Neste OYJ (OTCMKTS:NTOIY) Upgraded to “Moderate Buy” at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Neste OYJ (OTCMKTS:NTOIY) from a hold rating to a moderate buy rating in a research note released on Thursday morning,Zacks.com reports.

NTOIY has been the topic of a number of other research reports. UBS Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Neste OYJ currently has an average rating of “Moderate Buy”.

Neste OYJ Stock Up 9.4%

Neste OYJ stock opened at $16.08 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. Neste OYJ has a one year low of $3.75 and a one year high of $16.14. The company has a 50-day simple moving average of $12.58 and a 200-day simple moving average of $10.93. The firm has a market capitalization of $24.71 billion and a P/E ratio of 178.67.

Neste OYJ (OTCMKTS:NTOIY) last posted its earnings results on Thursday, February 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Neste OYJ had a net margin of 0.81% and a return on equity of 2.13%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.59 billion.

Neste OYJ Company Profile

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.