New Jersey Resources Corporation (NJR)
NYSE: NJR · IEX Real-Time Price · USD
42.68
+0.16 (0.38%)
Jul 2, 2024, 4:00 PM EDT - Market closed
New Jersey Resources Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for NJR stock have an average target of 46, with a low estimate of 45 and a high estimate of 47. The average target predicts an increase of 7.78% from the current stock price of 42.68.
Analyst Consensus: Hold
* Price targets were last updated on Feb 5, 2024.
Analyst Ratings
The average analyst rating for NJR stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 3 | 3 | 2 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 3 | 3 | 3 | 3 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Hold Maintains $47 → $45 | Hold | Maintains | $47 → $45 | +5.44% | Feb 5, 2024 |
| Mizuho | Mizuho | Hold Maintains $49 → $47 | Hold | Maintains | $49 → $47 | +10.12% | Nov 20, 2023 |
| Wells Fargo | Wells Fargo | Hold Maintains $52 → $47 | Hold | Maintains | $52 → $47 | +10.12% | Aug 4, 2023 |
| Guggenheim | Guggenheim | Hold Maintains $46 → $47 | Hold | Maintains | $46 → $47 | +10.12% | Apr 24, 2023 |
| Mizuho | Mizuho | Hold Maintains $46 → $51 | Hold | Maintains | $46 → $51 | +19.49% | Feb 7, 2023 |
Financial Forecast
Revenue This Year
2.05B
from 1.96B
Increased by 4.64%
Revenue Next Year
2.09B
from 2.05B
Increased by 1.85%
EPS This Year
2.97
from 2.71
Increased by 9.41%
EPS Next Year
2.91
from 2.97
Decreased by -1.90%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.3B | 2.3B | 2.4B | 2.6B | 2.7B |
| Avg | 2.1B | 2.1B | 2.2B | 2.4B | 2.5B |
| Low | 1.8B | 1.8B | 1.9B | 2.2B | 2.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.8% | 13.6% | 17.0% | 17.9% | 12.3% |
| Avg | 4.6% | 1.9% | 3.6% | 10.1% | 4.1% |
| Low | -9.6% | -11.9% | -11.6% | 3.7% | -2.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.10 | 3.11 | 3.28 | 3.55 | 3.95 |
| Avg | 2.97 | 2.91 | 3.09 | 3.37 | 3.69 |
| Low | 2.86 | 2.77 | 2.95 | 3.23 | 3.53 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.3% | 4.8% | 12.6% | 14.8% | 17.3% |
| Avg | 9.4% | -1.9% | 6.3% | 8.9% | 9.6% |
| Low | 5.6% | -6.5% | 1.4% | 4.6% | 4.8% |
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.