Neste OYJ (OTCMKTS:NTOIY) Upgraded to “Strong-Buy” at UBS Group

UBS Group upgraded shares of Neste OYJ (OTCMKTS:NTOIY) from a hold rating to a strong-buy rating in a research note issued to investors on Friday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Finally, Royal Bank Of Canada upgraded shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Neste OYJ currently has a consensus rating of “Buy”.

Neste OYJ Stock Up 3.4%

NTOIY stock opened at $15.68 on Friday. Neste OYJ has a one year low of $4.47 and a one year high of $17.31. The stock has a market capitalization of $24.09 billion and a PE ratio of 142.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. The company has a fifty day moving average of $14.64 and a 200-day moving average of $12.21.

Neste OYJ (OTCMKTS:NTOIY) last released its earnings results on Thursday, February 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Neste OYJ had a return on equity of 2.14% and a net margin of 0.81%.The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.59 billion. As a group, analysts expect that Neste OYJ will post 0.98 EPS 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.