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 $46.00 (represents a -4.21% downside from NJR’s last price of $48.02) 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 $46.00 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 $45.00. This represents a potential -4.21% downside from NJR's last price of $48.02.
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 |
|---|---|---|---|---|---|---|
| Aug 08, 2022 | - | Wells Fargo | $47.00 | $44.69 | 5.17% | -2.12% |
| Apr 29, 2022 | - | Mizuho Securities | $45.00 | $43.35 | 3.81% | -6.29% |
The latest New Jersey Resources stock forecast, released on Aug 08, 2022 by Wells Fargo company, set a price target of $47.00, which represents a 5.17% increase from the stock price at the time of the forecast ($44.69), and a -2.12% decrease from NJR last price ($48.02).
New Jersey Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $48.02 | $48.02 | $48.02 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
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 $48.02. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 08, 2022 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
New Jersey Resources's last stock rating was published by Wells Fargo on Aug 08, 2022. 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 | Jul 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 | Dec 18 | Sep 18 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | $467.21M | - | $264.07M | $644.03M | $723.57M | $765.49M | - | $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 | $811.77M | $647.33M | $543.43M |
| 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 | $918.23M | $863.20M | $120.76M |
| 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 | $1.10B | $1.04B | $144.91M |
| 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 | $734.58M | $690.56M | $96.60M |
| # Analysts | - | - | - | - | 1 | - | - | 1 | 1 | - | - | - | - | - | - | - | - | - | 7 | 10 | 10 | 10 | 10 | 6 | 6 | 6 | 6 | 15 | 8 | 7 |
| Surprise % | - | - | - | - | - | - | - | 0.57% | - | 0.48% | 0.75% | 1.04% | 1.78% | - | 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% | 0.88% | 0.75% | 4.50% |
New Jersey Resources's average Quarter revenue forecast for Mar 24 based on 0 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 | Jul 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 | Dec 18 | Sep 18 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | - | - | 1 | 1 | - | - | - | - | - | - | - | - | - | 7 | 10 | 10 | 10 | 10 | 6 | 6 | 6 | 6 | 15 | 8 | 7 |
| EBITDA | - | - | - | - | - | - | - | $184.11M | - | $50.02M | $208.05M | $214.13M | $125.20M | - | $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 | $114.61M | $10.37M | $-11.45M |
| Avg Forecast | $51.01M | $51.37M | $51.73M | $52.09M | $79.02M | $55.06M | $198.75M | $157.79M | $147.56M | $106.05M | $180.68M | $135.29M | $54.11M | $81.28M | $164.26M | $202.51M | $49.19M | $-62.49M | $129.73M | $154.55M | $87.74M | $39.67M | $170.14M | $170.01M | $26.07M | $80.70M | $96.43M | $127.89M | $12.97M | $-66.99M |
| High Forecast | $51.01M | $51.37M | $51.73M | $52.09M | $79.02M | $55.06M | $238.50M | $157.79M | $147.56M | $106.05M | $216.82M | $135.29M | $64.93M | $81.28M | $197.11M | $243.01M | $59.03M | $-49.99M | $155.67M | $185.46M | $105.28M | $47.60M | $204.16M | $204.01M | $31.28M | $96.84M | $115.71M | $153.47M | $15.56M | $-53.59M |
| Low Forecast | $51.01M | $51.37M | $51.73M | $52.09M | $79.02M | $55.06M | $159.00M | $157.79M | $147.56M | $106.05M | $144.54M | $135.29M | $43.29M | $81.28M | $131.40M | $162.01M | $39.35M | $-74.99M | $103.78M | $123.64M | $70.19M | $31.73M | $136.11M | $136.01M | $20.85M | $64.56M | $77.14M | $102.31M | $10.37M | $-80.39M |
| Surprise % | - | - | - | - | - | - | - | 1.17% | - | 0.47% | 1.15% | 1.58% | 2.31% | - | 1.06% | 0.95% | 0.89% | 1.35% | 1.82% | 0.94% | 1.00% | 0.43% | 0.80% | 0.78% | 1.00% | 0.30% | 1.09% | 0.90% | 0.80% | 0.17% |
