Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Stock Now Rated “Buy” by Sell-Side Brokerages

by · The Markets Daily

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY – Get Free Report) has received an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and four have assigned a strong buy rating to the company.

Several research firms have recently weighed in on NTOIY. Zacks Research cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd.

Check Out Our Latest Stock Report on Neste OYJ

Neste OYJ Trading Up 2.9%

Shares of NTOIY opened at $18.23 on Tuesday. Neste OYJ has a twelve month low of $9.14 and a twelve month high of $20.29. The stock has a market cap of $28.01 billion, a PE ratio of 15.91, a P/E/G ratio of 0.18 and a beta of -0.82. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $18.32 and its 200-day moving average price is $16.97.

Neste OYJ (OTCMKTS:NTOIY – Get Free Report) last released its quarterly earnings data on Friday, July 24th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. On average, equities analysts forecast that Neste OYJ will post 1.75 EPS for the current fiscal year.

Neste OYJ Company Profile

(Get Free Report)

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.

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