NJR Price Prediction Next Week
Technical Analysis: NJR is currently trading at $46.90, showing a modest upward trend with a 0.97% gain in the last session. The stock has formed a consolidation pattern between $46-47 range.
News Sentiment & Analyst Ratings:
- Recent analyst actions show mixed sentiment:
- Wells Fargo maintained Hold rating with $51 price target
- Guggenheim raised price target to $54 while maintaining Neutral
- JP Morgan maintains Buy rating
Fundamental Factors:
- Strong Q1 2025 performance with adjusted EPS of $1.29 vs $1.06 consensus
- Company maintains FY25 EPS guidance of $3.05-$3.20
- Gas utilities sector showing weakness, with the sector down 0.8% recently
Price Prediction for Next Week (Feb 24-28, 2025): Based on technical indicators and recent news:
Target Prices:
- Resistance: $47.50
- Support: $46.20
- Expected trading range: $46.20-$47.50
- Most likely price: $47.20
Recommendation: HOLD
- Current price ($46.90) is near fair value
- Limited upside potential in short term
- Strong fundamentals but sector headwinds persist
- Wait for better entry point below $46.20
NJR Similar Chart Price Prediction
The price of NJR is predicted to go up 5.31%, based on the high correlation periods with PNW. The similarity of these two price pattern on the periods is 93.2%.
NJR
PNW
Up: 5.31%Similarity: 93.2%
NJR Revenue Forecast
NJR EPS Forecast
NJR FAQs
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NJR VS S&P500
NJR's customer base continues to grow faster than the national average and includes the wealthier regions of New Jersey.
NJR raised its dividend 7.7% for 2024 to $1.68 per share, its 28th consecutive increase. We expect that dividend growth streak to continue.
NJR's distribution utility has received three constructive rate case outcomes and regulatory approval for nearly all of its investment plan since 2016.
NJR Analyst's Forecast
Richard Sunderland
JP Morgan
Hold → Buy
2024-12-12
Price Target
$52 → $54
Upside
+12.9%
JPMorgan upgraded New Jersey Resources to Overweight from Neutral with a price target of $54, up from $52. The company's recent fiscal Q4 earnings showcased continued confidence in its "premium" 7%-9% earnings growth, now re-based to 2025, the analyst tells investors in a research note. The firm sees 2025 as a :more standard" execution-focused year for New Jersey Resources after bigger regulatory lifts in 2024.
Sarah Akers
Wells Fargo
Hold
2024-11-27
Price Target
$51 → $54
Upside
+4.63%
Shahriar Pourreza
Guggenheim
Hold
2024-11-27
Price Target
$46 → $49
Downside
-5.06%
