Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on New Jersey Resources NJR in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 2 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 2 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for New Jersey Resources, presenting an average target of $52.25, a high estimate of $54.00, and a low estimate of $49.00. This current average reflects an increase of 2.96% from the previous average price target of $50.75.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of New Jersey Resources among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines 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 | Lowers | Overweight | $52.00 | $54.00 |
| 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 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to New Jersey Resources. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of New Jersey Resources compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of New Jersey Resources's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of New Jersey Resources's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on New Jersey Resources analyst ratings.
All You Need to Know About New Jersey Resources
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: Delving into Financials
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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: New Jersey Resources's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 23.02%, the company showcases strong profitability and effective cost management.
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 ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.32% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: New Jersey Resources's debt-to-equity ratio stands notably higher than the industry average, reaching 1.6. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
What Are Analyst Ratings?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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