Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Given Consensus Rating of “Buy” by Analysts

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

A number of research analysts have recently commented on the company. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. 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. The Goldman Sachs Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th.

Neste OYJ Price Performance

OTCMKTS:NTOIY opened at $15.46 on Friday. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $23.75 billion and a P/E ratio of 28.63. Neste OYJ has a 12 month low of $6.60 and a 12 month high of $18.11. The business’s 50-day moving average is $16.04 and its 200 day moving average is $14.11.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $5.84 billion. On average, equities research 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.