Neste OYJ (OTCMKTS:NTOIY) Stock Rating Upgraded by The Goldman Sachs Group

Neste OYJ (OTCMKTS:NTOIY) was upgraded by The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday, Zacks reports.

Separately, Zacks Research cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Neste OYJ Trading Up 0.6%

NTOIY opened at $18.62 on Thursday. The firm’s 50 day moving average is $17.52 and its 200-day moving average is $16.15. Neste OYJ has a 52-week low of $9.00 and a 52-week 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 firm has a market capitalization of $28.61 billion and a P/E ratio of 16.25.

Neste OYJ (OTCMKTS:NTOIY) last released its quarterly earnings results on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.19 billion. Analysts expect that Neste OYJ will post 1.62 EPS for the current fiscal 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.