Neste OYJ (OTCMKTS:NTOIY) Stock Rating Cut to “Hold” at Rothschild & Co Redburn

Neste OYJ (OTCMKTS:NTOIY) was downgraded by equities research analysts at Rothschild & Co Redburn from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday, Zacks reports.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Monday. 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 stock. Based on data from MarketBeat, Neste OYJ has an average rating of “Buy”.

Neste OYJ Trading Up 1.5%

Shares of Neste OYJ stock opened at $15.26 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. The firm has a 50-day moving average of $17.80 and a 200-day moving average of $16.31. Neste OYJ has a 52-week low of $9.14 and a 52-week high of $20.29. The stock has a market cap of $23.44 billion, a PE ratio of 8.12, a PEG ratio of 0.15 and a beta of -0.52.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.28. The business had revenue of $7.29 billion during the quarter, compared to analysts’ expectations of $6.36 billion. Neste OYJ had a net margin of 10.79% and a return on equity of 31.41%. As a group, sell-side analysts forecast that Neste OYJ will post 1.99 EPS for the current year.

Neste OYJ Company Profile

Neste Oyj is a Finnish energy company that produces renewable fuels and refines and markets petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, made from renewable raw materials such as waste and residue fats and oils. The company also develops solutions for reducing emissions in the transport and other industries. Neste’s oil products include fuels and feedstocks for the chemical industry. Through its marketing and services business, it supplies fuels and related services to customers, particularly in Finland and the Baltic region.