Neste OYJ (OTCMKTS:NTOIY) Upgraded at The Goldman Sachs Group

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

Separately, Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Four investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Neste OYJ Trading Up 0.6%

OTCMKTS:NTOIY opened at $18.62 on Thursday. The company has a market cap of $28.61 billion and a P/E ratio of 16.25. The stock’s fifty day moving average price is $17.52 and its two-hundred day moving average price is $16.15. Neste OYJ has a 1 year low of $9.00 and a 1 year high of $19.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 0.81.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings results on Friday, July 24th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.19 billion. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%. As a group, analysts expect that Neste OYJ will post 1.62 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.