On May 28, 2025, JP Morgan analyst Richard Sunderland announced a revision in the price target for New Jersey Resources (NJR, Financial). The price target has been lowered from a previous figure of USD 56.00 to a new target of USD 51.00. This adjustment represents a percentage change of -8.93%.
Despite the adjustment in the price target, JP Morgan maintains its "Overweight" rating for New Jersey Resources (NJR, Financial), reaffirming its confidence in the stock's potential performance relative to the market. Both the prior and current ratings remain consistent with this positive outlook.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for New Jersey Resources Corp (NJR, Financial) is $55.17 with a high estimate of $61.00 and a low estimate of $50.00. The average target implies an upside of 20.45% from the current price of $45.80. More detailed estimate data can be found on the New Jersey Resources Corp (NJR) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, New Jersey Resources Corp's (NJR, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for New Jersey Resources Corp (NJR, Financial) in one year is $36.19, suggesting a downside of 20.98% from the current price of $45.8. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the New Jersey Resources Corp (NJR) Summary page.
