Zacks Research Upgrades Sampo (OTCMKTS:SAXPY) to Hold

Sampo (OTCMKTS:SAXPYGet Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

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

Get Our Latest Stock Analysis on Sampo

Sampo Stock Performance

Shares of SAXPY stock opened at $20.96 on Tuesday. The firm has a market cap of $111.33 billion, a price-to-earnings ratio of 14.56 and a beta of 0.39. The company’s 50 day moving average is $20.91 and its 200 day moving average is $21.80. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. Sampo has a 52-week low of $19.93 and a 52-week high of $24.43.

Sampo (OTCMKTS:SAXPYGet Free Report) last issued its quarterly earnings data 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 company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.48 billion. On average, sell-side analysts anticipate that Sampo will post 1.3 EPS for the current fiscal year.

About Sampo

(Get Free Report)

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.

See Also

Analyst Recommendations for Sampo (OTCMKTS:SAXPY)

Receive News & Ratings for Sampo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sampo and related companies with MarketBeat.com's FREE daily email newsletter.