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

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

A number of other research firms also recently weighed in on NTOIY. Royal Bank Of Canada raised shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. The Goldman Sachs Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Finally, UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Neste OYJ Stock Performance

Shares of NTOIY opened at $15.44 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. The company has a market capitalization of $23.72 billion and a price-to-earnings ratio of 28.59. The company’s 50 day simple moving average is $16.02 and its 200 day simple moving average is $13.89. Neste OYJ has a 1 year low of $6.25 and a 1 year high of $18.11.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.10. The business had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.84 billion. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. On average, sell-side analysts predict that Neste OYJ will post 1.39 EPS for the current year.

About Neste OYJ

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.