Neste OYJ (OTCMKTS:NTOIY) Hits New 12-Month High – Should You Buy?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $16.28 and last traded at $16.21, with a volume of 7953 shares trading hands. The stock had previously closed at $15.59.

Analysts Set New Price Targets

NTOIY has been the topic of several recent research reports. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. UBS Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Neste OYJ Price Performance

The business’s 50-day simple moving average is $12.73 and its 200 day simple moving average is $11.05. The company has a market capitalization of $24.86 billion and a P/E ratio of 179.78. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.59 billion. Neste OYJ had a net margin of 0.81% and a return on equity of 2.13%.

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.