Neste OYJ (OTCMKTS:NTOIY) Stock Rating Cut to “Hold” at Zacks Research

Neste OYJ (OTCMKTS:NTOIY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Separately, The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Four investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Neste OYJ Price Performance

Shares of OTCMKTS:NTOIY opened at $15.02 on Monday. The company’s 50 day moving average is $17.95 and its 200 day moving average is $16.28. The company has a market cap of $23.08 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 0.15 and a beta of -0.51. Neste OYJ has a twelve month low of $9.14 and a twelve month high of $20.29. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Neste OYJ (OTCMKTS:NTOIY) last issued its earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.28. The firm had revenue of $7.29 billion for the quarter, compared to the consensus estimate of $6.36 billion. Neste OYJ had a return on equity of 31.41% and a net margin of 10.79%. On average, sell-side analysts forecast that Neste OYJ will post 1.99 EPS for the current year.

About Neste OYJ

Neste Oyj is a Finnish energy company that produces renewable fuels and refines and markets petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, made from renewable raw materials such as waste and residue fats and oils. The company also develops solutions for reducing emissions in the transport and other industries. Neste’s oil products include fuels and feedstocks for the chemical industry. Through its marketing and services business, it supplies fuels and related services to customers, particularly in Finland and the Baltic region.