UBS Maintains a 'Buy' on Standard Pacific (SPF); Best Risk/Reward

May 3, 2012 1:31 PM EDT
Get Alerts SPF Hot Sheet
Price: $8.00 --0%

Rating Summary:
    3 Buy, 9 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
Trade SPF Now!
Join SI Premium – FREE
UBS maintains a 'Buy' on Standard Pacific (NYSE: SPF) price target raised from $5.00 to $6.50.

Analyst, David Goldberg, said, "While Standard Pacific’s 1Q results were impressive—reflecting robust order and top line growth as well as solid profitability—we believe upside persists. Our outlook considers: 1) management has opportunistically acquired lots in various stages of completion in the downturn, which will fuel community count growth and a greater acceleration in sales & 2) the co’s hist’l concentration on move-up buyers creates a competitive advantage as peers increasingly shift their focus to this segment."

UBS raises FY12 EPS estimate $0.08 from $0.12 and FY13 from $0.18 to $0.22.

For an analyst ratings summary and ratings history on Standard Pacific click here. For more ratings news on Standard Pacific click here.

Shares of Standard Pacific closed at $5.40 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities


Add Your Comment