Sampo (OTCMKTS:SAXPY) Hits New 1-Year High - Time to Buy?

Key Points

• Sampo PLC reached a new 52-week high of $23.52, with a trading volume of 7,942 shares, indicating strong demand.
• Analysts have a consensus rating of "Buy" for Sampo, with one rating it a Strong Buy and another recommending Hold.
• In its most recent quarterly earnings, Sampo reported $0.32 EPS, surpassing analysts' expectations of $0.22 and generating $2.77 billion in revenue.

Shares of Sampo PLC (OTCMKTS:SAXPY - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $23.52 and last traded at $23.52, with a volume of 7942 shares trading hands. The stock had previously closed at $23.09.

Analysts Set New Price Targets

Several research analysts recently weighed in on SAXPY shares. Citigroup reaffirmed a "neutral" rating on shares of Sampo in a research note on Wednesday, September 3rd. Berenberg Bank raised Sampo to a "strong-buy" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

Sampo Stock Performance

The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.43. The firm has a market cap of $121.81 billion, a price-to-earnings ratio of 22.50 and a beta of 0.54. The stock has a fifty day moving average price of $22.55 and a 200 day moving average price of $21.03.

Sampo (OTCMKTS:SAXPY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.10. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.19 billion.

About Sampo

Sampo Oyj, together with its subsidiaries, engages in the provision of non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, and the United Kingdom. The company operates through If, Topdanmark, Hastings, Mandatum, and Holding segments. It offers property, casualty, liability, accident, sickness, household, homeowner, motor, travel, marine, aviation, transport, forest, livestock, health, workers compensation, car, van, and bike insurance services, as well as reinsurance services.