New Jersey Resources (NJR) Stock Forecast, Price Target & Predictions
NJR Stock Forecast
New Jersey Resources stock forecast is as follows: an average price target of $47.00 (represents a -1.53% downside from NJR’s last price of $47.73) and a rating consensus of 'Hold', based on 1 wall street analysts offering a 1-year stock forecast.
NJR Price Target
The average price target for New Jersey Resources (NJR) is $47.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $47.00 to $47.00. This represents a potential -1.53% downside from NJR's last price of $47.73.
NJR Analyst Ratings
According to 1 Wall Street analysts, New Jersey Resources's rating consensus is 'Hold'. The analyst rating breakdown for NJR stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
New Jersey Resources Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 20, 2024 | Gabriel Moreen | Mizuho Securities | $47.00 | $47.69 | -1.45% | -1.53% |
| Aug 08, 2022 | - | Wells Fargo | $47.00 | $44.69 | 5.17% | -1.53% |
| Apr 29, 2022 | - | Mizuho Securities | $45.00 | $43.35 | 3.81% | -5.72% |
The latest New Jersey Resources stock forecast, released on Sep 20, 2024 by Gabriel Moreen from Mizuho Securities, set a price target of $47.00, which represents a -1.45% decrease from the stock price at the time of the forecast ($47.69), and a -1.53% decrease from NJR last price ($47.73).
New Jersey Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $47.00 | $47.00 |
| Last Closing Price | $47.73 | $47.73 | $47.73 |
| Upside/Downside | -100.00% | -1.53% | -1.53% |
In the current month, the average price target of New Jersey Resources stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to New Jersey Resources's last price of $47.73. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 16, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Aug 08, 2022 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
New Jersey Resources's last stock rating was published by Wells Fargo on Oct 16, 2024. The company gave NJR a "Equal-Weight" rating, the same as its previous rate.
New Jersey Resources Financial Forecast
New Jersey Resources Revenue Forecast
| Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | $467.21M | - | $264.07M | $644.03M | $723.57M | $765.49M | $552.34M | $912.32M | $675.84M | $532.53M | $367.59M | $802.19M | $454.31M | $400.04M | $298.97M | $639.61M | $615.04M | $479.08M | $434.94M | $866.25M | $1.02B | $733.55M | $574.19M |
| Avg Forecast | $262.74M | $264.58M | $266.44M | $268.30M | $406.97M | $283.56M | $689.43M | $812.66M | $759.99M | $546.21M | $858.64M | $696.78M | $428.91M | $418.65M | $802.82M | $561.54M | $610.33M | $371.53M | $736.89M | $675.28M | $701.52M | $447.88M | $872.39M | $853.00M | $689.00M | $618.75M | $853.27M | $832.04M | $606.20M | $574.20M |
| High Forecast | $262.74M | $264.58M | $266.44M | $268.30M | $406.97M | $283.56M | $689.43M | $812.66M | $759.99M | $546.21M | $858.64M | $696.78M | $428.91M | $418.65M | $802.82M | $561.54M | $610.33M | $371.53M | $736.89M | $675.28M | $701.52M | $447.88M | $872.39M | $853.00M | $689.00M | $618.75M | $853.27M | $998.45M | $727.44M | $689.04M |
| Low Forecast | $262.74M | $264.58M | $266.44M | $268.30M | $406.97M | $283.56M | $689.43M | $812.66M | $759.99M | $546.21M | $858.64M | $696.78M | $428.91M | $418.65M | $802.82M | $561.54M | $610.33M | $371.53M | $736.89M | $675.28M | $701.52M | $447.88M | $872.39M | $853.00M | $689.00M | $618.75M | $853.27M | $665.63M | $484.96M | $459.36M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 20 | 10 |
| Surprise % | - | - | - | - | - | - | - | 0.57% | - | 0.48% | 0.75% | 1.04% | 1.78% | 1.32% | 1.14% | 1.20% | 0.87% | 0.99% | 1.09% | 0.67% | 0.57% | 0.67% | 0.73% | 0.72% | 0.70% | 0.70% | 1.02% | 1.22% | 1.21% | 1.00% |
New Jersey Resources's average Quarter revenue forecast for Mar 24 based on 1 analysts is $689.43M, with a low forecast of $689.43M, and a high forecast of $689.43M. NJR's average Quarter revenue forecast represents a 47.56% increase compared to the company's last Quarter revenue of $467.21M (Dec 23).
