At the time of writing, New Jersey Resources Corporation [NJR] stock is trading at $47.41, up 2.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The NJR shares have gain 2.13% over the last week, with a monthly amount drifted -0.29%, 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.
For the past year, the stock price of New Jersey Resources Corporation fluctuated 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 $47.41 at the most recent close of the market. An investor can expect a potential drop of -0.86% 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 21.38% 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 1.6.
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 46.68 points at the first support level, and at 45.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.79, and for the 2nd resistance point, it is at 48.16.
Ratios To Look Out For
It is important to note that New Jersey Resources Corporation [NYSE:NJR] has a current ratio of 0.62. On the other hand, the Quick Ratio is 0.36, and the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 2.65, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 16.23.
Transactions by insiders
Recent insider trading involved Migliaccio Patrick J., Senior VP and COO, NJNG, that happened on Dec 23 ’24 when 4983.0 shares were sold. Senior VP and COO, NJNG, Migliaccio Patrick J. completed a deal on Aug 21 ’24 to sell 2500.0 shares. Meanwhile, President & CEO Westhoven Stephen D sold 26600.0 shares on Jul 16 ’24.
