Neste OYJ (OTCMKTS:NTOIY) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Neste OYJ (OTCMKTS:NTOIY) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

A number of other analysts also recently issued reports on the company. The Goldman Sachs Group downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Barclays raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Finally, UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Neste OYJ Stock Down 0.1%

Shares of NTOIY opened at $15.44 on Tuesday. Neste OYJ has a 52-week low of $6.25 and a 52-week high of $18.11. The company has a market capitalization of $23.72 billion and a PE ratio of 28.59. The stock has a fifty day simple moving average of $16.02 and a two-hundred day simple moving average of $13.89. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64.

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