New Jersey Resources Corporation (NJR)
NYSE: NJR · Real-Time Price · USD
57.18
-0.22 (-0.38%)
May 21, 2026, 4:00 PM EDT - Market closed
New Jersey Resources Stock Forecast
Stock Price Forecast
The 8 analysts that cover New Jersey Resources stock have a consensus rating of "Buy" and an average price target of $59.86, which forecasts a 4.69% increase in the stock price over the next year. The lowest target is $51 and the highest is $63.
Price Target: $59.86 (+4.69%)
Analyst Consensus: Buy
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 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 3 | 3 | 3 | 3 | 3 | 4 |
| Hold | 3 | 3 | 3 | 3 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Initiates $63 | Buy | Initiates | $63 | +10.18% | May 12, 2026 |
| Mizuho | Mizuho | Buy Maintains $54 → $61 | Buy | Maintains | $54 → $61 | +6.68% | Apr 21, 2026 |
| Mizuho | Mizuho | Hold → Buy Upgrades $51 → $54 | Hold → Buy | Upgrades | $51 → $54 | -5.56% | Dec 17, 2025 |
| Raymond James | Raymond James | Buy Maintains $49 → $50 | Buy | Maintains | $49 → $50 | -12.56% | Aug 8, 2025 |
| Raymond James | Raymond James | Buy Initiates $49 | Buy | Initiates | $49 | -14.31% | Jun 13, 2025 |
Financial Forecast
Revenue This Year
2.21B
from 2.04B
Increased by 8.48%
Revenue Next Year
2.27B
from 2.21B
Increased by 2.63%
EPS This Year
3.47
from 3.33
Increased by 4.25%
EPS Next Year
3.54
from 3.47
Increased by 1.99%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 2.4B | 2.4B | |||
| Avg | 2.2B | 2.3B | |||
| Low | 2.1B | 2.2B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 17.9% | 10.9% | |||
| Avg | 8.5% | 2.6% | |||
| Low | 1.7% | -2.6% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 3.81 | 3.87 | |||
| Avg | 3.47 | 3.54 | |||
| Low | 3.23 | 3.19 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 14.5% | 11.6% | |||
| Avg | 4.2% | 2.0% | |||
| Low | -2.9% | -8.3% |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.