New Jersey Resources Corporation (NJR)
NYSE: NJR · Real-Time Price · USD
49.18
+0.39 (0.80%)
Nov 21, 2024, 11:08 AM EST - Market open

New Jersey Resources Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for NJR stock have an average target of 49, with a low estimate of 47 and a high estimate of 51. The average target predicts a decrease of -0.37% from the current stock price of 49.18.

Analyst Consensus: Hold
Target Low Average Median High
Price $47 $49 $49 $51
Change -4.43% -0.37% -0.37% +3.70%
* Price targets were last updated on Oct 16, 2024.

Analyst Ratings

The average analyst rating for NJR stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 000000
Buy 000000
Hold 442233
Sell 000000
Strong Sell 000000
Total 442233

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Wells Fargo
Wells Fargo
Hold
Maintains
$47$51
Hold Maintains $47$51 +3.70% Oct 16, 2024
Mizuho
Mizuho
Hold
Maintains
$45$47
Hold Maintains $45$47 -4.43% Sep 20, 2024
JP Morgan
JP Morgan
Hold
Maintains
$48$49
Hold Maintains $48$49 -0.37% Aug 15, 2024
Mizuho
Mizuho
Hold
Maintains
$47$45
Hold Maintains $47$45 -8.50% Feb 5, 2024
Mizuho
Mizuho
Hold
Maintains
$49$47
Hold Maintains $49$47 -4.43% Nov 20, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
2.05B
from 1.96B
Increased by 4.59%
Revenue Next Year
2.09B
from 2.05B
Increased by 1.85%
EPS This Year
2.96
from 2.71
Increased by 9.29%
EPS Next Year
2.92
from 2.96
Decreased by -1.53%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Sep 30, 2019 Sep 30, 2020 Sep 30, 2021 Sep 30, 2022 Sep 30, 2023 Sep 30, 2024 Sep 30, 2025 Sep 30, 2026
Revenue
2.59B1.95B2.16B2.91B1.96B2.05B2.09B2.17B
Revenue Growth
-11.08%-24.63%10.39%34.75%-32.45%4.59%1.85%3.83%
EPS
1.381.711.222.852.712.962.923.12
EPS Growth
-47.73%23.91%-28.65%133.61%-4.91%9.29%-1.53%7.01%
Forward PE
-----16.6016.8615.76
No. Analysts -----997
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 2.3B 2.3B 2.5B
Avg 2.1B 2.1B 2.2B
Low 1.8B 1.8B 1.9B

Revenue Growth

Revenue Growth 20242025202620272028
High
15.8%
13.7%
17.2%
Avg
4.6%
1.9%
3.8%
Low
-9.7%
-12.0%
-11.2%

EPS Forecast

EPS 20242025202620272028
High 3.10 3.12 3.29
Avg 2.96 2.92 3.12
Low 2.82 2.78 2.98

EPS Growth

EPS Growth 20242025202620272028
High
14.3%
5.3%
12.7%
Avg
9.3%
-1.5%
7.0%
Low
4.1%
-6.0%
2.2%
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.