Standard Pacific Corp. (NYSE:SPF)’s shares trading high


Dallas, Texas 07/18/2013 (Financialstrend) – Standard Pacific Corp. (NYSE:SPF) announced that it will issue its second quarter results of 2013 after the close of New York Stock Exchange on July 25, 2013 and on Friday, July 26, 2013 the company also will broadcast a slide show, conference call and audio presentation over the internet. SPF was promoted from an “underweight” ranking to a “neutral” rating in an investigation report issued by equities researchers at JPMorgan Chase & Co.

Several other analysts have recently rated on the stock of Standard Pacific Corp. JP Morgan Cazenove’s researchers upgraded shares of Standard Pacific Corp, analyst of Sidoti gave a “buy” rating on the shares. In a research note analysts at Credit Suisse upgraded from an “underweight” rating to a “market neutral” rating. To the stock six have rated a buy rating and four analysts have rated the stock with a hold rating and Standard Pacific Corp. currently has an average rating of “Buy”. Standard Pacific Homes (NYSE:SPF) since its founding in Southern California in 1965 has been providing high-quality homes and neighbourhoods with exceptional architectural design, outstanding customer experience and superior quality in craftsmanship. Currently Standard Pacific Homes builds new homes in major metropolitan areas.

There had been a gain of 0.47% in the shares of Standard Pacific Corp. (NYSE:SPF) which closed at $8.60 per share on Wednesday. The stock had fluctuated in the range of $8.37 to $8.80 per share, after opening at $8.56 for the day. The company had recorded 52 week low at $5.53 and 52 week high at $9.97 per share.

Standard Pacific Corp. has 215.65 million shares outstanding with a market cap of $1.85 billion and an institutional ownership of 119% of the total capital. The trading volume on Wednesday was 5.25 million shares and the average volume is at 6.60 million shares per day.