New Jersey Resources

NJR · NYSE

$52.02+$0.84 (+1.64%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $51.18

NJR analyst rating

BuyConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform0
Sell0

12-month price target · 8 analysts

Average $63.07 (+21.2% upside)

Low: $56.56
Now: $52.02
High: $71.40

Upgrades and downgrades

The latest rating actions, newest first

NJR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Sep 11, 2026	Maintains	Overweight	$64.00 → $63.00	42%
Wells Fargo	Aug 5, 2026	Downgrade	Overweight → Equal-Weight	$63.00 → $61.00	40%
Wells Fargo	May 12, 2026	Initiates	Overweight	$63.00	40%
Mizuho	Apr 21, 2026	Maintains	Outperform	$54.00 → $61.00	71%
Mizuho	Dec 17, 2025	Upgrade	Neutral → Outperform	$51.00 → $54.00	71%

The case for and against

Updated Jan 26, 2026

Bull case

New Jersey Resources is positioned for future growth, driven by projected earnings increases reflected in forward-looking EPS projections. The company is anticipated to experience a P/E re-rating, supported by its positive load growth profile which aligns with industry peer comparisons and historical averages. Additionally, a stable valuation range due to favorable market conditions, weather patterns, and effective execution of contracts further underpins a positive outlook for NJR's stock.

Bear case

New Jersey Resources faces significant risks related to renewal pricing, particularly as regional demand may weaken or new competition from pipelines and storage facilities emerges. Fundamental industry dynamics, such as fluctuations in customer demand and product pricing, could negatively influence the company's expected revenues and earnings. Additionally, unforeseen challenges related to management, financial stability, or accounting practices may adversely affect the company's overall valuation and investor sentiment.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.