Neste OYJ (OTCMKTS:NTOIY) Sets New 12-Month High – Time to Buy?

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) hit a new 52-week high during trading on Wednesday . The company traded as high as $18.11 and last traded at $17.89, with a volume of 4002 shares traded. The stock had previously closed at $17.81.

Wall Street Analysts Forecast Growth

NTOIY has been the subject of several research analyst reports. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Neste OYJ Price Performance

The firm has a market capitalization of $27.55 billion and a P/E ratio of 33.20. The stock’s fifty day simple moving average is $16.33 and its 200 day simple moving average is $14.70. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95.

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