NYSE:NJR - New Jersey Resources Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $37.75
  • Forecasted Upside: -8.04 %
  • Number of Analysts: 5
  • Breakdown:
  • 1 Sell Ratings
  • 2 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$41.05
▲ +0.83 (2.06%)
1 month | 3 months | 12 months
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Analyst Price Target for NJR

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$37.75
▼ -8.04% Downside Potential
This price target is based on 5 analysts offering 12 month price targets for New Jersey Resources in the last 3 months. The average price target is $37.75, with a high forecast of $44.00 and a low forecast of $29.00. The average price target represents a -8.04% upside from the last price of $41.05.
Hold
The current consensus among 5 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

  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
9/15/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/14/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/13/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 1 sell ratings
6/11/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
9/9/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
12/8/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 1 sell ratings
2/6/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 1 sell ratings
3/8/2021

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 1 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/10/2021MizuhoBoost Price TargetBuy$38.00 ➝ $40.00Low
i
1/19/2021Siebert Williams ShankInitiated CoverageBuy$44.00Low
i
12/18/2020MizuhoBoost Price TargetBuy$36.00 ➝ $38.00High
i
12/9/2020MizuhoLower Price TargetBuy$37.00 ➝ $36.00Low
i
8/10/2020Bank of AmericaBoost Price TargetUnderperform$28.00 ➝ $29.00Medium
i
7/23/2020MizuhoInitiated CoverageBuy$37.00High
i
7/21/2020Bank of AmericaLower Price TargetUnderperform$31.00 ➝ $28.00Low
i
5/11/2020Wells Fargo & CompanyLower Price TargetEqual Weight$45.00 ➝ $38.00High
i
4/23/2020Bank of AmericaReiterated RatingUnderperformMedium
i
3/16/2020GuggenheimUpgradeSell ➝ NeutralHigh
i
1/8/2020GuggenheimDowngradeNeutral ➝ SellHigh
i
7/11/2019GuggenheimUpgradeSell ➝ NeutralLow
i
1/7/2019GuggenheimDowngradeNeutral ➝ SellLow
i
9/17/2018Wells Fargo & CompanyBoost Price TargetMarket Perform$45.00 ➝ $47.00Low
i
9/10/2018GuggenheimDowngradeBuy ➝ NeutralMedium
i
6/5/2018Bank of AmericaDowngradeNeutral ➝ UnderperformHigh
i
5/30/2018ArgusBoost Price TargetBuy ➝ Buy$45.00 ➝ $49.00Low
i
2/27/2018Bank of AmericaReiterated RatingNeutral ➝ NeutralMedium
i
2/23/2018GuggenheimReiterated RatingBuy$42.00Low
i
1/3/2018GuggenheimReiterated RatingBuy$44.00Low
i
11/22/2017Janney Montgomery ScottUpgradeNeutral ➝ BuyN/A
i
8/28/2017ArgusBoost Price TargetBuy$46.00 ➝ $49.00Low
i
8/23/2017Bank of AmericaBoost Price TargetUnderperform$35.00 ➝ $38.00Low
i
5/19/2017Bank of AmericaReiterated RatingUnderperform$32.00 ➝ $35.00Low
i
12/21/2016Seaport Global SecuritiesInitiated CoverageNeutral$36.00N/A
i
Rating by M. Levin at Seaport Global Securities
11/3/2016GuggenheimInitiated CoverageBuy$36.00N/A
i
9/16/2016ArgusReiterated RatingBuy$42.00N/A
i
Rating by Gary Hovis at Argus
6/20/2016ArgusReiterated RatingBuy$42.00N/A
i
6/1/2016Wells Fargo & CompanyInitiated CoverageMarket PerformN/A
i
3/31/2016Janney Montgomery ScottDowngradeBuy ➝ NeutralN/A
i
3/30/2016Truist FinancialInitiated CoverageHoldN/A
i
(Data available from 3/8/2016 forward)
New Jersey Resources logo
New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. 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 retail natural gas services to approximately 558,000 residential and commercial customers in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar projects located in New Jersey, Connecticut, and Rhode Island. The Energy Services segment provides unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas storage and transportation contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. The company offers heating, ventilation, and cooling services; holds commercial real estate properties; and provides solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. New Jersey Resources Corporation was incorporated in 1981 and is based in Monmouth, New Jersey.
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Today's Range

Now: $41.05
$39.84
$41.25

50 Day Range

MA: $37.44
$34.91
$40.29

52 Week Range

Now: $41.05
$21.14
$41.25

Volume

652,177 shs

Average Volume

615,882 shs

Market Capitalization

$3.95 billion

P/E Ratio

19.93

Dividend Yield

3.31%

Beta

0.46

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: Bank of America Co., Guggenheim, Mizuho, Siebert Williams Shank, TheStreet, Wells Fargo & Company, and Zacks Investment Research.
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 $37.75, suggesting a possible downside of 5.9%. Siebert Williams Shank has the highest price target set, predicting NJR will reach $44.00 in the next twelve months. Bank of America Co. has the lowest price target set, forecasting a price of $29.00 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 1 sell rating, 2 hold ratings and 2 buy 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 ONEOK, Atmos Energy, UGI, National Fuel Gas, Southwest Gas, South Jersey Industries, Chesapeake Utilities and Northwest Natural.

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.