Neste OYJ (OTCMKTS:NTOIY) Rating Increased to Moderate Buy at Royal Bank Of Canada

Neste OYJ (OTCMKTS:NTOIY) was upgraded by equities research analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other equities analysts have also issued reports on NTOIY. Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. UBS Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Two 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, the company currently has an average rating of “Moderate Buy”.

Neste OYJ Stock Performance

NTOIY stock opened at $16.08 on Thursday. Neste OYJ has a twelve month low of $3.75 and a twelve month high of $16.14. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64. The company has a market cap of $24.71 billion and a P/E ratio of 178.67. The business’s fifty day moving average is $12.58 and its 200-day moving average is $10.93.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.59 billion. Neste OYJ had a return on equity of 2.13% and a net margin of 0.81%.

About Neste OYJ

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.