Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up – Still a Buy?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $19.5375, but opened at $20.16. Neste OYJ shares last traded at $20.17, with a volume of 3,341 shares traded.

Analysts Set New Price Targets

Several research firms have issued reports on NTOIY. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Four 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 MarketBeat, the stock has an average rating of “Buy”.

Neste OYJ Trading Up 3.0%

The business’s 50-day simple moving average is $18.20 and its two-hundred day simple moving average is $16.73. The firm has a market capitalization of $30.81 billion and a price-to-earnings ratio of 17.50. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 0.50.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. Equities analysts forecast that Neste OYJ – Unsponsored ADR will post 1.73 earnings per share for the current year.

About Neste OYJ

Neste Oyj is a Finland-based company that produces renewable fuels and other renewable products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable feedstocks, and renewable solutions for polymers and chemicals. The company also produces and markets conventional oil products, including transportation fuels and refinery products.

Founded in 1948, Neste was established as Finland’s national oil company and was formerly known as Neste Oil. It adopted the name Neste in 2015 as its business increasingly focused on renewable and circular solutions.