New Jersey Resources Corporation (NJR)
NYSE: NJR · Real-Time Price · USD
56.04
-0.89 (-1.56%)
Jun 30, 2026, 4:00 PM EDT - Market closed
New Jersey Resources Stock Forecast
Stock Price Forecast
According to 8 analysts polled by S&P Global, New Jersey Resources stock has a consensus rating of "Buy" and an average price target of $60.14. The average 1-year stock price forecast is 7.32% higher than the current stock price, while the lowest is $53 (-5.42%) and the highest is $63 (+12.42%).
Price Target: $60.14 (+7.32%)
Analyst Consensus: Buy
* Price targets were last updated on May 19, 2026.
Analyst Ratings
The average analyst rating for New Jersey Resources stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 4 | 4 |
| Buy | 3 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 2 | 1 | 1 | 1 | 2 |
| Sell | 0 | 0 | 1 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Argus Research | Argus Research | Buy Maintains $58 → $63 | Buy | Maintains | $58 → $63 | +12.42% | May 19, 2026 |
Unknown Analyst Wells Fargo No rating | Wells Fargo | Buy Initiates $63 | Buy | Initiates | $63 | +12.42% | May 11, 2026 |
| J.P. Morgan | J.P. Morgan | Buy Maintains $56 → $61 | Buy | Maintains | $56 → $61 | +8.85% | Apr 25, 2026 |
| Mizuho Securities | Mizuho Securities | Buy Maintains $54 → $61 | Buy | Maintains | $54 → $61 | +8.85% | Apr 21, 2026 |
Financial Forecast
Revenue This Year
2.19B
from 2.04B
Increased by 7.58%
Revenue Next Year
2.24B
from 2.19B
Increased by 2.34%
EPS This Year
3.49
from 3.29
Increased by 6.01%
EPS Next Year
3.45
from 3.49
Decreased by -1.06%
EPS and Forward PE are based on non-GAAP adjusted numbers.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 2.3B | ||
| Avg | 2.2B | ||
| Low | 2.1B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 12.2% | ||
| Avg | 7.6% | ||
| Low | 3.9% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 3.61 | ||
| Avg | 3.49 | ||
| Low | 3.34 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 9.7% | ||
| Avg | 6.0% | ||
| Low | 1.5% |