$42.19
0[0.00%]
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New Jersey Resources
(NYSE:NJR)New Jersey Resources Stock (NYSE:NJR), Analyst Ratings, Price Targets, Predictions
New Jersey Resources Corp has a consensus price target of $45, established from looking at the 17 latest analyst ratings. The last 3 analyst ratings were released from Mizuho, Mizuho, and JP Morgan on February 5, 2024, November 20, 2023, and September 21, 2023. With an average price target of $46 between Mizuho, Mizuho, and JP Morgan, there's an implied 9.03% upside for New Jersey Resources Corp from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Mizuho
JP Morgan
Wells Fargo
Guggenheim
JP Morgan
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for New Jersey Resources
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 02/05/2024 | NJR | Buy Now | New Jersey Resources | $42.19 | 6.66% | Mizuho | Gabriel Moreen | $47 → $45 | Maintains | Neutral | Get Alert |
| 11/20/2023 | NJR | Buy Now | New Jersey Resources | $42.19 | 11.4% | Mizuho | Gabriel Moreen | $49 → $47 | Maintains | Neutral | Get Alert |
| 09/21/2023 | NJR | Buy Now | New Jersey Resources | $42.19 | 9.03% | JP Morgan | — | $44 → $46 | Upgrade | Underweight → Neutral | Get Alert |
| 08/04/2023 | NJR | Buy Now | New Jersey Resources | $42.19 | 11.4% | Wells Fargo | Sarah Akers | $52 → $47 | Maintains | Equal-Weight | Get Alert |
| 04/24/2023 | NJR | Buy Now | New Jersey Resources | $42.19 | 11.4% | Guggenheim | Shahriar Pourreza | $46 → $47 | Maintains | Neutral | Get Alert |
| 02/07/2023 | NJR | Buy Now | New Jersey Resources | $42.19 | 20.88% | Mizuho | Gabriel Moreen | $46 → $51 | Maintains | Neutral | Get Alert |
| 01/10/2023 | NJR | Buy Now | New Jersey Resources | $42.19 | 18.51% | Wells Fargo | Sarah Akers | $51 → $50 | Maintains | Equal-Weight | Get Alert |
| 01/09/2023 | NJR | Buy Now | New Jersey Resources | $42.19 | 9.03% | JP Morgan | Richard Sunderland | $40 → $46 | Maintains | Underweight | Get Alert |
| 11/18/2022 | NJR | Buy Now | New Jersey Resources | $42.19 | 9.03% | Mizuho | Gabriel Moreen | $45 → $46 | Maintains | Neutral | Get Alert |
| 11/18/2022 | NJR | Buy Now | New Jersey Resources | $42.19 | 6.66% | Wells Fargo | Sarah Akers | $41 → $45 | Maintains | Equal-Weight | Get Alert |
| 10/19/2022 | NJR | Buy Now | New Jersey Resources | $42.19 | -2.82% | Wells Fargo | Sarah Akers | $47 → $41 | Maintains | Equal-Weight | Get Alert |
| 09/09/2022 | NJR | Buy Now | New Jersey Resources | $42.19 | 9.03% | JP Morgan | Richard Sunderland | $47 → $46 | Downgrade | Neutral → Underweight | Get Alert |
| 08/08/2022 | NJR | Buy Now | New Jersey Resources | $42.19 | 11.4% | Wells Fargo | Sarah Akers | $45 → $47 | Maintains | Equal-Weight | Get Alert |
| 04/29/2022 | NJR | Buy Now | New Jersey Resources | $42.19 | 6.66% | Mizuho | Gabriel Moreen | $42 → $45 | Maintains | Neutral | Get Alert |
| 01/05/2022 | NJR | Buy Now | New Jersey Resources | $42.19 | -0.45% | Mizuho | Gabriel Moreen | → $42 | Downgrade | Buy → Neutral | Get Alert |
| 06/25/2021 | NJR | Buy Now | New Jersey Resources | $42.19 | -7.56% | B of A Securities | Julien Dumoulin-Smith | — | Downgrade | Neutral → Underperform | Get Alert |
| 05/03/2021 | NJR | Buy Now | New Jersey Resources | $42.19 | 1.92% | JP Morgan | Richard Sunderland | — | Initiates | → Neutral | Get Alert |
FAQ
What is the target price for New Jersey Resources (NJR)?
The latest price target for New Jersey Resources (NYSE: NJR) was reported by Mizuho on February 5, 2024. The analyst firm set a price target for $45.00 expecting NJR to rise to within 12 months (a possible 6.66% upside). 5 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for New Jersey Resources (NJR)?
The latest analyst rating for New Jersey Resources (NYSE: NJR) was provided by Mizuho, and New Jersey Resources maintained their neutral rating.
When was the last upgrade for New Jersey Resources (NJR)?
The last upgrade for New Jersey Resources Corp happened on September 21, 2023 when JP Morgan raised their price target to $46. JP Morgan previously had an underweight for New Jersey Resources Corp.
When was the last downgrade for New Jersey Resources (NJR)?
The last downgrade for New Jersey Resources Corp happened on September 9, 2022 when JP Morgan changed their price target from $47 to $46 for New Jersey Resources Corp.
When is the next analyst rating going to be posted or updated for New Jersey Resources (NJR)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of New Jersey Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for New Jersey Resources was filed on February 5, 2024 so you should expect the next rating to be made available sometime around February 5, 2025.
Is the Analyst Rating New Jersey Resources (NJR) correct?
While ratings are subjective and will change, the latest New Jersey Resources (NJR) rating was a maintained with a price target of $47.00 to $45.00. The current price New Jersey Resources (NJR) is trading at is $42.19, which is out of the analyst’s predicted range.
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