Royal Bank Of Canada Upgrades Neste OYJ (OTCMKTS:NTOIY) to “Moderate Buy”

Neste OYJ (OTCMKTS:NTOIY) was upgraded by Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a report issued on Thursday,Zacks.com reports.

Several other brokerages have also commented on NTOIY. Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, UBS Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Neste OYJ Stock Performance

OTCMKTS NTOIY opened at $15.52 on Thursday. Neste OYJ has a 52-week low of $3.75 and a 52-week high of $16.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. The company has a market capitalization of $23.85 billion and a P/E ratio of 172.44. The company has a fifty day moving average of $12.66 and a 200-day moving average of $10.98.

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

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.