Neste OYJ (OTCMKTS:NTOIY) Reaches New 12-Month High – Here’s Why

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) reached a new 52-week high on Thursday . The company traded as high as $19.59 and last traded at $19.55, with a volume of 5842 shares trading hands. The stock had previously closed at $19.00.

Analysts Set New Price Targets

A number of equities analysts have commented on NTOIY shares. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Four analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Neste OYJ Stock Performance

The stock has a market cap of $30.47 billion and a price-to-earnings ratio of 17.30. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $18.13 and a 200-day simple moving average of $16.61.

Neste OYJ (OTCMKTS:NTOIY) last released its earnings results on Friday, July 24th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%. Analysts forecast that Neste OYJ – Unsponsored ADR will post 1.73 EPS for the current fiscal year.

About Neste OYJ

Neste Oyj is a Finland-based company that produces renewable fuels and other renewable products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable feedstocks, and renewable solutions for polymers and chemicals. The company also produces and markets conventional oil products, including transportation fuels and refinery products.

Founded in 1948, Neste was established as Finland’s national oil company and was formerly known as Neste Oil. It adopted the name Neste in 2015 as its business increasingly focused on renewable and circular solutions.