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New Jersey Resources (NJR) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

NJR Stock Forecast

New Jersey Resources (NJR) stock forecast, based on 11 Wall Street analysts, predicts a 12-month average price target of $50.50, with a high of $51.00 and a low of $50.00. This represents a 12.52% increase from the last price of $44.88.

$41 $43 $45 $47 $49 $51 $52 High: $51 Avg: $50.5 Low: $50 Last Closed Price: $44.88

NJR Stock Rating

New Jersey Resources stock's rating consensus is Buy, based on 11 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 5 Buy (45.45%), 5 Hold (45.45%), 1 Sell (9.09%), and 0 Strong Sell (0.00%).

Buy
Total 11 0 1 5 5 Strong Sell Sell Hold Buy Strong Buy

NJR Price Target Upside V Benchmarks

TypeNameUpside
StockNew Jersey Resources12.52%
SectorUtilities Stocks3.42%

Price Target Trends

1M3M12M
# Anlaysts123
Avg Price Target$50.00$50.50$49.33
Last Closing Price$44.88$44.88$44.88
Upside/Downside11.41%12.52%9.92%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jun, 25135--9
May, 25135--9
Apr, 25135--9
Mar, 25134--8
Feb, 25134--8
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 15, 2025Gabriel MoreenMizuho Securities$50.00$46.248.13%11.41%
Apr 01, 2025Julien Dumoulin-SmithNew Street$51.00$49.113.85%13.64%
Sep 20, 2024Gabriel MoreenMizuho Securities$47.00$47.69-1.45%4.72%
Aug 08, 2022Wells Fargo$47.00$44.695.17%4.72%
Apr 29, 2022Mizuho Securities$45.00$43.353.81%0.27%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Apr 01, 2025JefferiesHoldinitialise
Oct 16, 2024Wells FargoEqual-WeightEqual-Weighthold
Aug 08, 2022Wells FargoEqual-WeightEqual-Weighthold

Financial Forecast

EPS Forecast

Sep 20 Sep 21 Sep 22 Sep 23 Sep 24 Sep 25 Sep 26 Sep 27 Sep 28 Sep 29
Sep 20Sep 21Sep 22Sep 23Sep 24Sep 25Sep 26Sep 27Sep 28Sep 29
Reported$1.72$2.09$2.86$2.73$2.94-----
Avg Forecast$2.07$2.16$2.17$2.70$2.93$3.10$3.11$3.39$3.60$3.85
High Forecast$2.17$2.27$2.59$2.70$2.94$3.14$3.14$3.65$3.60$3.86
Low Forecast$1.91$2.00$1.74$2.69$2.92$3.05$3.07$3.26$3.59$3.84
Surprise %-16.91%-3.24%31.80%1.11%0.34%-----

Revenue Forecast

$2B $2B $2B $3B $3B $4B Sep 20 Sep 21 Sep 22 Sep 23 Sep 24 Sep 25 Sep 26 Sep 27 Sep 28 Sep 29
Sep 20Sep 21Sep 22Sep 23Sep 24Sep 25Sep 26Sep 27Sep 28Sep 29
Reported$1.95B$2.16B$2.91B$1.96B$1.80B-----
Avg Forecast$2.37B$2.22B$2.74B$2.71B$1.97B$1.84B$1.91B$1.98B$2.08B$2.17B
High Forecast$2.47B$2.31B$3.29B$2.71B$1.97B$1.85B$1.92B$1.99B$2.08B$2.18B
Low Forecast$2.23B$2.09B$2.19B$2.70B$1.96B$1.84B$1.91B$1.97B$2.08B$2.17B
Surprise %-17.67%-3.02%5.91%-27.46%-8.61%-----

Net Income Forecast

$50M $120M $190M $260M $330M $400M Sep 20 Sep 21 Sep 22 Sep 23 Sep 24 Sep 25 Sep 26 Sep 27 Sep 28 Sep 29
Sep 20Sep 21Sep 22Sep 23Sep 24Sep 25Sep 26Sep 27Sep 28Sep 29
Reported$163.01M$201.10M$274.92M$264.72M$289.77M-----
Avg Forecast$175.62M$115.44M$229.74M$238.21M$290.93M$305.97M$310.96M$344.19M$356.94M$382.26M
High Forecast$236.22M$172.28M$276.25M$286.47M$291.79M$311.39M$311.27M$362.59M$357.83M$383.21M
Low Forecast$115.02M$58.61M$183.23M$189.96M$290.08M$302.46M$304.36M$323.29M$356.12M$381.38M
Surprise %-7.18%74.20%19.67%11.13%-0.40%-----

NJR Forecast FAQ

Is New Jersey Resources stock a buy?

New Jersey Resources stock has a consensus rating of Buy, based on 11 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 5 Buy, 5 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that New Jersey Resources is a favorable investment for most analysts.

What is New Jersey Resources's price target?

New Jersey Resources's price target, set by 11 Wall Street analysts, averages $50.5 over the next 12 months. The price target range spans from $50 at the low end to $51 at the high end, suggesting a potential 12.52% change from the previous closing price of $44.88.

How does New Jersey Resources stock forecast compare to its benchmarks?

New Jersey Resources's stock forecast shows a 12.52% upside, outperforming the average forecast for the utilities stocks sector (3.42%).

What is the breakdown of analyst ratings for New Jersey Resources over the past three months?

  • June 2025: 11.11% Strong Buy, 33.33% Buy, 55.56% Hold, 0% Sell, 0% Strong Sell.
  • May 2025: 11.11% Strong Buy, 33.33% Buy, 55.56% Hold, 0% Sell, 0% Strong Sell.
  • April 2025: 11.11% Strong Buy, 33.33% Buy, 55.56% Hold, 0% Sell, 0% Strong Sell.

What is New Jersey Resources’s EPS forecast?

New Jersey Resources's average annual EPS forecast for its fiscal year ending in September 2025 is $3.1, marking a 5.44% increase from the reported $2.94 in 2024. Estimates for the following years are $3.11 in 2026, $3.39 in 2027, $3.6 in 2028, and $3.85 in 2029.

What is New Jersey Resources’s revenue forecast?

New Jersey Resources's average annual revenue forecast for its fiscal year ending in September 2025 is $1.84B, reflecting a 2.62% increase from the reported $1.8B in 2024. The forecast for 2026 is $1.91B, followed by $1.98B for 2027, $2.08B for 2028, and $2.17B for 2029.

What is New Jersey Resources’s net income forecast?

New Jersey Resources's net income forecast for the fiscal year ending in September 2025 stands at $305.97M, representing an 5.59% increase from the reported $289.78M in 2024. Projections indicate $310.96M in 2026, $344.19M in 2027, $356.94M in 2028, and $382.26M in 2029.