UBS Maintains a 'Buy' on Standard Pacific (SPF); Best Risk/Reward
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Price: $8.00 --0%
Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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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.
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.
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