New Jersey Resources Corporation (NJR)
NYSE: NJR · Real-Time Price · USD
49.49
+0.58 (1.19%)
May 2, 2025, 4:00 PM EDT - Market closed
New Jersey Resources Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for New Jersey Resources stock have an average target of 51.6, with a low estimate of 47 and a high estimate of 54. The average target predicts an increase of 4.26% from the current stock price of 49.49.
Analyst Consensus: Hold
* Price targets were last updated on Apr 1, 2025.
Analyst Ratings
The average analyst rating for New Jersey Resources stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Hold | 4 | 3 | 3 | 3 | 3 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold Initiates $51 | Hold | Initiates | $51 | +3.05% | Apr 1, 2025 |
| Guggenheim | Guggenheim | Hold Maintains $53 → $54 | Hold | Maintains | $53 → $54 | +9.11% | Feb 5, 2025 |
| JP Morgan | JP Morgan | Buy Maintains $54 → $52 | Buy | Maintains | $54 → $52 | +5.07% | Jan 28, 2025 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $52 → $54 | Hold → Buy | Upgrades | $52 → $54 | +9.11% | Dec 12, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $51 → $54 | Hold | Maintains | $51 → $54 | +9.11% | Nov 27, 2024 |
Financial Forecast
Revenue This Year
1.87B
from 1.80B
Increased by 4.31%
Revenue Next Year
1.94B
from 1.87B
Increased by 3.63%
EPS This Year
3.18
from 2.92
Increased by 8.96%
EPS Next Year
3.15
from 3.18
Decreased by -1.03%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 2.0B | 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 | 11.0% | 8.4% | 11.2% | ||
| Avg | 4.3% | 3.6% | 4.1% | ||
| Low | -0.3% | 0.2% | -0.6% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 3.39 | 3.40 | 3.81 | ||
| Avg | 3.18 | 3.15 | 3.43 | ||
| Low | 3.04 | 2.96 | 3.22 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 16.1% | 6.9% | 21.1% | ||
| Avg | 9.0% | -1.0% | 8.8% | ||
| Low | 4.0% | -7.0% | 2.4% |
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.