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

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

Several equities research analysts have recently commented on NTOIY shares. The Goldman Sachs Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Barclays upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Finally, Zacks Research upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th.

Neste OYJ Price Performance

Shares of NTOIY opened at $17.18 on Wednesday. The company has a 50 day moving average of $15.93 and a two-hundred day moving average of $13.35. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64. Neste OYJ has a twelve month low of $5.18 and a twelve month high of $18.11. The company has a market cap of $26.40 billion and a price-to-earnings ratio of 31.81.

Neste OYJ (OTCMKTS:NTOIY) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%.The company had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.84 billion. As a group, analysts predict that Neste OYJ will post 1.39 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.