Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Given Average Rating of “Buy” by Analysts

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating on the company.

NTOIY has been the subject of a number of recent analyst reports. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Royal Bank Of Canada raised shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. The Goldman Sachs Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th.

Neste OYJ Price Performance

NTOIY stock opened at $15.21 on Friday. The company has a fifty day moving average price of $16.02 and a 200-day moving average price of $13.94. The company has a market capitalization of $23.36 billion and a P/E ratio of 28.16. Neste OYJ has a 52-week low of $6.45 and a 52-week high of $18.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89.

Neste OYJ (OTCMKTS:NTOIY) last released 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. The business had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.84 billion. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. As a group, equities analysts expect that Neste OYJ will post 1.39 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.