NJR Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
New Jersey Resources Corp (NJR) is not a strong buy for a beginner investor with a long-term strategy at this moment. While the stock has bullish technical indicators and hedge fund buying interest, the overbought RSI, declining net income, and EPS, along with no strong AI or SwingMax signals, suggest waiting for a better entry point.
The stock shows bullish momentum with MACD positively expanding and moving averages in a bullish alignment (SMA_5 > SMA_20 > SMA_200). However, the RSI at 83.235 indicates the stock is overbought, suggesting a potential pullback. The stock is trading near its resistance level of R1: 57.236.
Hedge funds are significantly increasing their buying activity (+112.67% last quarter). Analysts have raised the price target to $56 with an Overweight rating. The company is committed to sustainability initiatives, which could attract ESG-focused investors.
RSI indicates overbought conditions, suggesting a potential short-term pullback. Financial performance in Q1 2026 shows declining net income (-6.72% YoY) and EPS (-7.63% YoY), raising concerns about profitability. Gross margin also dropped slightly (-1.79% YoY).
In Q1 2026, revenue increased significantly by 23.85% YoY to $604.85 million, but net income dropped by 6.72% YoY to $122.49 million, and EPS fell by 7.63% YoY to 1.21. Gross margin also declined slightly to 49.44 (-1.79% YoY).
JPMorgan raised the price target to $56 from $52 and maintained an Overweight rating, indicating positive sentiment from analysts.
