Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Stock Rated “Buy” by Wall Street Analysts

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) has earned an average rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, one has issued a buy rating and four have assigned a strong buy rating to the company.

NTOIY has been the subject of several analyst reports. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th.

Neste OYJ Trading Up 0.6%

OTCMKTS NTOIY opened at $18.66 on Tuesday. Neste OYJ has a one year low of $9.14 and a one year high of $20.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. The company has a market capitalization of $28.66 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 0.19 and a beta of -0.81. The company’s 50-day simple moving average is $18.29 and its two-hundred day simple moving average is $16.95.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings results on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 net margin of 7.35% and a return on equity of 19.90%. Equities analysts forecast that Neste OYJ will post 1.73 EPS for the current fiscal year.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels, renewable feedstocks and oil-refining products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable gasoline components and solutions for the polymers and chemicals industries. The company uses waste and residue-based raw materials, including used cooking oil and animal fat, in the production of renewable products.

Neste also operates a conventional oil-refining business, supplying products such as gasoline, diesel, jet fuel, base oils and other petroleum products.