Neste OYJ (OTCMKTS:NTOIY) Reaches New 1-Year High – Here’s Why

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $13.10 and last traded at $13.05, with a volume of 7370 shares changing hands. The stock had previously closed at $12.52.

Analysts Set New Price Targets

NTOIY has been the topic of a number of research analyst reports. Berenberg Bank upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. The Goldman Sachs Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, UBS Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Neste OYJ Price Performance

The firm’s fifty day moving average price is $12.05 and its 200 day moving average price is $10.61.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.59 billion.

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.