Neste OYJ (OTCMKTS:NTOIY) Reaches New 12-Month High on Analyst Upgrade

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price reached a new 52-week high during trading on Tuesday after Barclays upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $16.28 and last traded at $16.21, with a volume of 7953 shares. The stock had previously closed at $15.59.

A number of other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. UBS Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Finally, Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Neste OYJ has a consensus rating of “Buy”.

Neste OYJ Price Performance

The company’s 50-day simple moving average is $12.92 and its 200 day simple moving average is $11.13. The company has a market cap of $25.20 billion and a PE ratio of 182.22. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.09 earnings per share 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 analysts’ expectations 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.