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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) has been given a consensus recommendation of “Buy” by the seven analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating on the company.

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

Neste OYJ Price Performance

NTOIY opened at $17.01 on Monday. The company has a market capitalization of $26.14 billion and a P/E ratio of 14.84. The company has a 50-day moving average of $16.65 and a 200-day moving average of $15.47. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. Neste OYJ has a 1-year low of $8.27 and a 1-year high of $19.31.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings results on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a return on equity of 21.16% and a net margin of 7.35%.The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.19 billion. Equities analysts expect that Neste OYJ will post 1.62 EPS 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.