Neste OYJ (OTCMKTS:NTOIY) Reaches New 52-Week High – Should You Buy?

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) hit a new 52-week high on Wednesday . The stock traded as high as $18.11 and last traded at $17.89, with a volume of 4002 shares. The stock had previously closed at $17.81.

Wall Street Analyst Weigh In

NTOIY has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. The Goldman Sachs Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Three 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Neste OYJ Stock Performance

The stock has a 50 day simple moving average of $16.26 and a 200 day simple moving average of $14.60. The company has a market cap of $27.18 billion and a price-to-earnings ratio of 32.76. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64.

Neste OYJ (OTCMKTS:NTOIY) last posted its earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. The business had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.84 billion. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%. As a group, analysts predict that Neste OYJ – Unsponsored ADR will post 1.37 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.