Neste OYJ (OTCMKTS:NTOIY) Hits New 1-Year High – Here’s Why

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY – Get Free Report) reached a new 52-week high during trading on Thursday. The stock traded as high as $20.29 and last traded at $19.97, with a volume of 80351 shares trading hands. The stock had previously closed at $19.46.

Analyst Ratings Changes

Several research analysts have issued reports on NTOIY shares. 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. Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Four equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Neste OYJ currently has a consensus rating of “Buy”.

Get Neste OYJ alerts:

Check Out Our Latest Report on Neste OYJ

Neste OYJ Stock Performance

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 market capitalization of $29.76 billion and a PE ratio of 16.90. The firm’s 50-day simple moving average is $18.30 and its two-hundred day simple moving average is $16.82.

Neste OYJ (OTCMKTS:NTOIY – Get Free Report) last released its earnings results on Friday, July 24th. The company reported $0.58 earnings per share (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 return on equity of 19.90% and a net margin of 7.35%. On average, equities research analysts expect that Neste OYJ – Unsponsored ADR will post 1.73 earnings per share for the current fiscal year.

Neste OYJ Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than Neste OYJ
• Costco Ends Its Fiscal Year on a High Note, Eyes Big Expansion
• Cracker Barrel Stock Is Rallying Again, But the Turnaround Still Has a Traffic Problem
• Oracle’s Force Majeure Notice Exposes a Bigger Problem for the AI Build-Out
• Oil May Be Stronger Than It Looks—And Diamondback Is on Sale

Receive News & Ratings for Neste OYJ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neste OYJ and related companies with MarketBeat.com's FREE daily email newsletter.