Sampo (OTCMKTS:SAXPY) Shares Pass Above Fifty Day Moving Average – Here’s Why

Sampo PLC (OTCMKTS:SAXPY) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $21.03 and traded as high as $22.09. Sampo shares last traded at $21.97, with a volume of 62,242 shares changing hands.

Analysts Set New Price Targets

SAXPY has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of Sampo from a “sell” rating to a “buy” rating in a research note on Thursday, July 9th. Kepler Capital Markets upgraded shares of Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. Citigroup reaffirmed a “neutral” rating on shares of Sampo in a report on Friday, April 24th. Zacks Research upgraded shares of Sampo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Barclays raised Sampo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sampo has a consensus rating of “Moderate Buy”.

Sampo Trading Up 0.0%

The company’s fifty day moving average is $21.07 and its two-hundred day moving average is $21.63. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $115.79 billion, a price-to-earnings ratio of 15.14 and a beta of 0.40.

Sampo (OTCMKTS:SAXPY) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.48 billion. On average, research analysts anticipate that Sampo PLC 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.