Neste OYJ (OTCMKTS:NTOIY) Upgraded at Barclays

Barclays upgraded shares of Neste OYJ (OTCMKTS:NTOIY) from a hold rating to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. UBS Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Finally, Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Neste OYJ Stock Up 4.4%

Shares of OTCMKTS NTOIY opened at $17.12 on Tuesday. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average of $13.03 and a 200-day moving average of $11.18. The firm has a market capitalization of $26.30 billion and a price-to-earnings ratio of 190.22. Neste OYJ has a 12 month low of $3.75 and a 12 month high of $17.31.

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