New Jersey Resources Corp has a consensus price target of $46.2 based on the ratings of 5 analysts. The high is $47 issued by Wells Fargo on August 4, 2023. The low is $45 issued by Mizuho on February 5, 2024. The 3 most-recent analyst ratings were released by Mizuho, Mizuho, and JP Morgan on February 5, 2024, November 20, 2023, and September 21, 2023, respectively. With an average price target of $46 between Mizuho, Mizuho, and JP Morgan, there's an implied 0.17% upside for New Jersey Resources Corp from these most-recent analyst ratings.
1calculated from analyst ratings
Buy Now | Get Alert | |||||||
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02/05/2024 | Buy Now | -2% | Mizuho | Gabriel Moreen | $47 → $45 | Maintains | Neutral | Get Alert |
11/20/2023 | Buy Now | 2.35% | Mizuho | Gabriel Moreen | $49 → $47 | Maintains | Neutral | Get Alert |
09/21/2023 | Buy Now | 0.17% | JP Morgan | — | $44 → $46 | Upgrade | Underweight → Neutral | Get Alert |
08/04/2023 | Buy Now | 2.35% | Wells Fargo | Sarah Akers | $52 → $47 | Maintains | Equal-Weight | Get Alert |
04/24/2023 | Buy Now | 2.35% | Guggenheim | Shahriar Pourreza | $46 → $47 | Maintains | Neutral | Get Alert |
02/07/2023 | Buy Now | 11.06% | Mizuho | Gabriel Moreen | $46 → $51 | Maintains | Neutral | Get Alert |
01/10/2023 | Buy Now | 8.89% | Wells Fargo | Sarah Akers | $51 → $50 | Maintains | Equal-Weight | Get Alert |
01/09/2023 | Buy Now | 0.17% | JP Morgan | Richard Sunderland | $40 → $46 | Maintains | Underweight | Get Alert |
11/18/2022 | Buy Now | 0.17% | Mizuho | Gabriel Moreen | $45 → $46 | Maintains | Neutral | Get Alert |
11/18/2022 | Buy Now | -2% | Wells Fargo | Sarah Akers | $41 → $45 | Maintains | Equal-Weight | Get Alert |
10/19/2022 | Buy Now | -10.71% | Wells Fargo | Sarah Akers | $47 → $41 | Maintains | Equal-Weight | Get Alert |
09/09/2022 | Buy Now | 0.17% | JP Morgan | Richard Sunderland | $47 → $46 | Downgrade | Neutral → Underweight | Get Alert |
08/08/2022 | Buy Now | 2.35% | Wells Fargo | Sarah Akers | $45 → $47 | Maintains | Equal-Weight | Get Alert |
04/29/2022 | Buy Now | -2% | Mizuho | Gabriel Moreen | $42 → $45 | Maintains | Neutral | Get Alert |
01/05/2022 | Buy Now | -8.54% | Mizuho | Gabriel Moreen | → $42 | Downgrade | Buy → Neutral | Get Alert |
The latest price target for New Jersey Resources (NYSE:NJR) was reported by Mizuho on February 5, 2024. The analyst firm set a price target for $45.00 expecting NJR to fall to within 12 months (a possible -2.00% downside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for New Jersey Resources (NYSE:NJR) was provided by Mizuho, and New Jersey Resources maintained their neutral rating.
The last upgrade for New Jersey Resources Corp happened on September 21, 2023 when JP Morgan raised their price target to $46. JP Morgan previously had an underweight for New Jersey Resources Corp.
The last downgrade for New Jersey Resources Corp happened on September 9, 2022 when JP Morgan changed their price target from $47 to $46 for New Jersey Resources Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of New Jersey Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for New Jersey Resources was filed on February 5, 2024 so you should expect the next rating to be made available sometime around February 5, 2025.
While ratings are subjective and will change, the latest New Jersey Resources (NJR) rating was a maintained with a price target of $47.00 to $45.00. The current price New Jersey Resources (NJR) is trading at is $45.92, which is out of the analyst’s predicted range.
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