Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Stock Now Rated “Strong Buy” by Sell-Side Brokerages

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) have been given an average rating of “Strong Buy” by the seven research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, one has given a buy recommendation and five have given a strong buy recommendation to the company.

A number of equities analysts have issued reports on NTOIY shares. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Zacks Research raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th.

Neste OYJ Stock Performance

Shares of NTOIY stock opened at $17.48 on Friday. The firm has a market cap of $26.86 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 0.16 and a beta of -0.82. The stock’s 50-day moving average is $18.58 and its two-hundred day moving average is $17.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. Neste OYJ has a 1 year low of $9.14 and a 1 year high of $20.29.

Neste OYJ (OTCMKTS:NTOIY) last issued its earnings results on Friday, July 24th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.19 billion. Analysts predict that Neste OYJ will post 1.90 earnings per share for the current year.

About Neste OYJ

Neste Oyj is a Finland-based company that produces renewable fuels and refined petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, which are made primarily from waste and residue oils and fats. The company also develops renewable raw-material solutions for the polymers and chemicals industries.

Neste operates traditional oil-refining and marketing businesses alongside its renewable fuels operations. Its products are supplied to transportation, aviation, marine, industrial and chemical customers, as well as through fuel stations and other retail channels in selected markets.

Founded in 1948, Neste was established to secure Finland’s petroleum supply and was formerly known as Neste Oil.