Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up Following Analyst Upgrade

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price gapped up before the market opened on Wednesday after Barclays upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $16.5540, but opened at $17.10. Neste OYJ shares last traded at $16.27, with a volume of 7,792 shares traded.

A number of other analysts also recently issued reports on the company. Berenberg Bank raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. UBS Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada upgraded shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Finally, The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Neste OYJ Trading Down 0.9%

The business has a fifty day moving average price of $12.92 and a two-hundred day moving average price of $11.13. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $25.20 billion and a PE ratio of 182.22.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Neste OYJ had a net margin of 0.81% and a return on equity of 2.13%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.59 billion.

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.