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$44.77
-1.28-2.78%
At close: -
$44.65
-0.12-0.27%
After Hours: 7:44 PM EDT
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New Jersey Resources Analyst Ratings and Price Targets | NYSE:NJR | Benzinga
New Jersey Resources Corp has a consensus price target of $51.8 based on the ratings of 5 analysts. The high is $54 issued by Guggenheim on February 5, 2025. The low is $50 issued by Mizuho on May 15, 2025. The 3 most-recent analyst ratings were released by JP Morgan, Mizuho, and Wells Fargo on May 28, 2025, May 15, 2025, and May 7, 2025, respectively. With an average price target of $51.33 between JP Morgan, Mizuho, and Wells Fargo, there's an implied 14.97% upside for New Jersey Resources Corp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
JP Morgan
Mizuho
Wells Fargo
Jefferies
Guggenheim
1calculated from analyst ratings
Analyst Ratings for New Jersey Resources
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/28/2025 | Buy Now | 14.22% | JP Morgan | Richard Sunderland59% | $56 → $51 | Maintains | Overweight | Get Alert |
| 05/15/2025 | Buy Now | 11.98% | Mizuho | Gabriel Moreen72% | $52 → $50 | Maintains | Neutral | Get Alert |
| 05/07/2025 | Buy Now | 18.7% | Wells Fargo | Sarah Akers69% | $51 → $53 | Maintains | Equal-Weight | Get Alert |
| 04/01/2025 | Buy Now | 14.22% | Jefferies | Julien Dumoulin-Smith68% | → $51 | Initiates | → Hold | Get Alert |
| 02/05/2025 | Buy Now | 20.94% | Guggenheim | Shahriar Pourreza68% | $53 → $54 | Maintains | Neutral | Get Alert |
| 01/28/2025 | Buy Now | 16.46% | JP Morgan | Richard Sunderland59% | $54 → $52 | Maintains | Overweight | Get Alert |
| 12/12/2024 | Buy Now | 20.94% | JP Morgan | Richard Sunderland59% | $52 → $54 | Upgrade | Neutral → Overweight | Get Alert |
| 11/27/2024 | Buy Now | 20.94% | Wells Fargo | Sarah Akers69% | $51 → $54 | Maintains | Equal-Weight | Get Alert |
| 11/27/2024 | Buy Now | 9.74% | Guggenheim | Shahriar Pourreza68% | $46 → $49 | Maintains | Neutral | Get Alert |
| 10/16/2024 | Buy Now | 14.22% | Wells Fargo | Sarah Akers69% | $47 → $51 | Maintains | Equal-Weight | Get Alert |
| 09/20/2024 | Buy Now | 5.26% | Mizuho | Gabriel Moreen72% | $45 → $47 | Maintains | Neutral | Get Alert |
| 08/15/2024 | Buy Now | 9.74% | JP Morgan | Richard Sunderland59% | $48 → $49 | Maintains | Neutral | Get Alert |
| 02/05/2024 | Buy Now | 0.78% | Mizuho | Gabriel Moreen72% | $47 → $45 | Maintains | Neutral | Get Alert |
| 11/20/2023 | Buy Now | 5.26% | Mizuho | Gabriel Moreen72% | $49 → $47 | Maintains | Neutral | Get Alert |
| 09/21/2023 | Buy Now | 3.02% | JP Morgan | Richard Sunderland59% | $44 → $46 | Upgrade | Underweight → Neutral | Get Alert |
| 08/04/2023 | Buy Now | 5.26% | Wells Fargo | Sarah Akers69% | $52 → $47 | Maintains | Equal-Weight | Get Alert |
| 04/24/2023 | Buy Now | 5.26% | Guggenheim | Shahriar Pourreza68% | $46 → $47 | Maintains | Neutral | Get Alert |
| 02/07/2023 | Buy Now | 14.22% | Mizuho | Gabriel Moreen72% | $46 → $51 | Maintains | Neutral | Get Alert |
| 01/10/2023 | Buy Now | 11.98% | Wells Fargo | Sarah Akers69% | $51 → $50 | Maintains | Equal-Weight | Get Alert |
| 01/09/2023 | Buy Now | 3.02% | JP Morgan | Richard Sunderland59% | $40 → $46 | Maintains | Underweight | Get Alert |
| 11/18/2022 | Buy Now | 3.02% | Mizuho | Gabriel Moreen72% | $45 → $46 | Maintains | Neutral | Get Alert |
| 11/18/2022 | Buy Now | 0.78% | Wells Fargo | Sarah Akers69% | $41 → $45 | Maintains | Equal-Weight | Get Alert |
| 10/19/2022 | Buy Now | -8.17% | Wells Fargo | Sarah Akers69% | $47 → $41 | Maintains | Equal-Weight | Get Alert |
| 09/09/2022 | Buy Now | 3.02% | JP Morgan | Richard Sunderland59% | $47 → $46 | Downgrade | Neutral → Underweight | Get Alert |
| 08/08/2022 | Buy Now | 5.26% | Wells Fargo | Sarah Akers69% | $45 → $47 | Maintains | Equal-Weight | Get Alert |
FAQ
What is the target price for New Jersey Resources (NJR) stock?
The latest price target for New Jersey Resources (NYSE:NJR) was reported by JP Morgan on May 28, 2025. The analyst firm set a price target for $51.00 expecting NJR to rise to within 12 months (a possible 14.22% upside). 12 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 JP Morgan, and New Jersey Resources maintained their overweight rating.
When was the last upgrade for New Jersey Resources (NJR)?
The last upgrade for New Jersey Resources Corp happened on December 12, 2024 when JP Morgan raised their price target to $54. JP Morgan previously had a neutral 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 May 28, 2025 so you should expect the next rating to be made available sometime around May 28, 2026.
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 $56.00 to $51.00. The current price New Jersey Resources (NJR) is trading at is $44.65, which is out of the analyst’s predicted range.
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