Standard Pacific Corp. (NYSE:SPF) upgraded from an “underweight” to a “neutral” rating

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Dallas, Texas 07/10/2013 (Financialstrend) – Standard Pacific Corp. (NYSE:SPF) was upgraded from an “underweight” to a “neutral” rating in an investigation report issued by equity researchers of JPMorgan Chase & Co. The company announced that it will announce its 2013 second quarter results after the market close of the NYSE on Thursday, July 25, 2013. On Friday, July 26, 2013 the company will also broadcast a slide show and arrange a conference call and audio presentation over the internet.

Several analysts have recently commented on the stock. Sidoti Analysts assigned a “buy”’ rating on shares of Standard Pacific Corp, after analysts at JP Morgan Cazenove upgraded shares of Standard Pacific Corp. from “underweight” to “market neutral” in a research note to investors. Six analysts have assigned a “buy” rating, whereas four have rated the stock with a “hold” rating. Standard Pacific Corp. currently has an average rating of “buy”.

Standard Pacific Corp. (NYSE:SPF) shares are currently trading at $8.10, up by 0.37%.

More than 6.68 million shares were traded in Tuesday’s trading session, close to the average volume of 6.74 million shares. With 119 percent institutional ownership, Standard Pacific Corp. (NYSE:SPF) has a market cap of $1.74 billion and outstanding shares of 216.10 million.

Standard Pacific Homes (NYSE:SPF) has been building beautiful, high-quality homes since its founding in Southern California in 1965. The company is currently offering new homes in major metropolitan areas in California, Arizona, Florida, Colorado, North Carolina, Texas and South Carolina.

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