New Jersey Resources Corporation (NJR)

New Jersey Resources Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for NJR stock have an average target of 51, with a low estimate of 47 and a high estimate of 54. The average target predicts an increase of 7.75% from the current stock price of 47.33.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$47	$51	$54	$54
Change	-0.70%	+7.75%	+14.09%	+14.09%

* Price targets were last updated on Dec 12, 2024.

Analyst Ratings

The average analyst rating for NJR stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	1	1
Hold	2	2	3	4	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	3	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Richard Sunderland JP Morgan	JP Morgan	Hold → Buy Upgrades $52 → $54	Hold → Buy	Upgrades	$52 → $54	+14.09%	Dec 12, 2024
Sarah Akers Wells Fargo	Wells Fargo	Hold Maintains $51 → $54	Hold	Maintains	$51 → $54	+14.09%	Nov 27, 2024
Shahriar Pourreza Guggenheim	Guggenheim	Hold Maintains $46 → $49	Hold	Maintains	$46 → $49	+3.53%	Nov 27, 2024
Sarah Akers Wells Fargo	Wells Fargo	Hold Maintains $47 → $51	Hold	Maintains	$47 → $51	+7.75%	Oct 16, 2024
Gabriel Moreen Mizuho	Mizuho	Hold Maintains $45 → $47	Hold	Maintains	$45 → $47	-0.70%	Sep 20, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.86B

Increased by 3.59%

from 1.80B

Revenue Next Year

1.94B

Increased by 4.14%

from 1.86B

EPS This Year

3.06

Increased by 4.93%

from 2.92

EPS Next Year

3.13

Increased by 2.18%

from 3.06

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Sep 30, 2020	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026	Sep 30, 2027
Revenue	1.95B	2.16B	2.91B	1.96B	1.80B	1.86B	1.94B	2.03B
Revenue Growth	-24.63%	10.39%	34.75%	-32.45%	-8.48%	3.59%	4.14%	4.54%
EPS	1.71	1.22	2.85	2.71	2.92	3.06	3.13	3.51
EPS Growth	23.91%	-28.65%	133.61%	-4.91%	7.75%	4.93%	2.18%	12.13%
Forward PE	-	-	-	-	-	15.45	15.12	13.48
No. Analysts	-	-	-	-	-	9	8	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	1.9B	2.0B	2.2B
Avg	1.9B	1.9B	2.0B
Low	1.8B	1.9B	1.9B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	7.9%	8.9%	11.4%
Avg	3.6%	4.1%	4.5%
Low	0.3%	0.5%	-0.6%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	3.31	3.34	3.93
Avg	3.06	3.13	3.51
Low	2.78	2.98	3.24

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	13.3%	9.0%	25.4%
Avg	4.9%	2.2%	12.1%
Low	-4.7%	-2.8%	3.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.