Neste OYJ (OTCMKTS:NTOIY) Raised to Strong-Buy at Barclays

Neste OYJ (OTCMKTS:NTOIY) was upgraded by equities researchers at Barclays from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

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

Neste OYJ Stock Performance

Shares of OTCMKTS NTOIY opened at $16.40 on Tuesday. The stock has a market cap of $25.20 billion and a PE ratio of 182.22. Neste OYJ has a 1 year low of $3.75 and a 1 year high of $17.10. The firm has a fifty day moving average price of $12.92 and a 200-day moving average price of $11.13. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95.

Neste OYJ (OTCMKTS:NTOIY) last released its earnings results on Thursday, February 5th. The company reported $0.09 earnings per share 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 for 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.