0 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 | Jul 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 | Dec 18 | Sep 18 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | - | - | 1 | 1 | - | - | - | - | - | - | - | - | - | 7 | 10 | 10 | 10 | 10 | 6 | 6 | 6 | 6 | 15 | 8 | 7 |
| Net Income | - | - | - | - | - | - | - | $89.41M | - | $1.53M | $110.25M | $115.92M | $54.52M | - | $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 | $86.25M | $-16.25M | $-14.27M |
| Avg Forecast | $78.20M | $-5.94M | $129.67M | $86.12M | $86.62M | $-5.22M | $108.94M | $71.18M | $30.00M | $-3.97M | $99.04M | $71.17M | $-1.40M | $5.95M | $90.03M | $117.41M | $-1.27M | $-83.09M | $82.39M | $86.01M | $43.27M | $-63.69M | $110.03M | $114.29M | $18.09M | $-27.73M | $67.28M | $96.25M | $-20.32M | $-83.50M |
| High Forecast | $78.20M | $-5.94M | $129.67M | $86.12M | $86.62M | $-5.22M | $130.73M | $86.80M | $40.31M | $-3.97M | $118.84M | $71.17M | $-1.12M | $5.95M | $108.04M | $140.89M | $-1.02M | $-66.47M | $98.87M | $103.21M | $51.93M | $-50.95M | $132.04M | $137.15M | $21.70M | $-22.18M | $80.74M | $115.50M | $-16.25M | $-66.80M |
| Low Forecast | $78.20M | $-5.94M | $129.67M | $86.12M | $86.62M | $-5.22M | $87.15M | $54.68M | $25.31M | $-3.97M | $79.23M | $71.17M | $-1.68M | $5.95M | $72.03M | $93.93M | $-1.53M | $-99.71M | $65.92M | $68.81M | $34.62M | $-76.43M | $88.03M | $91.43M | $14.47M | $-33.27M | $53.83M | $77.00M | $-24.38M | $-100.20M |
| Surprise % | - | - | - | - | - | - | - | 1.26% | - | -0.39% | 1.11% | 1.63% | -38.89% | - | 1.07% | 0.94% | 0.89% | 1.35% | 1.82% | 0.94% | 1.00% | 0.43% | 0.80% | 0.78% | 1.00% | 0.30% | 1.09% | 0.90% | 0.80% | 0.17% |
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 | Jul 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 | Dec 18 | Sep 18 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | - | - | 1 | 1 | - | - | - | - | - | - | - | - | - | 7 | 10 | 10 | 10 | 10 | 6 | 6 | 6 | 6 | 15 | 8 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $23.15M | - | $3.50M | - | $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 | $12.63M | $2.05M | $5.54M |
| Avg Forecast | $3.90M | $3.93M | $3.96M | $3.99M | $6.05M | $4.21M | $35.06M | $12.08M | $11.30M | $8.12M | $31.88M | $10.36M | $4.62M | $6.22M | $28.98M | $17.58M | $4.20M | $4.05M | $10.13M | $11.36M | $1.99M | $12.79M | $19.06M | $15.02M | $1.78M | $13.65M | $14.08M | $14.10M | $2.57M | $32.42M |
| High Forecast | $3.90M | $3.93M | $3.96M | $3.99M | $6.05M | $4.21M | $42.08M | $12.08M | $11.30M | $8.12M | $38.25M | $10.36M | $5.54M | $6.22M | $34.77M | $21.10M | $5.04M | $4.86M | $12.15M | $13.63M | $2.39M | $15.34M | $22.87M | $18.02M | $2.13M | $16.38M | $16.89M | $16.92M | $3.08M | $38.90M |
| Low Forecast | $3.90M | $3.93M | $3.96M | $3.99M | $6.05M | $4.21M | $28.05M | $12.08M | $11.30M | $8.12M | $25.50M | $10.36M | $3.70M | $6.22M | $23.18M | $14.07M | $3.36M | $3.24M | $8.10M | $9.08M | $1.59M | $10.23M | $15.25M | $12.01M | $1.42M | $10.92M | $11.26M | $11.28M | $2.05M | $25.94M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.73% | - | 0.76% | - | 1.07% | 0.95% | 0.89% | 1.35% | 1.82% | 0.94% | 1.00% | 0.43% | 0.80% | 0.78% | 1.00% | 0.30% | 1.09% | 0.90% | 0.80% | 0.17% |
New Jersey Resources's average Quarter SG&A projection for Jun 23 is $8.12M, based on 0 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 | Jul 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 | Dec 18 | Sep 18 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | - | - | 1 | 1 | - | - | - | - | - | - | - | - | - | 7 | 10 | 10 | 10 | 10 | 6 | 6 | 6 | 6 | 15 | 8 | 7 |
| EPS | - | - | - | - | - | - | - | $0.91 | - | $0.02 | $1.14 | $1.20 | $0.57 | - | $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 | $0.97 | $-0.18 | $-0.16 |
