Neste OYJ (OTCMKTS:NTOIY) Stock Rating Lowered by Zacks Research

Neste OYJ (OTCMKTS:NTOIY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other analysts have also weighed in on NTOIY. The Goldman Sachs Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Royal Bank Of Canada upgraded Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Barclays upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Finally, UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Neste OYJ Trading Down 0.1%

NTOIY stock opened at $15.44 on Tuesday. Neste OYJ has a 1-year low of $6.25 and a 1-year high of $18.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95. The company has a market capitalization of $23.72 billion and a price-to-earnings ratio of 28.59. The business has a 50 day simple moving average of $16.02 and a two-hundred day simple moving average of $13.89.

Neste OYJ (OTCMKTS:NTOIY) last posted its earnings results on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. The firm had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.84 billion. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%. Research analysts anticipate that Neste OYJ will post 1.39 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.