Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up After Analyst Upgrade

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped up before the market opened on Wednesday after Barclays upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $16.5540, but opened at $17.10. Neste OYJ shares last traded at $16.27, with a volume of 7,792 shares trading hands.

NTOIY has been the subject of a number of other research reports. 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. Berenberg Bank upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. UBS Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Neste OYJ Price Performance

The firm has a market cap of $26.30 billion and a P/E ratio of 190.22. The company has a fifty day moving average of $13.03 and a 200-day moving average of $11.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95.

Neste OYJ (OTCMKTS:NTOIY) last posted its earnings results on Thursday, February 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Neste OYJ had a return on equity of 2.13% and a net margin of 0.81%.The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.59 billion.

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.