Neste OYJ (OTCMKTS:NTOIY) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Neste OYJ (OTCMKTS:NTOIY) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks reports.

Separately, The Goldman Sachs Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Five research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Neste OYJ Stock Performance

OTCMKTS NTOIY opened at $17.96 on Monday. Neste OYJ has a 1-year low of $9.14 and a 1-year high of $20.29. The company has a 50 day moving average of $18.35 and a 200-day moving average of $16.98. 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 firm has a market cap of $27.60 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 0.19 and a beta of -0.82.

Neste OYJ (OTCMKTS:NTOIY) last released 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 return on equity of 19.90% and a net margin of 7.35%.The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.19 billion. On average, equities analysts forecast that Neste OYJ will post 1.75 earnings per share for the current fiscal year.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels, renewable feedstocks and oil-refining products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable gasoline components and solutions for the polymers and chemicals industries. The company uses waste and residue-based raw materials, including used cooking oil and animal fat, in the production of renewable products.

Neste also operates a conventional oil-refining business, supplying products such as gasoline, diesel, jet fuel, base oils and other petroleum products.