New Jersey Resources Corporation (NJR)
NYSE: NJR · Real-Time Price · USD
45.89
+0.17 (0.37%)
At close: May 30, 2025, 4:00 PM
45.87
-0.02 (-0.04%)
After-hours: May 30, 2025, 7:00 PM EDT
New Jersey Resources Stock Forecast
Stock Price Forecast
According to 5 professional analysts, the 12-month price target for New Jersey Resources stock ranges from a low of $50 to a high of $54. The average analyst price target of $51.8 forecasts a 12.88% increase in the stock price over the next year.
Price Target: $51.80 (+12.88%)
Analyst Consensus: Hold
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 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 3 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $56 → $51 | Buy | Maintains | $56 → $51 | +11.14% | May 28, 2025 |
| Mizuho | Mizuho | Hold Maintains $52 → $50 | Hold | Maintains | $52 → $50 | +8.96% | May 15, 2025 |
| Wells Fargo | Wells Fargo | Hold Maintains $51 → $53 | Hold | Maintains | $51 → $53 | +15.49% | May 7, 2025 |
| Jefferies | Jefferies | Hold Initiates $51 | Hold | Initiates | $51 | +11.14% | Apr 1, 2025 |
| Guggenheim | Guggenheim | Hold Maintains $53 → $54 | Hold | Maintains | $53 → $54 | +17.67% | Feb 5, 2025 |
Financial Forecast
Revenue This Year
1.88B
from 1.80B
Increased by 4.48%
Revenue Next Year
1.94B
from 1.88B
Increased by 3.46%
EPS This Year
3.20
from 2.92
Increased by 9.70%
EPS Next Year
3.15
from 3.20
Decreased by -1.59%
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 | 11.8% | 8.3% | 11.2% | ||
| Avg | 4.5% | 3.5% | 4.1% | ||
| Low | -0.3% | - | -0.6% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 3.39 | 3.40 | 3.93 | ||
| Avg | 3.20 | 3.15 | 3.48 | ||
| Low | 3.04 | 2.96 | 3.22 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 16.1% | 6.2% | 24.6% | ||
| Avg | 9.7% | -1.6% | 10.3% | ||
| Low | 4.0% | -7.6% | 2.3% |
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.