
NJR Stock Forecast & Price Target
NJR Analyst Ratings
Bulls say
New Jersey Resources is poised for growth, driven by projected earnings growth based on forward-looking EPS projections and a favorable P/E re-rating that reflects its load growth profile in comparison to industry peers. The company's regulated utility, New Jersey Natural Gas, is expected to benefit from ongoing regulatory support for natural gas infrastructure, which is crucial for sustaining long-term growth. Additionally, the stability of NJR's valuation is underpinned by favorable market conditions, weather outcomes, and effective contract execution.
Bears say
The analysis indicates a negative outlook for New Jersey Resources due to significant renewal pricing risks that may arise if regional demand weakens or if new competing infrastructure is introduced. Additionally, changing industry fundamentals related to customer demand and pricing could adversely impact expected revenues and earnings, posing further challenges. Finally, potential issues concerning competition, market share dynamics, or unforeseen management and financial developments may alter investor sentiment and negatively influence the stock's valuation.
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
Start investing in NJR
Order type
Buy in
Order amount
Est. shares
0 shares