Standard Pacific Corp (NYSE: SPF) was downgraded by CRT Capital to a “buy” rating in a research note issued on Tuesday.
Separately, analysts at Zacks Investment Research upgraded shares of Standard Pacific Corp from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 10th. Analysts at Compass Point downgraded shares of Standard Pacific Corp to a “neutral” rating in a research note to investors on Monday, November 14th. They now have a $3.50 price target on the stock. Also, analysts at Raymond James (NYSE: RJF) downgraded shares of Standard Pacific Corp from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, October 31st.
Standard Pacific Corp. is a geographically diversified builder of single-family attached and detached homes. The Company constructs homes within a range of price and size targeting a range of homebuyers. It has operations in metropolitan markets in California, Florida, Arizona, Texas, the Carolinas, Colorado and Nevada. In addition to its core homebuilding operations, the Company also has a mortgage banking subsidiary that originates loans for its homebuyers, which are generally sold in the secondary mortgage market and a title services subsidiary that acts as a title insurance agent performing title examination services for its Texas homebuyers. The Company operates in two segments: homebuilding and financial services.
Shares of Standard Pacific Corp opened at 4.14 on Tuesday. Standard Pacific Corp has a one year low of $2.08 and a one year high of $4.98. The stock’s 50-day moving average is $3.26 and its 200-day moving average is $2.93. The company’s market cap is $821.7 million.