Neste OYJ (OTCMKTS:NTOIY) Cut to “Hold” at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Neste OYJ (OTCMKTS:NTOIY) from a strong-buy rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

NTOIY has been the topic of several other research reports. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. UBS Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Finally, Berenberg Bank raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Neste OYJ Stock Down 1.1%

Shares of Neste OYJ stock opened at $16.99 on Thursday. Neste OYJ has a 12-month low of $3.75 and a 12-month high of $17.31. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $13.14 and a two-hundred day moving average price of $11.24. The stock has a market capitalization of $26.10 billion and a P/E ratio of 188.78.

Neste OYJ (OTCMKTS:NTOIY) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.09 EPS 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 2.14%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.59 billion.

About Neste OYJ

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.