Neste OYJ (OTCMKTS:NTOIY) Rating Increased to Strong-Buy at The Goldman Sachs Group

Neste OYJ (OTCMKTS:NTOIY) was upgraded by stock analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday, Zacks reports.

Separately, Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Four investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Neste OYJ has a consensus rating of “Buy”.

Neste OYJ Stock Performance

OTCMKTS NTOIY opened at $18.62 on Thursday. The company has a market capitalization of $28.61 billion and a PE ratio of 16.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. Neste OYJ has a 52-week low of $9.00 and a 52-week high of $19.31. The company has a 50-day simple moving average of $17.52 and a 200 day simple moving average of $16.15.

Neste OYJ (OTCMKTS:NTOIY) last released its earnings results on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.19 billion. On average, research analysts predict that Neste OYJ will post 1.62 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.