Sampo (OTCMKTS:SAXPY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Sampo (OTCMKTS:SAXPY) from a strong sell rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

A number of other analysts have also recently issued reports on SAXPY. Citigroup restated a “neutral” rating on shares of Sampo in a research note on Friday, April 24th. Kepler Capital Markets upgraded shares of Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, Barclays raised shares of Sampo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Sampo Stock Up 0.0%

SAXPY stock opened at $20.96 on Tuesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $111.33 billion, a PE ratio of 14.56 and a beta of 0.39. Sampo has a 1-year low of $19.93 and a 1-year high of $24.43. The business’s 50 day simple moving average is $20.91 and its 200 day simple moving average is $21.80.

Sampo (OTCMKTS:SAXPY) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.48 billion. As a group, research analysts anticipate that Sampo will post 1.3 EPS for the current year.

About Sampo

Sampo plc is a Finland-based insurance and financial services group that primarily underwrites property and casualty (P&C) insurance while also offering life insurance and related financial products. The company operates through subsidiaries that provide a mix of retail and corporate insurance solutions, claims handling and risk management services. Its business model emphasizes underwriting discipline and diversified exposure across personal, commercial and specialty insurance lines.

Sampo’s operations include well-known subsidiaries that deliver core products and services: a Nordic P&C insurer that writes motor, property, liability and specialty lines, and a life insurance and wealth management arm that offers savings, pension solutions and asset management services.