​

New Jersey Resources (NJR) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

NJR Stock Forecast

New Jersey Resources (NJR) stock forecast, based on 1 Wall Street analysts, predicts a 12-month average price target of $47.00, with a high of $47.00 and a low of $47.00. This represents a -0.06% decline from the last price of $47.03.

$41 $43 $45 $47 $49 $51 $52 High: $47 Avg: $47 Low: $47 Last Closed Price: $47.03

NJR Stock Rating

New Jersey Resources stock's rating consensus is Hold, based on 1 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 0 Buy (0.00%), 1 Hold (100.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Hold
Total 1 0 1 Strong Sell Sell Hold Buy Strong Buy

NJR Forecast vs Benchmarks

TypeNameUpside
StockNew Jersey Resources-0.06%
SectorUtilities Stocks11.08%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$47.00
Last Closing Price$47.03$47.03$47.03
Upside/Downside---0.06%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25134--8
Dec, 24135-110
Nov, 24235--10
Oct, 24335--11
Sep, 24335--11
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 20, 2024Gabriel MoreenMizuho Securities$47.00$47.69-1.45%-0.06%
Aug 08, 2022Wells Fargo$47.00$44.695.17%-0.06%
Apr 29, 2022Mizuho Securities$45.00$43.353.81%-4.32%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Oct 16, 2024Wells FargoEqual-WeightEqual-Weighthold
Aug 08, 2022Wells FargoEqual-WeightEqual-Weighthold

Financial Forecast

EPS Forecast

Sep 20 Sep 21 Sep 22 Sep 23 Sep 24 Sep 25 Sep 26 Sep 27 Sep 28 Sep 29
Sep 20Sep 21Sep 22Sep 23Sep 24Sep 25Sep 26Sep 27Sep 28Sep 29
Reported$1.72$2.09$2.86$2.73$2.94-----
Avg Forecast$2.07$2.16$2.17$2.70$2.93$3.10$3.11$3.39$3.60$3.85
High Forecast$1.91$2.00$1.74$2.69$2.92$3.05$3.07$3.26$3.59$3.84
Low Forecast$2.17$2.27$2.59$2.70$2.94$3.14$3.14$3.65$3.60$3.86
Surprise %-16.91%-3.24%31.80%1.11%0.34%-----

Revenue Forecast

$2B $2B $2B $3B $3B $4B Sep 20 Sep 21 Sep 22 Sep 23 Sep 24 Sep 25 Sep 26 Sep 27 Sep 28 Sep 29
Sep 20Sep 21Sep 22Sep 23Sep 24Sep 25Sep 26Sep 27Sep 28Sep 29
Reported$1.95B$2.16B$2.91B$1.96B$1.80B-----
Avg Forecast$2.37B$2.22B$2.74B$2.71B$1.97B$1.84B$1.91B$1.98B$2.08B$2.17B
High Forecast$2.23B$2.09B$2.19B$2.70B$1.96B$1.84B$1.91B$1.97B$2.08B$2.17B
Low Forecast$2.47B$2.31B$3.29B$2.71B$1.97B$1.85B$1.92B$1.99B$2.08B$2.18B
Surprise %-17.67%-3.02%5.91%-27.46%-8.61%-----

Net Income Forecast

$50M $120M $190M $260M $330M $400M Sep 20 Sep 21 Sep 22 Sep 23 Sep 24 Sep 25 Sep 26 Sep 27 Sep 28 Sep 29
Sep 20Sep 21Sep 22Sep 23Sep 24Sep 25Sep 26Sep 27Sep 28Sep 29
Reported$163.01M$201.10M$274.92M$264.72M$289.77M-----
Avg Forecast$175.62M$115.44M$229.74M$238.21M$290.93M$305.97M$310.96M$344.19M$356.94M$382.26M
High Forecast$115.02M$58.61M$183.23M$189.96M$290.08M$302.46M$304.36M$323.29M$356.12M$381.38M
Low Forecast$236.22M$172.28M$276.25M$286.47M$291.79M$311.39M$311.27M$362.59M$357.83M$383.21M
Surprise %-7.18%74.20%19.67%11.13%-0.40%-----

NJR Forecast FAQ

Is New Jersey Resources stock a buy?

New Jersey Resources stock has a consensus rating of Hold, based on 1 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 0 Buy, 1 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that New Jersey Resources is a neutral investment for most analysts.

What is New Jersey Resources's price target?

New Jersey Resources's price target, set by 1 Wall Street analysts, averages $47 over the next 12 months. The price target range spans from $47 at the low end to $47 at the high end, suggesting a potential -0.06% change from the previous close price of $47.03.

How does New Jersey Resources stock forecast compare to the average forecast of its sector, industry, and investment themes?

New Jersey Resources stock forecast shows a -0.06% downside, underperforming the average forecast for the utilities stocks sector (11.08%).

What is the breakdown of analyst ratings for New Jersey Resources over the past three months?

  • January 2025: 12.50% Strong Buy, 37.50% Buy, 50.00% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 10.00% Strong Buy, 30.00% Buy, 50.00% Hold, 0% Sell, 10.00% Strong Sell.
  • November 2024: 20.00% Strong Buy, 30.00% Buy, 50.00% Hold, 0% Sell, 0% Strong Sell.

What is New Jersey Resources’s EPS forecast?

New Jersey Resources's average annual EPS forecast for its fiscal year ending in September is 3.1 for 2025, a 5.44% increase from the reported $2.94 in 2024. The prediction for 2026 is $3.11, $3.39 for 2027, $3.6 for 2028, and $3.85 for 2029.

What is New Jersey Resources’s revenue forecast?

New Jersey Resources's average annual revenue forecast for its fiscal year ending in September is $1.84B for 2025, a 2.62% increase from the reported $1.8B in 2024. The forecast for 2026 is $1.91B, $1.98B for 2027, $2.08B for 2028, and $2.17B for 2029.

What is New Jersey Resources’s net income forecast?

For its fiscal year ending in September, New Jersey Resources's average annual net income forecast is $305.97M for 2025, reflecting an 5.59% increase from the reported $289.78M in 2024. The projection for 2026 is $310.96M, $344.19M for 2027, $356.94M for 2028, and $382.26M for 2029.