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

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) have received a consensus recommendation of “Buy” from the seven analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and three have given a strong buy recommendation to the company.

NTOIY has been the topic of a number of research analyst reports. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Zacks Research lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, Royal Bank Of Canada raised shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th.

Neste OYJ Stock Performance

Shares of Neste OYJ stock opened at $15.21 on Friday. Neste OYJ has a fifty-two week low of $6.45 and a fifty-two week high of $18.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95. The firm has a market capitalization of $23.36 billion and a P/E ratio of 28.16. The company’s 50 day moving average price is $16.02 and its two-hundred day moving average price is $13.94.

Neste OYJ (OTCMKTS:NTOIY) last issued its earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. The firm had revenue of $6.04 billion for the quarter, compared to analyst estimates of $5.84 billion. On average, equities analysts forecast that Neste OYJ will post 1.39 earnings per share for the current fiscal year.

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.