Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY – Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $18.48, but opened at $17.8901. Neste OYJ shares last traded at $17.8150, with a volume of 18,939 shares trading hands.
Wall Street Analysts Forecast Growth
NTOIY has been the topic of several research analyst reports. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Zacks Research upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Five analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.
View Our Latest Analysis on Neste OYJ
Neste OYJ Stock Performance
The firm’s 50 day moving average is $18.55 and its two-hundred day moving average is $17.09. The stock has a market capitalization of $27.40 billion, a PE ratio of 15.56, a P/E/G ratio of 0.17 and a beta of -0.82. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80.
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, topping analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.19 billion. As a group, research analysts predict that Neste OYJ – Unsponsored ADR will post 1.90 earnings per share for the current year.
About Neste OYJ
Neste Oyj is a Finland-based company that produces renewable fuels and refined petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, which are made primarily from waste and residue oils and fats. The company also develops renewable raw-material solutions for the polymers and chemicals industries.
Neste operates traditional oil-refining and marketing businesses alongside its renewable fuels operations. Its products are supplied to transportation, aviation, marine, industrial and chemical customers, as well as through fuel stations and other retail channels in selected markets.
Founded in 1948, Neste was established to secure Finland’s petroleum supply and was formerly known as Neste Oil.
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