Neste OYJ (OTCMKTS:NTOIY) Rating Increased to Strong-Buy at UBS Group

Key Points

• UBS upgraded Neste OYJ (OTCMKTS:NTOIY) from "hold" to strong-buy, and other brokerages have also revised ratings (Barclays to strong-buy, RBC to moderate buy, Goldman Sachs downgraded), leaving an average analyst rating of "Buy".
• Shares opened at $15.68 with a 52‑week range of $4.47–$17.31, a market cap of $24.09 billion and a P/E of 142.56; Neste last reported EPS of $0.09 (miss) while revenue beat at $5.84 billion.
• Neste is a Finland-based energy company focused on renewable diesel, sustainable aviation fuel and circular solutions, operating one of the world’s largest renewable diesel production networks.

Neste OYJ (OTCMKTS:NTOIY - Get Free Report) was upgraded by equities researchers at UBS Group from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other brokerages have also issued reports on NTOIY. Barclays raised Neste OYJ from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 17th. The Goldman Sachs Group downgraded Neste OYJ from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 19th. Finally, Royal Bank Of Canada upgraded Neste OYJ from a "hold" rating to a "moderate buy" rating in a report on Thursday, March 12th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy".

Neste OYJ Price Performance

Shares of NTOIY stock opened at $15.68 on Friday. Neste OYJ has a 52-week low of $4.47 and a 52-week high of $17.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. The firm has a market capitalization of $24.09 billion and a P/E ratio of 142.56. The stock has a 50 day moving average price of $14.64 and a 200 day moving average price of $12.21.

Neste OYJ (OTCMKTS:NTOIY - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). Neste OYJ had a return on equity of 2.14% and a net margin of 0.81%.The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.59 billion. As a group, sell-side analysts predict that Neste OYJ will post 0.98 earnings per share for the current year.

Neste OYJ Company Profile

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.

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