Neste OYJ (OTCMKTS:NTOIY) Reaches New 52-Week High – Time to Buy?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price hit a new 52-week high on Thursday . The company traded as high as $19.59 and last traded at $19.55, with a volume of 5842 shares traded. The stock had previously closed at $19.00.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Zacks Research lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Four 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 company. According to MarketBeat.com, Neste OYJ presently has an average rating of “Buy”.

Neste OYJ Price Performance

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 company has a market capitalization of $30.17 billion and a price-to-earnings ratio of 17.13. The stock’s 50-day simple moving average is $18.01 and its two-hundred day simple moving average is $16.54.

Neste OYJ (OTCMKTS:NTOIY) last announced its earnings results on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $6.81 billion for 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%. Equities research analysts predict that Neste OYJ – Unsponsored ADR will post 1.73 earnings per share for the current year.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels and other renewable products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable feedstocks, and renewable solutions for polymers and chemicals. The company also produces and markets conventional oil products, including transportation fuels and refinery products.

Founded in 1948, Neste was established as Finland’s national oil company and was formerly known as Neste Oil. It adopted the name Neste in 2015 as its business increasingly focused on renewable and circular solutions.