New Jersey Resources Corporation (NJR)
NYSE: NJR · IEX Real-Time Price · USD
41.58
-0.21 (-0.50%)
Apr 15, 2024, 4:00 PM EDT - Market closed
New Jersey Resources Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for NJR stock have an average target of 46.33, with a low estimate of 45 and a high estimate of 47. The average target predicts an increase of 11.42% from the current stock price of 41.58.
Analyst Consensus: Hold
* Price targets were last updated on Feb 5, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Hold Maintains $47 → $45 | Hold | Maintains | $47 → $45 | +8.23% | Feb 5, 2024 |
| Mizuho | Mizuho | Hold Maintains $49 → $47 | Hold | Maintains | $49 → $47 | +13.04% | Nov 20, 2023 |
| Wells Fargo | Wells Fargo | Hold Maintains $52 → $47 | Hold | Maintains | $52 → $47 | +13.04% | Aug 4, 2023 |
| Guggenheim | Guggenheim | Hold Maintains $46 → $47 | Hold | Maintains | $46 → $47 | +13.04% | Apr 24, 2023 |
| Mizuho | Mizuho | Hold Maintains $46 → $51 | Hold | Maintains | $46 → $51 | +22.66% | Feb 7, 2023 |
Financial Forecast
Revenue This Year
2.00B
from 1.96B
Increased by 1.89%
Revenue Next Year
2.01B
from 2.00B
Increased by 0.60%
EPS This Year
2.94
from 2.71
Increased by 8.52%
EPS Next Year
2.93
from 2.94
Decreased by -0.40%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.2B | 2.3B | 2.3B | 3.5B |
| Avg | 2.0B | 2.0B | 2.1B | 3.3B |
| Low | 1.8B | 1.8B | 1.8B | 3.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 13.6% | 12.7% | 15.9% | 68.7% |
| Avg | 1.9% | 0.6% | 2.9% | 58.6% |
| Low | -8.4% | -10.0% | -8.5% | 50.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 3.10 | 3.11 | 3.28 | 3.70 |
| Avg | 2.94 | 2.93 | 3.09 | 3.42 |
| Low | 2.75 | 2.79 | 2.92 | 3.23 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 14.3% | 5.7% | 11.8% | 19.7% |
| Avg | 8.5% | -0.4% | 5.4% | 10.8% |
| Low | 1.6% | -5.0% | -0.3% | 4.7% |
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.