Neste OYJ (OTCMKTS:NTOIY) Stock Rating Lowered by Zacks Research

Neste OYJ (OTCMKTS:NTOIY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada raised shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Neste OYJ Price Performance

NTOIY opened at $15.44 on Tuesday. The company has a fifty day simple moving average of $16.02 and a 200 day simple moving average of $13.89. The firm has a market cap of $23.72 billion and a price-to-earnings ratio of 28.59. Neste OYJ has a twelve month low of $6.25 and a twelve month high of $18.11. 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 released its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share 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 net margin of 3.78% and a return on equity of 10.12%. Equities research analysts expect that Neste OYJ will post 1.39 EPS for the current fiscal 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.