A share price of New Jersey Resources Corporation [NJR] is currently trading at $46.03, up 1.39%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NJR shares have lost -3.76% over the last week, with a monthly amount drifted -5.56%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
New Jersey Resources Corporation [NYSE: NJR] stock has seen the most recent analyst activity on December 12, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $54 from $52. Previously, JP Morgan upgraded its rating to Neutral on September 21, 2023, and elevated its price target to $46. On September 09, 2022, downgrade downgraded it’s rating to Underweight and revised its price target to $46 on the stock. Mizuho downgraded its rating to a Neutral but stick to its price target of $42 on January 05, 2022. BofA Securities downgraded its rating to a Underperform but $39 remained the price target by the analyst firm on June 25, 2021. JP Morgan started tracking with a Neutral rating for this stock on May 03, 2021, and assigned it a price target of $43. In a note dated January 19, 2021, Siebert Williams Shank initiated an Buy rating and provided a target price of $44 on this stock.
New Jersey Resources Corporation experienced fluctuations in its stock price throughout the past year between $39.44 and $51.94. 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 $46.03 at the most recent close of the market. An investor can expect a potential return of 2.11% based on the average NJR price forecast.
Analyzing the NJR fundamentals
Trailing Twelve Months sales for New Jersey Resources Corporation [NYSE:NJR] were 1.78B which represents 21.38% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.53.
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 45.49 points at the first support level, and at 44.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.52, and for the 2nd resistance point, it is at 47.02.
Ratios To Look Out For
To put it in perspective, the Current Ratio for New Jersey Resources Corporation [NYSE:NJR] is 0.62. Further, the Quick Ratio stands at 0.36, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 2.57, the price to book ratio is 2.08 and price to earnings (TTM) ratio is 15.76.
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.
