Neste OYJ (OTCMKTS:NTOIY) Shares Up 5.2% – Here’s Why

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price was up 5.2% on Thursday . The company traded as high as $17.25 and last traded at $17.25. Approximately 20,019 shares traded hands during trading, a decline of 59% from the average daily volume of 49,251 shares. The stock had previously closed at $16.40.

Analysts Set New Price Targets

A number of brokerages have issued reports on NTOIY. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday. UBS Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report 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 issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Neste OYJ Stock Up 3.5%

The firm has a market cap of $26.09 billion and a P/E ratio of 188.67. The company’s 50-day simple moving average is $12.92 and its 200 day simple moving average is $11.13. 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 posted its earnings results 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 business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.59 billion. Neste OYJ had a return on equity of 2.13% and a net margin of 0.81%.

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.