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

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) have earned an average recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company.

Separately, Zacks Research lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th.

Neste OYJ Price Performance

NTOIY opened at $18.50 on Friday. The stock has a market cap of $28.43 billion and a P/E ratio of 16.14. Neste OYJ has a 12 month low of $9.00 and a 12 month high of $19.31. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $17.46 and a 200 day simple moving average of $16.13.

Neste OYJ (OTCMKTS:NTOIY) last posted its earnings results on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%. On average, research analysts expect that Neste OYJ will post 1.62 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.