Neste OYJ (OTCMKTS:NTOIY) Sets New 1-Year High – Time to Buy?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $19.4002 and last traded at $19.2450, with a volume of 2886 shares traded. The stock had previously closed at $18.62.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Four 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. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Neste OYJ Price Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 0.81. The stock has a market capitalization of $29.84 billion and a P/E ratio of 16.95. The company’s 50 day simple moving average is $17.71 and its two-hundred day simple moving average is $16.32.

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

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels and other renewable products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable feedstocks, and renewable solutions for polymers and chemicals. The company also produces and markets conventional oil products, including transportation fuels and refinery products.

Founded in 1948, Neste was established as Finland’s national oil company and was formerly known as Neste Oil. It adopted the name Neste in 2015 as its business increasingly focused on renewable and circular solutions.