Neste OYJ (OTCMKTS:NTOIY) Upgraded by Zacks Research to Strong-Buy Rating

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

Other equities research analysts have also issued reports about the stock. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Royal Bank Of Canada raised shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Finally, The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Four investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Neste OYJ currently has an average rating of “Buy”.

Neste OYJ Price Performance

Shares of OTCMKTS:NTOIY opened at $17.34 on Wednesday. The firm’s 50 day moving average price is $14.99 and its 200-day moving average price is $12.41. The stock has a market capitalization of $26.64 billion and a PE ratio of 32.11. Neste OYJ has a twelve month low of $4.89 and a twelve month high of $17.34. 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 released its earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.10. The company had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.84 billion. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. Equities research analysts expect that Neste OYJ will post 0.98 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.