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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) has earned an average rating of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have given a strong buy recommendation to the company.

NTOIY has been the topic of several recent analyst reports. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Zacks Research lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th.

Neste OYJ Trading Up 2.5%

Shares of NTOIY stock opened at $18.98 on Thursday. The company has a market capitalization of $29.16 billion and a P/E ratio of 35.15. Neste OYJ has a 12-month low of $7.50 and a 12-month high of $19.05. 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 firm has a 50-day moving average price of $16.42 and a 200 day moving average price of $14.80.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.10. The firm had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.84 billion. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. Research analysts forecast that Neste OYJ will post 1.37 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.