Neste OYJ (OTCMKTS:NTOIY) Rating Lowered to Hold at The Goldman Sachs Group

Neste OYJ (OTCMKTS:NTOIY) was downgraded by equities research analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other analysts have also recently weighed in on NTOIY. Berenberg Bank upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. UBS Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Royal Bank Of Canada upgraded Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Neste OYJ Trading Up 4.4%

OTCMKTS:NTOIY opened at $17.12 on Thursday. The company has a market capitalization of $26.30 billion and a PE ratio of 190.22. Neste OYJ has a 52-week low of $3.75 and a 52-week high of $17.31. The stock’s 50 day moving average price is $13.03 and its 200 day moving average price is $11.18. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64.

Neste OYJ (OTCMKTS:NTOIY) last issued 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 firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Neste OYJ had a net margin of 0.81% and a return on equity of 2.13%.

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.