Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Receives Average Recommendation of “Buy” from Brokerages

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

NTOIY has been the subject of a number of analyst reports. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th.

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Neste OYJ Trading Down 5.3%

OTCMKTS NTOIY opened at $17.72 on Tuesday. The firm has a market cap of $27.23 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.19 and a beta of -0.82. Neste OYJ has a 1-year low of $9.14 and a 1-year high of $20.29. The stock has a 50-day moving average of $18.29 and a 200-day moving average of $16.95. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Neste OYJ (OTCMKTS:NTOIY – Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $6.81 billion for 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%. As a group, sell-side analysts forecast that Neste OYJ will post 1.75 EPS for the current year.

Neste OYJ Company Profile

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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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