New Jersey Resources Corporation (NJR)
NYSE: NJR · Real-Time Price · USD
46.23
+0.32 (0.70%)
At close: Jul 16, 2025, 4:00 PM
46.23
0.00 (0.00%)
After-hours: Jul 16, 2025, 4:10 PM EDT
New Jersey Resources Stock Forecast
Stock Price Forecast
The 6 analysts that cover New Jersey Resources stock have a consensus rating of "Hold" and an average price target of $51.33, which forecasts a 11.03% increase in the stock price over the next year. The lowest target is $49 and the highest is $54.
Price Target: $51.33 (+11.03%)
Analyst Consensus: Hold
* Price targets were last updated on Jun 13, 2025.
Analyst Ratings
The average analyst rating for New Jersey Resources stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '25 | Mar '25 | Apr '25 | May '25 | Jun '25 | Jul '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 2 | 2 |
| Hold | 3 | 3 | 4 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 5 | 5 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Initiates $49 | Buy | Initiates | $49 | +5.99% | Jun 13, 2025 |
| JP Morgan | JP Morgan | Buy Maintains $56 → $51 | Buy | Maintains | $56 → $51 | +10.32% | May 28, 2025 |
| Mizuho | Mizuho | Hold Maintains $52 → $50 | Hold | Maintains | $52 → $50 | +8.15% | May 15, 2025 |
| Wells Fargo | Wells Fargo | Hold Maintains $51 → $53 | Hold | Maintains | $51 → $53 | +14.64% | May 7, 2025 |
| Jefferies | Jefferies | Hold Initiates $51 | Hold | Initiates | $51 | +10.32% | Apr 1, 2025 |
Financial Forecast
Revenue This Year
1.92B
from 1.80B
Increased by 6.93%
Revenue Next Year
1.98B
from 1.92B
Increased by 2.86%
EPS This Year
3.22
from 2.92
Increased by 10.28%
EPS Next Year
3.14
from 3.22
Decreased by -2.61%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 2.1B | 2.2B | 2.2B | ||
| Avg | 1.9B | 2.0B | 2.1B | ||
| Low | 1.8B | 1.9B | 1.9B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 17.1% | 12.1% | 11.8% | ||
| Avg | 6.9% | 2.9% | 4.0% | ||
| Low | 0.7% | -2.1% | -1.6% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 3.41 | 3.31 | 3.93 | ||
| Avg | 3.22 | 3.14 | 3.47 | ||
| Low | 3.04 | 2.96 | 3.22 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 16.9% | 2.7% | 25.2% | ||
| Avg | 10.3% | -2.6% | 10.6% | ||
| Low | 4.0% | -8.1% | 2.8% |
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.