Sampo PLC (OTCMKTS:SAXPY) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Sampo, with two buy ratings, one strong-buy rating and three holds among six analysts. Several firms recently upgraded the stock, including Barclays, Kepler Capital Markets and Goldman Sachs.
• Sampo shares opened at $22.41, up 0.3%, with a market capitalization of approximately $119.03 billion and a beta of 0.39. The stock has traded between $19.93 and $24.43 over the past year.
• Sampo reported quarterly EPS of $0.33, missing the $0.38 analyst consensus, while revenue of $3.67 billion exceeded expectations of $2.96 billion. Analysts expect full-year EPS of $1.27.

Shares of Sampo PLC (OTCMKTS:SAXPY - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

SAXPY has been the subject of several recent research reports. Zacks Research upgraded Sampo from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 30th. Barclays upgraded Sampo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, May 27th. Citigroup reaffirmed a "neutral" rating on shares of Sampo in a research report on Friday, April 24th. Kepler Capital Markets raised Sampo to a "strong-buy" rating in a research note on Thursday, June 25th. Finally, The Goldman Sachs Group upgraded Sampo from a "sell" rating to a "buy" rating in a report on Thursday, July 9th.

Sampo Trading Up 0.3%

Shares of OTCMKTS SAXPY opened at $22.41 on Wednesday. The business has a 50-day moving average price of $21.55 and a two-hundred day moving average price of $21.43. Sampo has a one year low of $19.93 and a one year high of $24.43. The firm has a market capitalization of $119.03 billion, a PE ratio of 15.14 and a beta of 0.39. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31.

Sampo (OTCMKTS:SAXPY - Get Free Report) last issued its earnings results on Wednesday, August 12th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.05). The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.96 billion. As a group, analysts predict that Sampo will post 1.27 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source