Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Given Average Recommendation of “Buy” by Brokerages

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) has been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company.

NTOIY has been the subject of a number of recent research reports. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th.

Neste OYJ Stock Up 2.4%

Shares of NTOIY stock opened at $17.64 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. Neste OYJ has a fifty-two week low of $8.27 and a fifty-two week high of $19.31. The firm has a market capitalization of $27.10 billion and a PE ratio of 15.39. The stock’s 50-day simple moving average is $16.68 and its 200-day simple moving average is $15.52.

Neste OYJ (OTCMKTS:NTOIY) last issued 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 company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 21.16%. Equities analysts expect that Neste OYJ will post 1.62 earnings per share 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.