Neste OYJ (OTCMKTS:NTOIY) Reaches New 52-Week High – Time to Buy?

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) hit a new 52-week high on Thursday . The company traded as high as $19.59 and last traded at $19.55, with a volume of 5842 shares trading hands. The stock had previously closed at $19.00.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NTOIY shares. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Zacks Research lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Four research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Neste OYJ Trading Up 3.3%

The firm has a market cap of $30.17 billion and a price-to-earnings ratio of 17.13. The company has a fifty day moving average price of $18.01 and a 200-day moving average price of $16.54. 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 posted its earnings results on Friday, July 24th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%.The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.19 billion. As a group, research analysts expect that Neste OYJ – Unsponsored ADR will post 1.73 EPS for the current year.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels and other renewable products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable feedstocks, and renewable solutions for polymers and chemicals. The company also produces and markets conventional oil products, including transportation fuels and refinery products.

Founded in 1948, Neste was established as Finland’s national oil company and was formerly known as Neste Oil. It adopted the name Neste in 2015 as its business increasingly focused on renewable and circular solutions.