Neste OYJ (OTCMKTS:NTOIY) Sees Large Volume Increase – Time to Buy?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) shares saw unusually-high trading volume on Monday . Approximately 140,707 shares traded hands during trading, an increase of 163% from the previous session’s volume of 53,598 shares.The stock last traded at $17.27 and had previously closed at $16.45.

Analysts Set New Price Targets

NTOIY has been the topic of several research reports. The Goldman Sachs Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Royal Bank Of Canada upgraded Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Barclays upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, Zacks Research upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Four research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Neste OYJ Price Performance

The company has a market capitalization of $26.69 billion and a P/E ratio of 32.17. The company has a fifty day moving average price of $15.92 and a 200 day moving average price of $13.30. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95.

Neste OYJ (OTCMKTS:NTOIY) last posted its earnings results on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.30 by $0.10. The company had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.84 billion. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%. On average, sell-side analysts forecast that Neste OYJ – Unsponsored ADR will post 1.39 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.