Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Receives Consensus Recommendation of “Buy” from Brokerages

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

Several research firms recently weighed in on NTOIY. The Goldman Sachs Group downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Barclays raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Finally, Zacks Research raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th.

Neste OYJ Stock Performance

OTCMKTS NTOIY opened at $16.12 on Wednesday. Neste OYJ has a 1-year low of $5.10 and a 1-year high of $18.11. The company has a market capitalization of $24.76 billion and a P/E ratio of 29.85. The business has a 50 day moving average price of $15.92 and a 200 day moving average price of $13.17. 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 released its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.10. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%.The firm had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.84 billion. Sell-side analysts expect that Neste OYJ will post 1.39 EPS for the current fiscal year.

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.