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Home โบ Stocks โบ New Jersey Resources Corporation (NJR) Stock Forecast & Price Prediction United States | NYSE | Utilities | Utilities - Regulated Gas
$47.28
-0.70 (-1.46%)10 Quality Stocks Worth Considering Now
Researching NJR (NJR) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 8 Wall Street analysts, NJR has a neutral consensus with a median price target of $53.00 (ranging from $48.00 to $60.00). The overall analyst rating is Buy (7.6/10). Currently trading at $47.28, the median forecast implies a 12.1% upside. This outlook is supported by 4 Buy, 5 Hold, and 0 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for NJR.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
May 7, 2025 | Wells Fargo | Sarah Akers | Equal-Weight | Maintains | $53.00 |
Apr 1, 2025 | Jefferies | Julien Dumoulin-Smith | Hold | Initiates | $51.00 |
Feb 5, 2025 | Guggenheim | Shahriar Pourreza | Neutral | Maintains | $54.00 |
Jan 28, 2025 | JP Morgan | Richard Sunderland | Overweight | Maintains | $52.00 |
Dec 12, 2024 | JP Morgan | Richard Sunderland | Overweight | Upgrade | $54.00 |
Nov 27, 2024 | Guggenheim | Shahriar Pourreza | Neutral | Maintains | $49.00 |
Nov 27, 2024 | Wells Fargo | Sarah Akers | Equal-Weight | Maintains | $54.00 |
Oct 16, 2024 | Wells Fargo | Sarah Akers | Equal-Weight | Maintains | $51.00 |
Sep 20, 2024 | Mizuho | Gabriel Moreen | Neutral | Maintains | $47.00 |
Aug 15, 2024 | JP Morgan | Richard Sunderland | Neutral | Maintains | $49.00 |
Feb 5, 2024 | Mizuho | Gabriel Moreen | Neutral | Maintains | $45.00 |
Nov 20, 2023 | Mizuho | Gabriel Moreen | Neutral | Maintains | $47.00 |
Sep 21, 2023 | JP Morgan | Neutral | Upgrade | $46.00 | |
Aug 4, 2023 | Wells Fargo | Sarah Akers | Equal-Weight | Maintains | $47.00 |
Apr 24, 2023 | Guggenheim | Shahriar Pourreza | Neutral | Maintains | $47.00 |
Feb 7, 2023 | Mizuho | Gabriel Moreen | Neutral | Maintains | $51.00 |
Jan 10, 2023 | Wells Fargo | Sarah Akers | Equal-Weight | Maintains | $50.00 |
Jan 9, 2023 | JP Morgan | Richard Sunderland | Underweight | Maintains | $46.00 |
Nov 18, 2022 | Wells Fargo | Sarah Akers | Equal-Weight | Maintains | $45.00 |
Nov 18, 2022 | Mizuho | Gabriel Moreen | Neutral | Maintains | $46.00 |
The following stocks are similar to NJR based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
New Jersey Resources Corporation has a market capitalization of $4.75B with a P/E ratio of 11.5x. The company generates $2.07B in trailing twelve-month revenue with a 20.0% profit margin.
Revenue growth is +23.0% quarter-over-quarter, while maintaining an operating margin of -7.5% and return on equity of +17.8%.
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Provides energy services in natural gas and clean energy.
The company operates as a regulated natural gas distributor, serving residential, commercial, and industrial customers in New Jersey. It generates revenue through natural gas distribution, transportation, storage, and energy retail services, while also expanding its portfolio with solar energy initiatives.
New Jersey Resources Corporation plays a vital role in supporting local energy needs and contributing to regional economic growth. Its dual focus on traditional energy markets and clean energy solutions positions it well for future growth as the energy landscape shifts towards sustainability.
Utilities
Utilities - Regulated Gas
1,372
Mr. Stephen D. Westhoven
United States
1987
New Jersey Resources (NJR) delivered earnings and revenue surprises of 6.67% and 24.78%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?
New Jersey Resources Corporation (NYSE:NJR) will hold its Q2 2025 Earnings Conference Call on May 6, 2025, at 10:00 AM ET. Key executives will participate in the call.
The scheduled earnings call for New Jersey Resources Corporation allows investors to gauge financial performance and strategic direction, influencing stock valuation and investment decisions.
New Jersey Resources Corporation (NYSE: NJR) reported Q2 fiscal 2025 net income of $204.3 million ($2.04/share), up from $120.8 million ($1.23/share) in Q2 fiscal 2024. NFE was $178.3 million ($1.78/share).
New Jersey Resources' strong Q2 results show significant income growth, indicating improved profitability and financial health, which could positively impact investor confidence and stock performance.
New Jersey Resources (NJR) reported Q4 earnings of $1.76 per share, surpassing the Zacks estimate of $1.65 and up from $1.40 per share year-over-year.
NJR's earnings beat estimates and show year-over-year growth, indicating strong performance and potential for future profitability, which can boost investor confidence and stock value.
New Jersey Resources (NJR) is expected to report earnings that may exceed forecasts, driven by favorable conditions. Investors should prepare for the upcoming report.
NJR's potential earnings beat suggests strong financial performance, which could lead to a positive stock price reaction and increased investor confidence.
New Jersey Natural Gas opened the SAVEGREENยฎ Innovation and Training Annex in Atlantic Highlands, focusing on energy efficiency and workforce development in partnership with Isles, Inc.
NJNG's new facility highlights its commitment to innovation and workforce development, potentially boosting operational efficiency and attracting investment in sustainable energy initiatives.
New Jersey Resources (NJR) has been upgraded to a Zacks Rank #2 (Buy), indicating increased optimism about its earnings prospects.
NJR's upgrade to a Zacks Rank #2 signals increased earnings potential, likely boosting investor confidence and driving stock demand upward.
Based on our analysis of 8 Wall Street analysts, New Jersey Resources Corporation (NJR) has a median price target of $53.00. The highest price target is $60.00 and the lowest is $48.00.
According to current analyst ratings, NJR has 4 Buy ratings, 5 Hold ratings, and 0 Sell ratings. The stock is currently trading at $47.28. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict NJR stock could reach $53.00 in the next 12 months. This represents a 12.1% increase from the current price of $47.28. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company operates as a regulated natural gas distributor, serving residential, commercial, and industrial customers in New Jersey. It generates revenue through natural gas distribution, transportation, storage, and energy retail services, while also expanding its portfolio with solar energy initiatives.
The highest price target for NJR is $60.00 from at , which represents a 26.9% increase from the current price of $47.28.
Price targets from Wall Street analysts for NJR are not currently available. The stock is trading at $47.28.
The overall analyst consensus for NJR is neutral. Out of 8 Wall Street analysts, 4 rate it as Buy, 5 as Hold, and 0 as Sell, with a median price target of $53.00.
Stock price projections, including those for New Jersey Resources Corporation, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.