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

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

Several analysts have commented on the company. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th.

Neste OYJ Trading Up 0.1%

Shares of Neste OYJ stock opened at $18.93 on Thursday. Neste OYJ has a fifty-two week low of $7.63 and a fifty-two week high of $19.05. The firm has a market cap of $29.08 billion and a PE ratio of 35.05. The business’s fifty day moving average is $16.50 and its two-hundred day moving average is $14.91. 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 announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 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 during the quarter, compared to the consensus estimate of $5.84 billion. Analysts anticipate that Neste OYJ will post 1.37 earnings per share 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.