Neste OYJ (OTCMKTS:NTOIY) Upgraded by Barclays to “Strong-Buy” Rating

Barclays upgraded shares of Neste OYJ (OTCMKTS:NTOIY) from a hold rating to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Finally, UBS Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Neste OYJ Stock Performance

NTOIY opened at $16.55 on Tuesday. The firm’s fifty day simple moving average is $12.83 and its two-hundred day simple moving average is $11.10. Neste OYJ has a 52-week low of $3.75 and a 52-week high of $16.64. The company has a market cap of $25.44 billion and a price-to-earnings ratio of 183.93. 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 (OTCMKTS:NTOIY) last released its 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 return on equity of 2.13% and a net margin of 0.81%.The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations 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.