New Jersey Resources EBITDA Forecast
| Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 20 | 10 |
| EBITDA | - | - | - | - | - | - | - | $184.11M | - | $50.02M | $208.05M | $214.13M | $125.20M | $66.97M | $174.44M | $191.99M | $43.73M | $-84.11M | $235.87M | $145.63M | $87.74M | $16.95M | $136.85M | $132.93M | $26.07M | $24.45M | $105.44M | $205.43M | $170.40M | $116.28M |
| Avg Forecast | $51.01M | $51.37M | $51.73M | $52.09M | $79.02M | $55.06M | $198.75M | $157.79M | $147.56M | $106.05M | $180.68M | $189.35M | $83.28M | $81.28M | $164.26M | $109.03M | $118.50M | $72.14M | $129.73M | $131.11M | $136.21M | $86.96M | $170.14M | $165.62M | $133.78M | $120.14M | $96.43M | $159.26M | $134.61M | $116.28M |
| High Forecast | $51.01M | $51.37M | $51.73M | $52.09M | $79.02M | $55.06M | $238.50M | $157.79M | $147.56M | $106.05M | $216.82M | $227.22M | $83.28M | $81.28M | $197.11M | $109.03M | $118.50M | $72.14M | $155.67M | $131.11M | $136.21M | $86.96M | $204.16M | $165.62M | $133.78M | $120.14M | $115.71M | $191.11M | $161.54M | $139.54M |
| Low Forecast | $51.01M | $51.37M | $51.73M | $52.09M | $79.02M | $55.06M | $159.00M | $157.79M | $147.56M | $106.05M | $144.54M | $151.48M | $83.28M | $81.28M | $131.40M | $109.03M | $118.50M | $72.14M | $103.78M | $131.11M | $136.21M | $86.96M | $136.11M | $165.62M | $133.78M | $120.14M | $77.14M | $127.40M | $107.69M | $93.02M |
| Surprise % | - | - | - | - | - | - | - | 1.17% | - | 0.47% | 1.15% | 1.13% | 1.50% | 0.82% | 1.06% | 1.76% | 0.37% | -1.17% | 1.82% | 1.11% | 0.64% | 0.19% | 0.80% | 0.80% | 0.19% | 0.20% | 1.09% | 1.29% | 1.27% | 1.00% |
1 analysts predict NJR's average Quarter EBITDA for Mar 24 to be $198.75M, with a high of $238.50M and a low of $159.00M. This is 7.95% upper than New Jersey Resources's previous annual EBITDA (Dec 23) of $184.11M.
New Jersey Resources Net Income Forecast
| Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 20 | 10 |
| Net Income | - | - | - | - | - | - | - | $89.41M | - | $1.53M | $110.25M | $115.92M | $54.52M | $8.25M | $96.03M | $110.74M | $-1.13M | $-111.83M | $149.81M | $81.05M | $43.27M | $-27.22M | $88.50M | $89.36M | $18.09M | $-8.40M | $73.57M | $140.27M | $114.70M | $73.33M |
| Avg Forecast | $60.87M | $-4.45M | $145.51M | $88.59M | $86.70M | $-5.22M | $108.94M | $71.18M | $30.00M | $-3.97M | $99.04M | $109.78M | $44.89M | $5.94M | $90.03M | $67.11M | $7.80M | $-10.39M | $82.39M | $46.19M | $56.02M | $7.13M | $110.03M | $75.56M | $28.38M | $12.08M | $67.28M | $108.74M | $90.61M | $73.33M |
| High Forecast | $60.87M | $-4.45M | $145.51M | $88.59M | $86.70M | $-5.22M | $130.73M | $86.80M | $40.31M | $-3.97M | $118.84M | $131.74M | $44.89M | $5.94M | $108.04M | $67.11M | $7.80M | $-10.39M | $98.87M | $46.19M | $56.02M | $7.13M | $132.04M | $75.56M | $28.38M | $12.08M | $80.74M | $130.49M | $108.74M | $87.99M |
| Low Forecast | $60.87M | $-4.45M | $145.51M | $88.59M | $86.70M | $-5.22M | $87.15M | $54.68M | $25.31M | $-3.97M | $79.23M | $87.82M | $44.89M | $5.94M | $72.03M | $67.11M | $7.80M | $-10.39M | $65.92M | $46.19M | $56.02M | $7.13M | $88.03M | $75.56M | $28.38M | $12.08M | $53.83M | $86.99M | $72.49M | $58.66M |
| Surprise % | - | - | - | - | - | - | - | 1.26% | - | -0.39% | 1.11% | 1.06% | 1.21% | 1.39% | 1.07% | 1.65% | -0.15% | 10.76% | 1.82% | 1.75% | 0.77% | -3.82% | 0.80% | 1.18% | 0.64% | -0.70% | 1.09% | 1.29% | 1.27% | 1.00% |
New Jersey Resources's average Quarter net income forecast for Mar 24 is $108.94M, with a range of $87.15M to $130.73M. NJR's average Quarter net income forecast represents a 21.84% increase compared to the company's last Quarter net income of $89.41M (Dec 23).
