Neste OYJ (OTCMKTS:NTOIY) Upgraded by Barclays to “Strong-Buy” Rating

Neste OYJ (OTCMKTS:NTOIY) was upgraded by equities research analysts at Barclays from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

NTOIY has been the topic of a number of other research reports. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. UBS Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Berenberg Bank upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. 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 stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Neste OYJ Stock Up 6.2%

Shares of OTCMKTS NTOIY opened at $16.55 on Tuesday. Neste OYJ has a 52-week low of $3.75 and a 52-week high of $16.64. The firm has a market capitalization of $25.44 billion and a price-to-earnings ratio of 183.93. The stock has a 50 day moving average price of $12.83 and a 200 day moving average price of $11.10. 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 released its quarterly earnings data on Thursday, February 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Neste OYJ had a return on equity of 2.13% and a net margin of 0.81%.The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.59 billion.

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.