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New Jersey Resources - NJR Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $45.00
  • Forecasted Upside: 2.02%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$44.11 As of 05/17/2024 01:00 AM ET
▼ -0.37 (-0.83%)

This chart shows the closing price for NJR by one month, three months, or twelve months.

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Analyst Price Target for NJR

Analyst Price Target is $45.00
▲ +2.02% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for New Jersey Resources in the last 3 months. The average price target is $45.00, with a high forecast of $47.00 and a low forecast of $42.00. The average price target represents a 2.02% upside from the last price of $44.11.

This chart shows the closing price for NJR for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 3 investment analysts is to hold stock in New Jersey Resources. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
11/25/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
2/23/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
5/24/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
8/22/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
2/18/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
4/18/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
5/18/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/5/2024MizuhoLower TargetNeutral ➝ Neutral$47.00 ➝ $45.00Low
11/20/2023MizuhoLower TargetNeutral ➝ Neutral$49.00 ➝ $47.00Low
10/9/2023GuggenheimLower Target$47.00 ➝ $42.00Low
9/21/2023JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$44.00 ➝ $46.00Low
8/4/2023Wells Fargo & CompanyLower TargetEqual Weight ➝ Equal Weight$52.00 ➝ $47.00Low
7/27/2023MizuhoLower Target$51.00 ➝ $49.00Low
4/24/2023GuggenheimBoost Target$46.00 ➝ $47.00Low
2/7/2023MizuhoBoost TargetNeutral$46.00 ➝ $51.00Low
1/10/2023Wells Fargo & CompanyLower TargetEqual Weight$51.00 ➝ $50.00Low
1/9/2023JPMorgan Chase & Co.Boost TargetUnderweight$40.00 ➝ $46.00Low
12/14/2022Wells Fargo & CompanyBoost Target$45.00 ➝ $51.00Low
11/18/2022Wells Fargo & CompanyBoost TargetEqual Weight$41.00 ➝ $45.00Low
11/18/2022MizuhoBoost TargetNeutral$45.00 ➝ $46.00Low
10/24/2022GuggenheimLower Target$41.00 ➝ $40.00Low
10/19/2022Wells Fargo & CompanyLower TargetEqual Weight$47.00 ➝ $41.00Low
9/9/2022JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$47.00 ➝ $46.00Low
8/8/2022Wells Fargo & CompanyBoost TargetEqual Weight$45.00 ➝ $47.00Low
4/29/2022MizuhoBoost Target$42.00 ➝ $45.00High
1/5/2022MizuhoDowngradeBuy ➝ Neutral$42.00High
6/25/2021Bank of AmericaDowngradeNeutral ➝ Underperform$39.00High
5/27/2021MizuhoBoost TargetBuy$44.00 ➝ $45.00Low
5/4/2021MizuhoBoost TargetBuy$40.00 ➝ $44.00Low
5/3/2021JPMorgan Chase & Co.Initiated CoverageNeutral$43.00High
4/23/2021Williams CapitalReiterated RatingBuyLow
2/10/2021MizuhoBoost TargetBuy$38.00 ➝ $40.00Low
1/19/2021Siebert Williams ShankInitiated CoverageBuy$44.00Low
12/18/2020MizuhoBoost TargetBuy$36.00 ➝ $38.00High
12/9/2020MizuhoLower TargetBuy$37.00 ➝ $36.00Low
8/10/2020Bank of AmericaBoost TargetUnderperform$28.00 ➝ $29.00Medium
7/23/2020MizuhoInitiated CoverageBuy$37.00High
7/21/2020Bank of AmericaLower TargetUnderperform$31.00 ➝ $28.00Low
5/11/2020Wells Fargo & CompanyLower TargetEqual Weight$45.00 ➝ $38.00High
4/23/2020Bank of AmericaReiterated RatingUnderperformMedium
3/16/2020GuggenheimUpgradeSell ➝ NeutralHigh
1/8/2020GuggenheimDowngradeNeutral ➝ SellHigh
7/11/2019GuggenheimUpgradeSell ➝ NeutralLow
(Data available from 5/19/2019 forward)

News Sentiment Rating

0.61 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 5 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2023
  • 2 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2023
  • 8 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2023
  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/20/2024
  • 11 very positive mentions
  • 21 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/19/2024
  • 11 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/20/2024
  • 3 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
4/19/2024
  • 13 very positive mentions
  • 20 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
5/19/2024

Current Sentiment

  • 13 very positive mentions
  • 20 positive mentions
  • 4 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

New Jersey Resources logo
New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, and Indiana. The Energy Services segment maintains and operates natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services in the United States and Canada. The Storage and Transportation segment invests in invests in energy-related ventures. It provides heating, ventilation, and cooling services; sales and installation of appliances; offers solar equipment installation, and plumbing repair and installation services; and holds commercial real estate properties. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.
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Today's Range

Now: $44.11
Low: $44.04
High: $44.45

50 Day Range

MA: $42.99
Low: $41.26
High: $44.87

52 Week Range

Now: $44.11
Low: $38.92
High: $50.72

Volume

365,947 shs

Average Volume

474,316 shs

Market Capitalization

$4.36 billion

P/E Ratio

17.43

Dividend Yield

3.81%

Beta

0.62

Frequently Asked Questions

What sell-side analysts currently cover shares of New Jersey Resources?

The following Wall Street analysts have issued reports on New Jersey Resources in the last twelve months: Guggenheim, JPMorgan Chase & Co., Mizuho, StockNews.com, and Wells Fargo & Company.
View the latest analyst ratings for NJR.

What is the current price target for New Jersey Resources?

4 Wall Street analysts have set twelve-month price targets for New Jersey Resources in the last year. Their average twelve-month price target is $45.00, suggesting a possible upside of 2.0%. Wells Fargo & Company has the highest price target set, predicting NJR will reach $47.00 in the next twelve months. Guggenheim has the lowest price target set, forecasting a price of $42.00 for New Jersey Resources in the next year.
View the latest price targets for NJR.

What is the current consensus analyst rating for New Jersey Resources?

New Jersey Resources currently has 3 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in NJR, but not buy more shares or sell existing shares.
View the latest ratings for NJR.

What other companies compete with New Jersey Resources?

Other companies that are similar to New Jersey Resources include National Fuel Gas, Northwest Natural, ONE Gas, Spire and Enel Chile. Learn More about companies similar to New Jersey Resources.

How do I contact New Jersey Resources' investor relations team?

New Jersey Resources' physical mailing address is 1415 Wyckoff Road, WALL TOWNSHIP NJ, 07719. The utilities provider's listed phone number is (732) 938-1000 and its investor relations email address is [email protected]. The official website for New Jersey Resources is www.njresources.com. Learn More about contacing New Jersey Resources investor relations.