New Jersey Resources SG&A Forecast
| Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 20 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $23.15M | - | $3.50M | $8.36M | $30.91M | $16.67M | $3.73M | $5.46M | $18.41M | $10.70M | $1.99M | $5.46M | $15.33M | $11.74M | $1.78M | $4.14M | $15.39M | $19.60M | $19.89M | $21.21M |
| Avg Forecast | $3.90M | $3.93M | $3.96M | $3.99M | $6.05M | $4.21M | $35.06M | $12.08M | $11.30M | $8.12M | $31.88M | $16.44M | $6.37M | $6.22M | $28.98M | $8.35M | $9.07M | $5.52M | $10.13M | $10.04M | $10.43M | $6.66M | $19.06M | $12.68M | $10.24M | $9.20M | $14.08M | $15.20M | $15.72M | $21.21M |
| High Forecast | $3.90M | $3.93M | $3.96M | $3.99M | $6.05M | $4.21M | $42.08M | $12.08M | $11.30M | $8.12M | $38.25M | $19.73M | $6.37M | $6.22M | $34.77M | $8.35M | $9.07M | $5.52M | $12.15M | $10.04M | $10.43M | $6.66M | $22.87M | $12.68M | $10.24M | $9.20M | $16.89M | $18.24M | $18.86M | $25.46M |
| Low Forecast | $3.90M | $3.93M | $3.96M | $3.99M | $6.05M | $4.21M | $28.05M | $12.08M | $11.30M | $8.12M | $25.50M | $13.15M | $6.37M | $6.22M | $23.18M | $8.35M | $9.07M | $5.52M | $8.10M | $10.04M | $10.43M | $6.66M | $15.25M | $12.68M | $10.24M | $9.20M | $11.26M | $12.16M | $12.57M | $16.97M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.73% | - | 0.55% | 1.34% | 1.07% | 2.00% | 0.41% | 0.99% | 1.82% | 1.07% | 0.19% | 0.82% | 0.80% | 0.93% | 0.17% | 0.45% | 1.09% | 1.29% | 1.27% | 1.00% |
New Jersey Resources's average Quarter SG&A projection for Jun 23 is $8.12M, based on 1 Wall Street analysts, with a range of $8.12M to $8.12M. The forecast indicates a -64.94% fall compared to NJR last annual SG&A of $23.15M (Mar 23).
New Jersey Resources EPS Forecast
| Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 20 | 10 |
| EPS | - | - | - | - | - | - | - | $0.91 | - | $0.02 | $1.14 | $1.20 | $0.57 | $0.09 | $1.00 | $1.15 | $-0.01 | $-1.16 | $1.56 | $0.84 | $0.45 | $-0.28 | $0.93 | $0.97 | $0.20 | $-0.09 | $0.83 | $1.60 | $1.33 | $0.85 |
| Avg Forecast | $0.61 | $-0.04 | $1.47 | $0.90 | $0.88 | $-0.05 | $1.25 | $0.72 | $0.30 | $-0.04 | $1.23 | $0.72 | $0.45 | $0.06 | $1.26 | $0.68 | $0.08 | $-0.10 | $1.18 | $0.47 | $0.57 | $0.07 | $1.48 | $0.76 | $0.29 | $0.12 | $1.20 | $0.75 | $0.79 | $0.91 |
| High Forecast | $0.61 | $-0.04 | $1.47 | $0.90 | $0.88 | $-0.05 | $1.25 | $0.88 | $0.41 | $-0.04 | $1.23 | $0.72 | $0.45 | $0.06 | $1.26 | $0.68 | $0.08 | $-0.10 | $1.18 | $0.47 | $0.57 | $0.07 | $1.48 | $0.76 | $0.29 | $0.12 | $1.20 | $0.90 | $0.95 | $1.09 |
| Low Forecast | $0.61 | $-0.04 | $1.47 | $0.90 | $0.88 | $-0.05 | $1.25 | $0.55 | $0.26 | $-0.04 | $1.23 | $0.72 | $0.45 | $0.06 | $1.26 | $0.68 | $0.08 | $-0.10 | $1.18 | $0.47 | $0.57 | $0.07 | $1.48 | $0.76 | $0.29 | $0.12 | $1.20 | $0.60 | $0.63 | $0.73 |
| Surprise % | - | - | - | - | - | - | - | 1.27% | - | -0.39% | 0.93% | 1.67% | 1.26% | 1.43% | 0.79% | 1.70% | -0.13% | 11.05% | 1.32% | 1.80% | 0.80% | -3.89% | 0.63% | 1.27% | 0.70% | -0.74% | 0.69% | 2.13% | 1.68% | 0.93% |
According to 1 Wall Street analysts, New Jersey Resources's projected average Quarter EPS for Mar 24 is $1.25, with a low estimate of $1.25 and a high estimate of $1.25. This represents a 37.65% increase compared to NJR previous annual EPS of $0.91 (Dec 23).
New Jersey Resources Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| UGI | UGI | $23.49 | $36.33 | 54.66% | Hold |
| SR | Spire | $65.69 | $69.33 | 5.54% | Buy |
| NI | NiSource | $36.25 | $35.80 | -1.24% | Buy |
| NJR | New Jersey Resources | $47.73 | $47.00 | -1.53% | Hold |
| CPK | Chesapeake Utilities | $126.45 | $123.50 | -2.33% | Hold |
| OGS | ONE Gas | $75.09 | $69.83 | -7.00% | Hold |
| ATO | Atmos Energy | $146.51 | $129.00 | -11.95% | Buy |