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

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have given a strong buy recommendation to the company.

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

Neste OYJ Stock Up 3.2%

Shares of NTOIY opened at $18.51 on Thursday. The firm has a fifty day moving average price of $16.38 and a 200-day moving average price of $14.72. Neste OYJ has a 12-month low of $7.45 and a 12-month high of $18.66. 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 $28.44 billion and a P/E ratio of 34.28.

Neste OYJ (OTCMKTS:NTOIY) last posted its earnings results on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. The company had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.84 billion. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%. Equities research analysts expect that Neste OYJ will post 1.37 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.