NJR: Raymond James Initiates Coverage with Outperform Rating | NJR Stock News

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Jun 13, 2025

On June 13, 2025, Raymond James, a leading financial services firm, announced the initiation of coverage on New Jersey Resources (NJR, Financial) with an "Outperform" rating. The analyst responsible for this coverage is J.R. Weston.

In conjunction with the rating announcement, Raymond James set a target price of $49.00 USD for New Jersey Resources (NJR, Financial). This price target reflects the firm's positive outlook on the company's future performance in the market.

The newly established "Outperform" rating suggests that Raymond James expects the stock to perform better than the overall market average. This marks the beginning of the firm's analytical coverage for New Jersey Resources (NJR, Financial), signifying potential growth and investor interest in the stock.

Wall Street Analysts Forecast

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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 23.33% from the current price of $44.73. 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 $36.98, suggesting a downside of 17.33% from the current price of $44.73. 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.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.