NJR

New Jersey Resources Corp

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Advanced Chart

45.960

+0.07(0.153%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

46.230

Open

45.980

VWAP

45.97

Vol

624.30K

Mkt Cap

4.61B

Low

45.860

Amount

28.70M

EV/EBITDA(TTM)

10.43

Total Shares

100.37M

7.77B

EV/OCF(TTM)

15.46

P/S(TTM)

2.22

New Jersey Resources Corporation, through its subsidiaries, provides natural gas and clean energy services. Its New Jersey Natural Gas business operates and maintains natural gas transportation and distribution infrastructure. Its Clean Energy Ventures business invests in, owns and operates solar projects. Its Energy Services business manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions. Its Storage and Transportation business serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Storage and the Adelphia Gateway Pipeline, as well as its 50% equity ownership in the Steckman Ridge natural gas storage facility. Its Home Services business provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

545.30M

+11.66%

1.037

-19.64%

357.30M

-9.72%

0.281

-68.43%

303.55M

+10.13%

-0.034

-61.71%

Estimates Revision

The market is revising Upward the revenue expectations for New Jersey Resources Corporation (NJR) for FY2025, with the revenue forecasts being adjusted by 4.89% over the past three months. During the same period, the stock price has changed by -6.64%.

Revenue Estimates for FY2025

Revise Upward

+4.89%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+2.1%

In Past 3 Month

Stock Price

Go Down

-6.64%

In Past 3 Month

4 Analyst Rating

10.97% Upside

Wall Street analysts forecast NJR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NJR is 51.00 USD with a low forecast of 49.00 USD and a high forecast of 53.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

2 Hold

0 Sell

Moderate Buy

10.97% Upside

Current: 45.960

Low

49.00

Averages

51.00

High

53.00

10.97% Upside

Current: 45.960

Low

49.00

Averages

51.00

High

53.00

Raymond James

Outperform

initiated

$49

2025-06-13

Reason

Raymond James

Price Target

$49

2025-06-13

initiated

Outperform

Reason

Raymond James

J.R. Weston

initiated

$49

2025-06-12

Reason

Raymond James

J.R. Weston

Price Target

$49

2025-06-12

initiated

Reason

Raymond James analyst J.R. Weston initiated coverage of New Jersey Resources with an Outperform rating and $49 price target.

JPMorgan

Overweight -> NULL

downgrade

$56 -> $51

2025-05-28

Reason

JPMorgan

Price Target

$56 -> $51

2025-05-28

downgrade

Overweight -> NULL

Reason

JPMorgan lowered the firm's price target on New Jersey Resources to $51 from $56 and keeps an Overweight rating on the shares. The firm updated models in the North American utilities group.

Mizuho

Gabriel Moreen

Neutral

downgrade

$52 -> $50

2025-05-15

Reason

Mizuho

Gabriel Moreen

Price Target

$52 -> $50

2025-05-15

downgrade

Neutral

Reason

Jefferies

Julien Dumoulin-Smith

Hold

Initiates

$51

2025-04-01

Reason

Jefferies

Julien Dumoulin-Smith

Price Target

$51

2025-04-01

Initiates

Hold

Reason

Guggenheim

Shahriar Pourreza

Hold

Maintains

$53 → $54

2025-02-05

Reason

Guggenheim

Shahriar Pourreza

Price Target

$53 → $54

2025-02-05

Maintains

Hold

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for New Jersey Resources Corp (NJR.N) is 15.46, compared to its 5-year average forward P/E of 16.60. For a more detailed relative valuation and DCF analysis to assess New Jersey Resources Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

16.60

Current PE

15.46

Overvalued PE

18.78

Undervalued PE

14.41

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Undervalued

5Y Average EV/EBITDA

12.80

Current EV/EBITDA

11.33

Overvalued EV/EBITDA

13.98

Undervalued EV/EBITDA

11.62

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.83

Current PS

2.13

Overvalued PS

2.18

Undervalued PS

1.48