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NIO   3.89 (-2.75%)
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T   16.40 (+0.43%)
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CGC   8.04 (+2.68%)
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New Jersey Resources (NJR) Stock Forecast & Price Target

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$42.61
+0.42 (+1.00%)
(As of 10:19 AM ET)
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New Jersey Resources Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates 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 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's 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. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 3 Analyst Ratings

Analysts' Consensus Price Target

$45.00
5.61% Upside
High Forecast$47.00
Average Forecast$45.00
Low Forecast$42.00
TypeCurrent Forecast
4/20/23 to 4/19/24		1 Month Ago
3/21/23 to 3/20/24		3 Months Ago
1/20/23 to 1/20/24		1 Year Ago
4/20/22 to 4/20/23
Consensus Rating
Hold
Hold
Hold
Reduce
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$45.00$45.00$45.50$46.75
Predicted Upside5.61% Upside6.84% Upside6.00% Upside-6.50% Downside
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NJR Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NJR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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New Jersey Resources Stock vs. The Competition

TypeNew Jersey ResourcesUtilities CompaniesS&P 500
Consensus Rating Score
2.00
2.44
2.49
Consensus RatingHoldHoldHold
Predicted Upside6.64% Upside77.00% Upside12.32% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/5/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$47.00 ➝ $45.00+13.09%
10/9/2023Guggenheim
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$47.00 ➝ $42.00+0.96%
9/21/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeUnderweight ➝ Neutral$44.00 ➝ $46.00+9.08%
8/4/2023Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$52.00 ➝ $47.00+5.26%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:42 AM ET.

NJR Price Target - Frequently Asked Questions

What is New Jersey Resources's consensus rating and price target?

According to the issued ratings of 3 analysts in the last year, the consensus rating for New Jersey Resources stock is Hold based on the current 3 hold ratings for NJR. The average twelve-month price prediction for New Jersey Resources is $45.00 with a high price target of $47.00 and a low price target of $42.00. Learn more on NJR's analyst rating history.

Do Wall Street analysts like New Jersey Resources more than its competitors?

Analysts like New Jersey Resources less than other Utilities companies. The consensus rating score for New Jersey Resources is 2.00 while the average consensus rating score for utilities companies is 2.44. Learn more on how NJR compares to other companies.

Does New Jersey Resources's stock price have much upside?

According to analysts, New Jersey Resources's stock has a predicted upside of 6.84% based on their 12-month stock forecasts.

What analysts cover New Jersey Resources?

New Jersey Resources has been rated by Mizuho in the past 90 days.


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This page (NYSE:NJR) was last updated on 4/19/2024 by MarketBeat.com Staff

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