NJR Should I Buy
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New Jersey Resources Corp (NJR) is a good buy for a beginner investor with a long-term focus and $50,000-$100,000 available for investment. The stock is trading at $54.3 in pre-market, which is near its recent price target upgrades by analysts. Positive hedge fund activity, strong fundamentals, and attractive valuation compared to peers make it a compelling investment. Despite minor insider selling and a slight drop in net income and EPS, the company's revenue growth and strong balance sheet outweigh these concerns. The technical indicators, while mixed, show bullish moving averages, and the options data indicates a bullish sentiment with a low Put-Call ratio.
The MACD is negative and expanding (-0.214), suggesting bearish momentum. RSI is neutral at 52.309, indicating no overbought or oversold conditions. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200). The stock is trading near its pivot level of 54.406, with key resistance at 55.289 and support at 53.524.
Hedge funds are significantly increasing their positions in NJR (+112.67% last quarter).
Analysts have upgraded the stock with price targets of $54 and $56, citing strong fundamentals and attractive valuation.
Revenue increased by 23.85% YoY in Q1
Quant rating of 4.68 indicates strong market competitiveness.
Insiders have been selling shares (+181.37% last month).
Net income and EPS declined YoY (-6.72% and -7.63%, respectively).
Gross margin slightly decreased (-1.79% YoY).
In Q1 2026, revenue grew by 23.85% YoY to $604.85M, showcasing strong top-line growth. However, net income dropped by 6.72% YoY to $122.49M, and EPS fell by 7.63% YoY to 1.21. Gross margin slightly declined to 49.44% (-1.79% YoY).
Analysts have a positive outlook on NJR. JPMorgan raised its price target to $56 (from $52) with an Overweight rating. Mizuho upgraded the stock to Outperform with a price target of $54 (from $51), citing strong fundamentals, attractive valuation, and minimal equity needs.
