Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up Following Analyst Upgrade

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price gapped up before the market opened on Wednesday after Barclays upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $16.5540, but opened at $17.10. Neste OYJ shares last traded at $16.27, with a volume of 7,792 shares trading hands.

A number of other research analysts have also recently commented on NTOIY. Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Royal Bank Of Canada upgraded Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, UBS Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Neste OYJ Stock Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95. The stock has a 50-day moving average price of $12.83 and a 200-day moving average price of $11.10. The firm has a market capitalization of $25.00 billion and a PE ratio of 180.78.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Neste OYJ had a net margin of 0.81% and a return on equity of 2.13%. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.59 billion.

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.