Neste OYJ (OTCMKTS:NTOIY) Stock Rating Lowered by The Goldman Sachs Group

Neste OYJ (OTCMKTS:NTOIY) was downgraded by equities researchers at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also recently commented on the stock. UBS Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. 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, Barclays raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Neste OYJ Trading Down 1.1%

Shares of NTOIY stock opened at $16.99 on Thursday. The business’s fifty day moving average price is $13.14 and its 200 day moving average price is $11.23. The firm has a market capitalization of $26.10 billion and a PE ratio of 188.78. 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 has a 1-year low of $3.75 and a 1-year high of $17.31.

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 2.14%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates 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.