Neste OYJ (OTCMKTS:NTOIY) Upgraded to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Neste OYJ (OTCMKTS:NTOIY) from a hold rating to a strong-buy rating in a research report report published on Thursday,Zacks reports.

Separately, Zacks Research cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Four equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Neste OYJ Price Performance

Shares of OTCMKTS NTOIY opened at $18.62 on Thursday. Neste OYJ has a fifty-two week low of $9.00 and a fifty-two week high of $19.31. The company has a market cap of $28.61 billion and a PE ratio of 16.25. 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 business has a 50-day simple moving average of $17.52 and a two-hundred day simple moving average of $16.15.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. As a group, equities analysts expect that Neste OYJ will post 1.62 EPS for the current fiscal year.

Neste OYJ Company Profile

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.