Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Given Average Rating of “Buy” by Analysts

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) have been given an average rating of “Buy” by the seven analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and four have issued a strong buy recommendation on the company.

A number of brokerages have recently commented on NTOIY. Zacks Research lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd.

Neste OYJ Stock Down 1.3%

OTCMKTS:NTOIY opened at $19.16 on Friday. The company has a market cap of $29.44 billion and a price-to-earnings ratio of 16.72. Neste OYJ has a twelve month low of $9.00 and a twelve month high of $19.58. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $17.78 and a 200-day simple moving average of $16.36.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings results on Friday, July 24th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.19 billion. Analysts anticipate that Neste OYJ will post 1.73 EPS for the current year.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels and other renewable products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable feedstocks, and renewable solutions for polymers and chemicals. The company also produces and markets conventional oil products, including transportation fuels and refinery products.

Founded in 1948, Neste was established as Finland’s national oil company and was formerly known as Neste Oil. It adopted the name Neste in 2015 as its business increasingly focused on renewable and circular solutions.