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

Sampo (OTCMKTS:SAXPY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

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

Sampo Trading Up 0.0%

SAXPY stock opened at $20.96 on Tuesday. 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 twelve month low of $19.93 and a twelve month high of $24.43. The stock has a market capitalization of $111.33 billion, a price-to-earnings ratio of 14.56 and a beta of 0.39. The firm’s fifty day simple moving average is $20.91 and its two-hundred day simple moving average is $21.80.

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

Sampo Company Profile

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.