Neste OYJ (OTCMKTS:NTOIY) Trading Up 5.1% – Should You Buy?

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) traded up 5.1% during trading on Monday . The company traded as high as $17.77 and last traded at $17.3840. Approximately 3,214 shares changed hands during trading, a decline of 94% from the average session volume of 56,982 shares. The stock had previously closed at $16.54.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NTOIY. Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. The Goldman Sachs Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Neste OYJ presently has a consensus rating of “Buy”.

Neste OYJ Stock Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95. The company’s fifty day moving average price is $16.26 and its 200 day moving average price is $14.60. The company has a market cap of $27.36 billion and a PE ratio of 32.98.

Neste OYJ (OTCMKTS:NTOIY) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.10. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. The business had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.84 billion. On average, equities research analysts predict that Neste OYJ – Unsponsored ADR will post 1.37 earnings per share for the current year.

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.