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

Zacks Research upgraded shares of Neste OYJ (OTCMKTS:NTOIY) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

Several other analysts have also recently weighed in on NTOIY. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Barclays upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. The Goldman Sachs Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, Royal Bank Of Canada upgraded Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Neste OYJ Stock Up 1.0%

Shares of OTCMKTS NTOIY opened at $17.34 on Wednesday. The firm has a fifty day simple moving average of $14.99 and a two-hundred day simple moving average of $12.41. Neste OYJ has a 12 month low of $4.89 and a 12 month high of $17.34. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $26.64 billion and a PE ratio of 32.11.

Neste OYJ (OTCMKTS:NTOIY) last announced its earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. The firm had revenue of $6.04 billion for the quarter, compared to analyst estimates of $5.84 billion. Equities analysts expect that Neste OYJ will post 0.98 earnings per share for the current year.

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.