At the time of writing, New Jersey Resources Corporation [NJR] stock is trading at $51.61, up 1.77%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NJR shares have gain 5.78% over the last week, with a monthly amount glided 11.88%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
New Jersey Resources Corporation [NYSE: NJR] stock has seen the most recent analyst activity on September 21, 2023, when JP Morgan upgraded its rating to a Neutral and also boosted its price target to $46 from $44. Previously, JP Morgan downgraded its rating to Underweight on September 09, 2022, and dropped its price target to $46. On January 05, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $42 on the stock. BofA Securities downgraded its rating to a Underperform but stick to its price target of $39 on June 25, 2021. JP Morgan initiated its recommendation with a Neutral and recommended $43 as its price target on May 03, 2021. Siebert Williams Shank started tracking with a Buy rating for this stock on January 19, 2021, and assigned it a price target of $44. In a note dated July 24, 2020, Mizuho initiated an Buy rating.
For the past year, the stock price of New Jersey Resources Corporation fluctuated between $39.44 and $51.80. Currently, Wall Street analysts expect the stock to reach $47 within the next 12 months. New Jersey Resources Corporation [NYSE: NJR] shares were valued at $51.61 at the most recent close of the market. An investor can expect a potential drop of -8.93% based on the average NJR price forecast.
Analyzing the NJR fundamentals
According to New Jersey Resources Corporation [NYSE:NJR], the company’s sales were 1.78B for trailing twelve months, which represents an 20.81% jump. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.13 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.53.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 50.34 points at the first support level, and at 49.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.41, and for the 2nd resistance point, it is at 53.22.
Ratios To Look Out For
It is important to note that New Jersey Resources Corporation [NYSE:NJR] has a current ratio of 0.60. As well, the Quick Ratio is 0.41, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 2.94, the price to book ratio is 2.39 and price to earnings (TTM) ratio is 17.68.
Transactions by insiders
Recent insider trading involved Migliaccio Patrick J., Senior VP and COO, NJNG, that happened on Aug 21 ’24 when 2500.0 shares were sold. President & CEO, Westhoven Stephen D completed a deal on Jul 16 ’24 to sell 26600.0 shares. Meanwhile, President & CEO Westhoven Stephen D sold 3400.0 shares on Jul 12 ’24.
