Neste OYJ (OTCMKTS:NTOIY) Raised to Strong-Buy at Barclays

Neste OYJ (OTCMKTS:NTOIY) was upgraded by equities researchers at Barclays from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages also recently weighed in on NTOIY. UBS Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada upgraded shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. 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 Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Neste OYJ Stock Up 6.2%

OTCMKTS:NTOIY opened at $16.55 on Tuesday. Neste OYJ has a 1-year low of $3.75 and a 1-year high of $16.64. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95. The firm’s 50-day moving average price is $12.83 and its 200-day moving average price is $11.10. The company has a market capitalization of $25.44 billion and a PE ratio of 183.93.

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

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.