Royal Bank Of Canada Upgrades Neste OYJ (OTCMKTS:NTOIY) to Moderate Buy

Neste OYJ (OTCMKTS:NTOIY) was upgraded by equities research analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities analysts also recently weighed in on NTOIY. Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. The Goldman Sachs Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, UBS Group downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Neste OYJ has an average rating of “Moderate Buy”.

Neste OYJ Price Performance

Shares of NTOIY stock opened at $16.08 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95. The stock’s fifty day simple moving average is $12.58 and its 200 day simple moving average is $10.93. Neste OYJ has a one year low of $3.75 and a one year high of $16.14. The firm has a market cap of $24.71 billion and a price-to-earnings ratio of 178.67.

Neste OYJ (OTCMKTS:NTOIY) last announced its earnings results on Thursday, February 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.59 billion. Neste OYJ had a return on equity of 2.13% and a net margin of 0.81%.

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.