Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY) Stock Rated "Strong Buy" by Wall Street Analysts

Key Points

• Wall Street analysts rate Neste OYJ a consensus “Strong Buy.” Of seven analysts covering the stock, five issued strong-buy ratings, one rated it a buy, and one assigned a hold; Zacks Research and Goldman Sachs recently upgraded the shares.
• NTOIY opened at $17.48, with a 12-month trading range of $9.14 to $20.29 and a market capitalization of approximately $26.86 billion.
• Neste reported quarterly EPS of $0.58, exceeding estimates of $0.56, although revenue of $6.81 billion fell short of the $7.19 billion consensus forecast. Analysts expect full-year EPS of $1.90.

Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) has been assigned a consensus recommendation of "Strong Buy" from the seven research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, one has issued a buy rating and five have issued a strong buy rating on the company.

NTOIY has been the subject of a number of recent analyst reports. Zacks Research upgraded Neste OYJ from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 5th. The Goldman Sachs Group upgraded Neste OYJ from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 3rd.

Neste OYJ Price Performance

OTCMKTS NTOIY opened at $17.48 on Friday. The firm's 50 day moving average is $18.58 and its 200-day moving average is $17.14. Neste OYJ has a 12-month low of $9.14 and a 12-month high of $20.29. The company has a market capitalization of $26.86 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.16 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.

Neste OYJ (OTCMKTS:NTOIY - Get Free Report) last issued its earnings results on Friday, July 24th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. Equities research analysts anticipate that Neste OYJ will post 1.90 earnings per share for the current fiscal 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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