Zacks Research Upgrades Sampo (OTCMKTS:SAXPY) to Strong Sell

Sampo (OTCMKTS:SAXPY) was upgraded by Zacks Research to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also issued reports on SAXPY. Citigroup restated a “neutral” rating on shares of Sampo in a research note on Friday, April 24th. Barclays upgraded Sampo to a “hold” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Sampo Stock Up 0.9%

OTCMKTS SAXPY opened at $20.43 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.34. Sampo has a fifty-two week low of $19.93 and a fifty-two week high of $24.43. The business has a 50 day moving average price of $21.44 and a two-hundred day moving average price of $22.38. The stock has a market cap of $108.51 billion, a PE ratio of 11.88 and a beta of 0.39.

Sampo (OTCMKTS:SAXPY) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.33 billion. As a group, sell-side analysts predict that Sampo will post 1.11 EPS for the current fiscal 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.