Specialty Products Corporation (NYSE:PAH) rating on Wednesday, October 11. Barclays Capital has “Equal-Weight” rating and $14 target. The rating was maintained by Barclays Capital on Tuesday, August 16 with “Equal-Weight”. The stock of Platform Specialty Products Corporation (NYSE:PAH) earned “Equal-Weight” rating by Morgan Stanley on Monday, January 30. The stock of Platform Specialty Products Corporation (NYSE:PAH) has “Equal Weight” rating given on Wednesday, October 5 by Barclays Capital. The firm has “Neutral” rating given on Wednesday, November 15 by Credit Suisse. The company was maintained on Tuesday, September 13 by Nomura. Roth Capital maintained it with “Buy” rating and $15.0 target in Thursday, November 2 report. The rating was upgraded by Nomura to “Buy” on Monday, November 7. The company was maintained on Thursday, September 29 by UBS.

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.35, from 1.35 in 2017Q4. It is negative, as 41 investors sold Platform Specialty Products Corporation shares while 48 reduced holdings. 31 funds opened positions while 58 raised stakes. 255.74 million shares or 3.61% more from 246.84 million shares in 2017Q4 were reported. Swiss Commercial Bank accumulated 399,289 shares. Raymond James invested 0% of its portfolio in Platform Specialty Products Corporation (NYSE:PAH). California Pub Employees Retirement Sys invested 0.01% of its portfolio in Platform Specialty Products Corporation (NYSE:PAH). Credit Suisse Ag reported 0.11% stake. Moreover, Fmr Ltd Liability Corp has 0.03% invested in Platform Specialty Products Corporation (NYSE:PAH) for 26.43M shares. 95,068 were reported by Natixis Advsr Lp. Signaturefd Llc holds 0% or 201 shares. Advisory Svcs Net Ltd has 404 shares for 0% of their portfolio. Parametric Portfolio Assoc Limited Liability Company holds 0% or 377,667 shares. United Kingdom-based Legal General Public Limited has invested 0% in Platform Specialty Products Corporation (NYSE:PAH). Kings Point Cap Mngmt accumulated 0.07% or 36,060 shares. First Quadrant Lp Ca owns 41,758 shares. Canada Pension Plan Inv Board holds 104,410 shares or 0% of its portfolio. Reik And Limited Liability Corp invested 0.04% of its portfolio in Platform Specialty Products Corporation (NYSE:PAH). Morgan Stanley has 0.02% invested in Platform Specialty Products Corporation (NYSE:PAH).

Since December 15, 2017, it had 0 insider purchases, and 18 selling transactions for $2.20 million activity. ONEILL TIMOTHY G also sold $51,300 worth of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) on Friday, June 1. Shares for $230,039 were sold by WEED THADDEUS GERARD on Monday, June 4. 3,000 shares were sold by KILMER HENRY W, worth $130,081 on Tuesday, March 6. 3,000 shares were sold by BEURY ROBERT N JR, worth $153,434. 2,000 shares valued at $100,724 were sold by BUBECK JAMES on Friday, May 11. 3,000 shares valued at $157,997 were sold by KUMMER RAYMOND B on Wednesday, June 6. Another trade for 2,125 shares valued at $99,921 was sold by WEINGARTEN TIM.

More news for Cogent Communications Holdings, Inc. (NASDAQ:CCOI) were recently published by: Prnewswire.com, which released: “Cogent Communications CEO to Present at Two Upcoming Conferences” on May 24, 2018. Prnewswire.com‘s article titled: “Cogent Communications CEO to Present at Upcoming Conference” and published on May 16, 2018 is yet another important article.

Investors sentiment decreased to 1.05 in 2018 Q1. Its down 0.12, from 1.17 in 2017Q4. It fall, as 19 investors sold Cogent Communications Holdings, Inc. shares while 57 reduced holdings. 18 funds opened positions while 62 raised stakes. 40.77 million shares or 5.17% less from 42.99 million shares in 2017Q4 were reported. Moreover, Adams Diversified Equity Fund has 0.04% invested in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Parkside Bancorporation & Tru invested in 34 shares or 0% of the stock. Systematic Ltd Partnership owns 31,070 shares for 0.03% of their portfolio. 5,390 are owned by Aqr Cap Mngmt Limited Liability Corporation. 20,639 are held by Old Mutual Global Invsts (Uk) Limited. Vanguard Grp Inc, Pennsylvania-based fund reported 4.56 million shares. Teacher Retirement Systems Of Texas holds 0% of its portfolio in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) for 9,683 shares. Prudential stated it has 0% in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Moreover, Invesco has 0.02% invested in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) for 1.14M shares. Emerald Advisers Inc Pa stated it has 0.55% of its portfolio in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Metropolitan Life Insurance Ny holds 13,715 shares or 0% of its portfolio. Creative Planning has invested 0% in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). State Board Of Administration Of Florida Retirement Sys owns 26,118 shares or 0% of their US portfolio. Clearbridge Invs Limited Liability Corporation stated it has 22 shares. Louisiana State Employees Retirement reported 0.04% stake.

Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access and Internet protocol communications services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, and Asia. The company has market cap of $2.38 billion. The firm offers on-net Internet access services to bandwidth-intensive users, such as universities, other Internet service providers, telephone companies, cable television companies, Web hosting companies, content delivery network companies, and commercial content and application service providers; and to corporate clients located in multi-tenant office buildings, including law firms, financial services firms, advertising and marketing firms, and other professional services businesses. It has a 408.08 P/E ratio. It also provides its on-net services in carrier-neutral data centers, Cogent controlled data centers, and single-tenant office buildings.

The stock increased 0.57% or $0.3 during the last trading session, reaching $53.05. About 54,428 shares traded. Cogent Communications Holdings, Inc. (NASDAQ:CCOI) has risen 24.66% since June 14, 2017 and is uptrending. It has outperformed by 12.09% the S&P500. Some Historical CCOI News: ; 20/04/2018 – Cogent Comms Non-Deal Roadshow Set By SunTrust for Apr. 27; 03/05/2018 – COGENT COMMS 1Q EPS 15C, EST. 14C; 03/05/2018 – COGENT COMMS 1Q ADJ EBITDA $44.2M, EST. $44.1M; 03/05/2018 – Cogent Communications 1Q EPS 15c; 19/03/2018 – COSCO SHIPPING INTERNATIONAL (SINGAPORE) CO- COGENT JURONG ISLAND AWARDED TO SH DESIGN & BUILD PTE A CONTRACT FOR S$94.9 MLN TO DESIGN &ERECT FACILITY; 03/05/2018 – Cogent Communications Raises Dividend to 52c; 23/04/2018 – CCOI:ISS NOT RECOMMENDING CO.’S INDEPENDENT DIRS IS UNWARRANTED; 03/05/2018 – COGENT BOOSTS QTR DIV TO 52C/SHR, FROM 50C, EST. 52C; 29/05/2018 – Cogent Comms Presenting at Cowen Conference Tomorrow; 19/04/2018 – DJ Cogent Communications Holdings Inc, Inst Holders, 1Q 2018 (CCOI)

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

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By1 Linda Rogers

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