$50.61
0.88%
NYSE, Sep 25, 04:00 pm EDT. Closed.
ISIN
US6460251068
Symbol
NJR

New Jersey Resources Corporation Target price 2026 - Analyst rating & recommendation

New Jersey Resources Corporation Classifications & Recommendation

Buy
73%
Hold
27%

New Jersey Resources Corporation Price Target

Target Price $62.22
Price $50.61
Potential
Number of Estimates 7
7 Analysts have issued a price target New Jersey Resources Corporation 2027 . The average New Jersey Resources Corporation target price is $62.22. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 11 analysts: 8 Analysts recommend New Jersey Resources Corporation to buy, 3 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the New Jersey Resources Corporation stock has an average upside potential 2027 of . Most analysts recommend the New Jersey Resources Corporation stock at Purchase.

Sales and Margin forecast 2026, 2027 to 2030

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Select at least one metric to display the chart.


Quarter Annually
Sep '25 2026
Estimates
Revenue Billion $ 2.04 2.23
13.35% 9.56%
EBITDA Margin 31.40% 34.96%
9.69% 11.34%
Net Margin 16.48% 16.37%
2.18% 0.68%

7 Analysts have issued a sales forecast New Jersey Resources Corporation 2026 . The average New Jersey Resources Corporation sales estimate is

$2.2b
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. This is
0.07% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$2.4b 5.99%
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, the lowest is
$2.1b 4.87%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 $2.0b 13.35%
2026
$2.2b 9.56%
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2027
$2.2b 2.42%
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2028
$2.3b 4.41%
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2029
$2.5b 8.71%
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2030
$2.6b 4.33%
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5 Analysts have issued an New Jersey Resources Corporation EBITDA forecast 2026. The average New Jersey Resources Corporation EBITDA estimate is

$780m
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. This is
3.71% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$811m 7.81%
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, the lowest is
$757m 0.62%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2025 $639m 2.36%
2026
$780m 21.98%
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2027
$771m 1.14%
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2028
$848m 10.02%
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2029
$997m 17.50%
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2030
$1.1b 8.14%
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EBITDA Margin

2025 31.40% 9.69%
2026
34.96% 11.34%
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2027
35.42% 1.32%
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2028
37.33% 5.39%
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2029
40.34% 8.06%
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2030
41.82% 3.67%
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9 New Jersey Resources Corporation Analysts have issued a net profit forecast 2026. The average New Jersey Resources Corporation net profit estimate is

$365m
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. This is
0.27% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$385m 5.27%
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, the lowest is
$343m 6.33%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2025 $336m 15.82%
2026
$365m 8.80%
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2027
$356m 2.49%
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2028
$386m 8.29%
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2029
$416m 8.00%
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2030
$449m 7.91%
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Net Margin

2025 16.48% 2.18%
2026
16.37% 0.68%
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2027
16.36% 0.06%
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2028
16.96% 3.67%
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2029
16.85% 0.65%
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2030
17.43% 3.44%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2030

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Select at least one metric to display the chart.


Quarter Annually
Sep '25 2026
Estimates
Earnings Per Share $ 3.33 3.60
14.04% 8.11%
P/E 14.05
EV/Sales 3.95

9 Analysts have issued a New Jersey Resources Corporation forecast for earnings per share. The average New Jersey Resources Corporation EPS is

$3.60
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. This is
0.28% lower
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than earnings per share in the financial year 2025. The highest EPS forecast is
$3.80 5.26%
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, the lowest is
$3.38 6.37%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2025 $3.33 14.04%
2026
$3.60 8.11%
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2027
$3.51 2.50%
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2028
$3.80 8.26%
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2029
$4.11 8.16%
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2030
$4.43 7.79%
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P/E ratio

Current 14.02 22.18%
2026
14.05 0.22%
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2027
14.41 2.56%
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2028
13.31 7.63%
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2029
12.32 7.44%
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2030
11.42 7.31%
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Based on analysts' sales estimates for 2026, the New Jersey Resources Corporation stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.95 2.33%
2026
3.95 0.09%
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2027
4.04 2.48%
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2028
3.87 4.22%
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2029
3.56 8.01%
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2030
3.42 4.15%
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P/S ratio

Current 2.30 2.41%
2026
2.30 0.07%
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2027
2.36 2.48%
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2028
2.26 4.22%
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2029
2.08 8.02%
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2030
1.99 4.15%
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Current New Jersey Resources Corporation Upgrades & Downgrades

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Analyst Rating Action Date
JP Morgan
Locked
➜
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Locked Sep 11 2026
Wells Fargo
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➜
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Locked Aug 05 2026
Wells Fargo
Locked
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Locked
Locked May 12 2026
Mizuho
Locked
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Locked
Locked Apr 21 2026
Mizuho
Locked
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Locked
Locked Dec 17 2025
Raymond James
Locked
➜
Locked
Locked Aug 08 2025
Raymond James
Locked
➜
Locked
Locked Jun 13 2025
Analyst Rating Date
Locked
JP Morgan:
Locked
➜
Locked
Sep 11 2026
Locked
Wells Fargo:
Locked
➜
Locked
Aug 05 2026
Locked
Wells Fargo:
Locked
➜
Locked
May 12 2026
Locked
Mizuho:
Locked
➜
Locked
Apr 21 2026
Locked
Mizuho:
Locked
➜
Locked
Dec 17 2025
Locked
Raymond James:
Locked
➜
Locked
Aug 08 2025
Locked
Raymond James:
Locked
➜
Locked
Jun 13 2025

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