Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Receives Consensus Recommendation of “Buy” from Analysts

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) has been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and four have given a strong buy recommendation to the company.

A number of equities research analysts recently weighed in on the stock. Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. 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. 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, UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th.

Neste OYJ Price Performance

Neste OYJ stock opened at $16.21 on Friday. Neste OYJ has a 52-week low of $4.99 and a 52-week high of $18.11. The firm has a fifty day moving average of $15.23 and a 200-day moving average of $12.59. The firm has a market capitalization of $24.91 billion and a P/E ratio of 30.02. 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 released its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.10. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. The company had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.84 billion. As a group, analysts predict that Neste OYJ will post 1.39 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.