Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY – Get Free Report) rose 4.9% during trading on Tuesday . The company traded as high as $19.10 and last traded at $19.10. 11,633 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 53,590 shares. The stock had previously closed at $18.21.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Zacks Research cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Four analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.
Read Our Latest Analysis on Neste OYJ
Neste OYJ Trading Up 6.0%
Neste OYJ (OTCMKTS:NTOIY – Get Free Report) last posted its earnings results on Friday, July 24th. The company reported $0.58 EPS for the quarter, beating 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 firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.19 billion. On average, equities research analysts expect that Neste OYJ – Unsponsored ADR will post 1.73 EPS for the current fiscal year.
About Neste OYJ
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.
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