Neste OYJ (OTCMKTS:NTOIY) Rating Lowered to “Hold” at Zacks Research

Neste OYJ (OTCMKTS:NTOIY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

Separately, The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

Neste OYJ Stock Down 2.5%

Shares of NTOIY opened at $15.02 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. Neste OYJ has a 52 week low of $9.14 and a 52 week high of $20.29. The stock has a market capitalization of $23.08 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.15 and a beta of -0.51. The stock has a fifty day moving average of $17.95 and a 200-day moving average of $16.28.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.28. The business had revenue of $7.29 billion for the quarter, compared to analyst estimates of $6.36 billion. Neste OYJ had a return on equity of 31.41% and a net margin of 10.79%. As a group, sell-side analysts anticipate that Neste OYJ will post 1.99 earnings per share for the current fiscal year.

About Neste OYJ

Neste Oyj is a Finnish energy company that produces renewable fuels and refines and markets petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, made from renewable raw materials such as waste and residue fats and oils. The company also develops solutions for reducing emissions in the transport and other industries. Neste’s oil products include fuels and feedstocks for the chemical industry. Through its marketing and services business, it supplies fuels and related services to customers, particularly in Finland and the Baltic region.