Neste OYJ (OTCMKTS:NTOIY) Stock Gets Downgrade from Zacks Research

Neste OYJ (OTCMKTS:NTOIY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Separately, The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Neste OYJ Price Performance

Shares of Neste OYJ stock opened at $15.02 on Monday. The stock has a market cap of $23.08 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 0.15 and a beta of -0.51. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. The stock has a 50 day moving average price of $17.95 and a 200-day moving average price of $16.28. Neste OYJ has a one year low of $9.14 and a one year high of $20.29.

Neste OYJ (OTCMKTS:NTOIY) last announced its earnings results on Thursday, October 29th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.28. The business had revenue of $7.29 billion for the quarter, compared to the consensus estimate of $6.36 billion. Neste OYJ had a net margin of 10.79% and a return on equity of 31.41%. Equities analysts expect that Neste OYJ will post 1.99 EPS for the current year.

About Neste OYJ

Neste Oyj is a Finnish energy company that produces renewable fuels and refines and markets petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, made from renewable raw materials such as waste and residue fats and oils. The company also develops solutions for reducing emissions in the transport and other industries. Neste’s oil products include fuels and feedstocks for the chemical industry. Through its marketing and services business, it supplies fuels and related services to customers, particularly in Finland and the Baltic region.