
NJR Stock Forecast & Price Target
NJR Analyst Ratings
Bulls say
New Jersey Resources is projected to experience earnings growth driven by forward-looking EPS projections, coupled with a P/E re-rating that reflects its load growth profile, which is favorable when compared to industry peers and historical averages. The company's valuation is expected to remain stable, influenced by external factors such as market conditions, weather patterns, and successful load growth and contract execution. Additionally, the long-term growth of New Jersey Natural Gas is supported by continued regulatory backing for natural gas infrastructure in the state, although potential risks associated with state and federal policies remain a consideration.
Bears say
New Jersey Resources faces significant risks related to renewal pricing, particularly if regional demand for natural gas weakens or if new competing infrastructure emerges, which could adversely affect revenue and earnings. Additionally, potential shifts in industry fundamentals, competitor dynamics, or unforeseen corporate governance issues could change market perceptions and further impact the company's financial stability. Overall, these factors contribute to a negative outlook for New Jersey Resources's stock, reflecting uncertainty in both its regulated and nonregulated operations.
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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