| Avg Forecast | $0.79 | $-0.06 | $1.31 | $0.87 | $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 | $0.77 | $-0.55 | $0.12 |
| High Forecast | $0.79 | $-0.06 | $1.31 | $0.87 | $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 | $0.92 | $-0.44 | $0.14 |
| Low Forecast | $0.79 | $-0.06 | $1.31 | $0.87 | $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 | $0.62 | $-0.66 | $0.09 |
| Surprise % | - | - | - | - | - | - | - | 1.27% | - | -0.39% | 0.93% | 1.67% | 1.26% | - | 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% | 1.26% | 0.33% | -1.33% |
According to 0 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 | $23.82 | $36.33 | 52.52% | Hold |
| SR | Spire | $66.92 | $69.33 | 3.60% | Buy |
| NI | NiSource | $34.18 | $35.00 | 2.40% | Buy |
| CPK | Chesapeake Utilities | $123.76 | $120.50 | -2.63% | Hold |
| NJR | New Jersey Resources | $48.02 | $46.00 | -4.21% | Hold |
| OGS | ONE Gas | $73.52 | $68.00 | -7.51% | Hold |
| ATO | Atmos Energy | $138.15 | $124.75 | -9.70% | Buy |
NJR Forecast FAQ
Is New Jersey Resources a good buy?
No, according to 1 Wall Street analysts, New Jersey Resources (NJR) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of NJR's total ratings.
What is NJR's price target?
New Jersey Resources (NJR) average price target is $46 with a range of $45 to $47, implying a -4.21% from its last price of $48.02. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will New Jersey Resources stock go up soon?
According to Wall Street analysts' prediction for NJR stock, the company can go down by -4.21% (from the last price of $48.02 to the average price target of $46), down by -2.12% based on the highest stock price target, and down by -6.29% based on the lowest stock price target.
Can New Jersey Resources stock reach $70?
NJR's average twelve months analyst stock price target of $46 does not support the claim that New Jersey Resources can reach $70 in the near future.
What are New Jersey Resources's analysts' financial forecasts?
New Jersey Resources's analysts financial forecasts for the fiscal year (Sep 2024) are as follows: average revenue is $2.19B (high $2.19B, low $2.19B), average EBITDA is $490.61M (high $530.36M, low $450.86M), average net income is $261.52M (high $298.93M, low $223.24M), average SG&A $57.4M (high $64.42M, low $50.39M), and average EPS is $2.79 (high $2.95, low $2.63). NJR's analysts financial forecasts for the fiscal year (Sep 2025) are as follows: average revenue is $1.06B (high $1.06B, low $1.06B), average EBITDA is $206.21M (high $206.21M, low $206.21M), average net income is $288.04M (high $288.04M, low $288.04M), average SG&A $15.78M (high $15.78M, low $15.78M), and average EPS is $2.91 (high $2.91, low $2.91).
Did the NJR's actual financial results beat the analysts' financial forecasts?
Based on New Jersey Resources's last annual report (Sep 2022), the company's revenue was $2.91B, beating the average analysts forecast of $2.21B by 31.38%. Apple's EBITDA was $558.02M, beating the average prediction of $502.16M by 11.12%. The company's net income was $274.92M, beating the average estimation of $211.99M by 29.69%. Apple's SG&A was $59.44M, beating the average forecast of $57.41M by 3.54%. Lastly, the company's EPS was $2.86, beating the average prediction of $2.45 by 16.73%. In terms of the last quarterly report (Dec 2023), New Jersey Resources's revenue was $467.21M, missing the average analysts' forecast of $812.66M by -42.51%. The company's EBITDA was $184.11M, beating the average prediction of $157.79M by 16.68%. New Jersey Resources's net income was $89.41M, beating the average estimation of $71.18M by 25.62%. The company's SG&A was $0, missing the average forecast of $12.08M by -100.00%. Lastly, the company's EPS was $0.91, beating the average prediction of $0.719 by 26.55%