Neste OYJ (OTCMKTS:NTOIY) Stock Price Up 5.1% – Time to Buy?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) shares traded up 5.1% during trading on Monday . The stock traded as high as $17.77 and last traded at $17.3840. 3,214 shares traded hands during trading, a decline of 94% from the average session volume of 56,982 shares. The stock had previously closed at $16.54.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NTOIY shares. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. The Goldman Sachs Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Finally, Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Neste OYJ Trading Up 3.1%

The company has a market capitalization of $26.89 billion and a PE ratio of 32.41. 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’s fifty day moving average is $16.25 and its 200-day moving average is $14.51.

Neste OYJ (OTCMKTS:NTOIY) last posted its earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 10.12% and a net margin of 3.78%. On average, analysts anticipate that Neste OYJ – Unsponsored ADR will post 1.37 EPS for the current fiscal year.

About Neste OYJ

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.