Ratings for New Jersey Resources NJR were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 1 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for New Jersey Resources, presenting an average target of $51.0, a high estimate of $54.00, and a low estimate of $47.00. This upward trend is evident, with the current average reflecting a 5.81% increase from the previous average price target of $48.20.
Decoding Analyst Ratings: A Detailed Look
The analysis of recent analyst actions sheds light on the perception of New Jersey Resources by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Richard Sunderland | JP Morgan | Raises | Overweight | $54.00 | $52.00 |
| Sarah Akers | Wells Fargo | Raises | Equal-Weight | $54.00 | $51.00 |
| Shahriar Pourreza | Guggenheim | Raises | Neutral | $49.00 | $46.00 |
| Sarah Akers | Wells Fargo | Raises | Equal-Weight | $51.00 | $47.00 |
| Gabriel Moreen | Mizuho | Raises | Neutral | $47.00 | $45.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to New Jersey Resources. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of New Jersey Resources compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of New Jersey Resources's stock. This analysis reveals shifts in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of New Jersey Resources's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on New Jersey Resources analyst ratings.
Delving into New Jersey Resources's Background
New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to nearly 600,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.
New Jersey Resources: Financial Performance Dissected
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: New Jersey Resources displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 19.45%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Utilities sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 23.02%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): New Jersey Resources's ROE stands out, surpassing industry averages. With an impressive ROE of 4.2%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): New Jersey Resources's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.32%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.6, caution is advised due to increased financial risk.
Analyst Ratings: What Are They?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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