Stock Price & Analysis

Based on the recent market data and analyst insights, here's a concise analysis of NJR stock:

Technical Analysis

• The stock is currently trading at $46.90, showing a slight upward movement of 0.12% in extended trading
• Currently trading below its 60-day SMA of $47.33, indicating short-term weakness
• RSI-14 at 52.19 suggests neutral momentum, neither overbought nor oversold

Recent Developments

• The company recently reported strong Q1 2025 earnings with adjusted EPS of $1.29, exceeding consensus estimates of $1.06
• NJR has completed the sale of its residential solar portfolio to Spruce Power for $132.5 million, which will be used to pay down corporate debt
• The company maintains its FY25 EPS guidance of $3.05-$3.20, in line with consensus of $3.10

Analyst Sentiment

• Recent analyst coverage shows a "Moderate Buy" consensus
• Wells Fargo maintained a Hold rating with a $51.00 price target
• Mizuho Securities issued a Hold rating, while J.P. Morgan maintained a Buy rating
• Average price target of $51.75 suggests a 10.47% upside potential from current levels

Based on the technical indicators, recent positive earnings, and analyst consensus, NJR appears to be a HOLD at current levels. While the company shows solid fundamentals and positive analyst sentiment, the current price movement suggests waiting for a more attractive entry point.

Based on the provided data and analyst reports, here is the price prediction for NJR stock in 2025:

NJR is expected to trade around $51.00 by end of 2025, representing an 8.7% upside from current levels, supported by Wells Fargo's price target and the company's strong Q1 2025 earnings performance with adjusted EPS of $1.29 beating consensus of $1.06. The stock's technical indicators show it trading above key moving averages with a bullish RSI of 52.19, suggesting continued upward momentum.

The S1 support level for NJR Stock is $45.44 ,The R1 resistant level for NJR Stock is $46.9.

As of the end of day on 2025-02-21, the price of NJR Stock was $46.9.

The target price for NJR Stock according to analyst rating is 52.33, with the highest price target at 54.00 and the lowest at 51.00. Analysts have a Hold rating on NJR Stock overall.

The market cap of NJR is $4.7B.

Based on the provided data and technical analysis, NJR appears to be fairly valued at its current price of $46.90. Here's the detailed analysis:

Technical Analysis

The stock is trading in a consolidation pattern with RSI at 52.19 showing neutral momentum. The price is currently between its 20-day SMA ($46.77) and 60-day SMA ($47.33), suggesting a neutral short-term trend.

Valuation Metrics

The stock trades at:

• P/E ratio: 14.13x (below industry average)
• Price/Book: 2.03x
• Forward P/E: 15.13x
• Dividend yield: 3.84%

Recent Performance The company's financial metrics show:

• Revenue declined 32.4% YoY to $1.96B in FY2023
• Net income decreased slightly to $264.7M
• Gross margin improved to 42.34% from 28.49%
• ROE remains healthy at 13.9%

Analyst View Wells Fargo maintains a Hold rating with a $51 price target, suggesting limited upside potential from current levels. The consensus price target is $53.57, indicating the stock is reasonably valued at current prices.

Conclusion NJR appears fairly valued considering its:

1. Stable utility business model
2. Reasonable valuation metrics
3. Strong dividend history with 29 years of consecutive increases
4. Current trading range aligned with moving averages
5. Analyst price targets suggesting modest upside potential

New Jersey Resources Corporation is a diversified energy services holding company. Its business is to distribution of natural gas through a regulated utility, investing in and operating clean energy projects and natural gas storage and transportation assets, and providing other retail and wholesale energy services to customers. Its segments include Natural Gas Distribution, Energy Services, Clean Energy Ventures and Storage and Transportation. The Natural Gas Distribution segment consists of regulated natural gas services, off-system sales, capacity, and storage management operations. The Energy Services segment consists of unregulated wholesale and retail energy operations, as well as energy management services. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Storage and Transportation segment consists of investments in the natural gas storage and transportation markets such as natural gas storage and transportation facilities.

Based on the available data and market analysis, here is the price prediction for NJR stock by 2030:

NJR stock is projected to reach $51-53 by 2030, representing a modest compound annual growth rate of approximately 1.2-1.5% from current levels. This conservative estimate is supported by the company's stable utility business model, consistent dividend growth history, and regulatory support for its infrastructure investments. The company's diversified business strategy across regulated gas distribution and renewable energy investments provides steady but measured growth potential.

NJR has a total of 1350 employees.