Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Receives Consensus Recommendation of “Buy” from Brokerages

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) has received an average rating of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and four have given a strong buy recommendation to the company.

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada raised shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. The Goldman Sachs Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Wednesday.

Neste OYJ Stock Down 0.6%

Neste OYJ stock opened at $17.24 on Friday. The company has a 50-day simple moving average of $14.99 and a 200-day simple moving average of $12.41. The firm has a market capitalization of $26.48 billion and a P/E ratio of 31.92. 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 $4.89 and a one year high of $17.80.

Neste OYJ (OTCMKTS:NTOIY) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.30 by $0.10. The business had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.84 billion. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. As a group, equities analysts expect that Neste OYJ will post 0.98 earnings per share for the current year.

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.