
NJR Stock Forecast & Price Target
NJR Analyst Ratings
Bulls say
New Jersey Resources is poised for positive growth due to expected earnings growth driven by forward-looking EPS projections, which reflect a solid load growth profile in comparison to industry peers and historical averages. Additionally, a potential P/E re-rating, supported by stability in market conditions, weather outcomes, and effective load growth and contract execution, further contributes to an optimistic financial outlook. The regulated utility, New Jersey Natural Gas, benefits from continued regulatory support for natural gas infrastructure in New Jersey, underscoring the firm's potential for sustainable long-term growth despite inherent risks from evolving state and federal policies.
Bears say
New Jersey Resources faces significant renewal pricing risks that may adversely affect its revenues and earnings, particularly if regional demand weakens or competition from new pipelines or storage facilities emerges. The company's vulnerability to changing industry fundamentals, including customer demand and product pricing, could lead to decreased investor confidence and potentially lower market valuations. Additionally, unforeseen issues regarding management practices or financial conditions could further compromise the company's standing and prospective performance in the market.
This aggregate rating is based on analysts' research of New Jersey Resources and is not a guaranteed prediction by Public.com or investment advice.
NJR Analyst Forecast & Price Prediction
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