Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Given Average Rating of “Buy” by Analysts

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

A number of equities analysts have commented on the stock. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th.

Neste OYJ Stock Performance

Shares of Neste OYJ stock opened at $17.64 on Monday. The company’s 50-day moving average price is $16.68 and its 200-day moving average price is $15.54. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. Neste OYJ has a 12-month low of $8.27 and a 12-month high of $19.31. The company has a market cap of $27.10 billion and a price-to-earnings ratio of 15.39.

Neste OYJ (OTCMKTS:NTOIY) last released its quarterly earnings results on Friday, July 24th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 21.16%. On average, equities analysts expect that Neste OYJ will post 1.62 earnings per share for the current fiscal year.

About Neste OYJ

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.