Neste OYJ (OTCMKTS:NTOIY) Raised to “Strong-Buy” at Zacks Research

Neste OYJ (OTCMKTS:NTOIY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

Separately, The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Neste OYJ Stock Down 1.5%

OTCMKTS:NTOIY opened at $17.96 on Monday. Neste OYJ has a 52 week low of $9.14 and a 52 week high of $20.29. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average is $18.35 and its two-hundred day moving average is $16.98. The stock has a market capitalization of $27.60 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 0.19 and a beta of -0.82.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings results on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. Research analysts anticipate that Neste OYJ will post 1.75 EPS for the current year.

About Neste OYJ

Neste Oyj is a Finland-based company that produces renewable fuels, renewable feedstocks and oil-refining products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable gasoline components and solutions for the polymers and chemicals industries. The company uses waste and residue-based raw materials, including used cooking oil and animal fat, in the production of renewable products.

Neste also operates a conventional oil-refining business, supplying products such as gasoline, diesel, jet fuel, base oils and other petroleum products.