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NJR
Volume: 667.88K
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NJR Stock Forecast & Price Target

NJR Analyst Ratings

Based on 12 analyst ratings
Hold
Strong Buy 25%
Buy 17%
Hold 42%
Sell 17%
Strong Sell 0%

Bulls say

New Jersey Resources is experiencing several key positive financial developments. Firstly, the company is investing in its Leaf River service offerings, potentially leading to higher margins, and its current rate case filing could increase residential heating bills, thus generating further income. Secondly, management has highlighted customer growth, particularly in NJNG territories, and expansions at Leaf River - these factors could drive NJR to the higher end of its current target of roughly 7-9% yearly growth in NFE per share. Lastly, the regulatory risk for the company has reduced due to low gas prices and a transparent rate case strategy, further ensuring the stability of core operations.

Bears say

New Jersey Resources is facing a range of challenges impacting its projected earnings and overall valuation. Key risks stem from potential regulatory actions, continued obstacles in the midstream segment, a less profitable construct for their solar investments, and weak soft gas storage markets, all contributing to a downward adjustment of their target P/E multiple. Additionally, the lowered midpointFY24 CEV capex by -$43mn combined with lowering the NFE/sh of $0.68/sh against the consensus estimate of $0.73/sh, denotes potential financial difficulties, already affecting the outlook for New Jersey Resources.

NJR has been analyzed by 12 analysts, with a consensus rating of Hold. 25% of analysts recommend a Strong Buy, 17% recommend Buy, 42% suggest Holding, 17% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of New Jersey Resources and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About New Jersey Resources (NJR) Forecast

Analysts have given NJR a Hold based on their latest research and market trends.

According to 12 analysts, NJR has a Hold consensus rating as of Jul 2, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $46.88, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $46.88, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

New Jersey Resources (NJR)

Volume: 667.88K

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