Neste OYJ (OTCMKTS:NTOIY) Raised to “Strong-Buy” at UBS Group

Neste OYJ (OTCMKTS:NTOIY) was upgraded by analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Finally, 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. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Neste OYJ presently has an average rating of “Buy”.

Neste OYJ Trading Up 3.4%

OTCMKTS:NTOIY opened at $15.68 on Friday. Neste OYJ has a 52 week low of $4.47 and a 52 week high of $17.31. The company’s 50 day moving average price is $14.64 and its 200-day moving average price is $12.23. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64. The stock has a market cap of $24.09 billion and a price-to-earnings ratio of 142.56.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Neste OYJ had a return on equity of 2.14% and a net margin of 0.81%.The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.59 billion. On average, equities research analysts forecast that Neste OYJ will post 0.98 earnings per share 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.