Neste OYJ (OTCMKTS:NTOIY) Upgraded at Zacks Research

Zacks Research upgraded shares of Neste OYJ (OTCMKTS:NTOIY) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks reports.

Separately, The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Neste OYJ Stock Up 0.3%

Shares of OTCMKTS NTOIY opened at $18.01 on Monday. The company’s 50 day moving average price is $18.36 and its 200-day moving average price is $16.99. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. Neste OYJ has a 52-week low of $9.14 and a 52-week high of $20.29. The company has a market capitalization of $27.67 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 0.18 and a beta of -0.82.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings data on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. The company had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Equities analysts forecast that Neste OYJ will post 1.75 earnings per share for the current year.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels, renewable feedstocks and oil-refining products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable gasoline components and solutions for the polymers and chemicals industries. The company uses waste and residue-based raw materials, including used cooking oil and animal fat, in the production of renewable products.

Neste also operates a conventional oil-refining business, supplying products such as gasoline, diesel, jet fuel, base oils and other petroleum products.