$46.53
0.02% today
NYSE, Dec 30, 10:10 pm CET
ISIN
US6460251068
Symbol
NJR

New Jersey Resources Corporation Target price 2024 - Analyst rating & recommendation

New Jersey Resources Corporation Classifications & Recommendation:

Buy
50%
Hold
50%

New Jersey Resources Corporation Price Target

Target Price $54.50
Price $46.53
Potential
Number of Estimates 6
6 Analysts have issued a price target New Jersey Resources Corporation 2025 . The average New Jersey Resources Corporation target price is $54.50. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 8 analysts: 4 Analysts recommend New Jersey Resources Corporation to buy, 4 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 2025 of . Most analysts recommend the New Jersey Resources Corporation stock at Buy or hold.

Sales and Margin forecast 2025, 2026 to 2029

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Quarter Annually
Sep '24 2025
Estimates
Revenue Billion $ 1.78 2.00
7.51% 12.29%
EBITDA Margin 33.81% 34.60%
43.37% 2.32%
Net Margin 16.28% 15.60%
16.50% 4.15%

2 Analysts have issued a sales forecast New Jersey Resources Corporation 2025 . The average New Jersey Resources Corporation sales estimate is

$2.0b
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. This is
12.29% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$2.2b 21.37%
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, the lowest is
$1.8b 3.21%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $1.8b 7.51%
2025
$2.0b 12.29%
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2026
$2.1b 3.34%
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2027
$2.1b 3.28%
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2028
$2.4b 11.73%
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2029
$2.5b 3.14%
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2 Analysts have issued an New Jersey Resources Corporation EBITDA forecast 2025. The average New Jersey Resources Corporation EBITDA estimate is

$693m
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. This is
14.86% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$704m 16.72%
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, the lowest is
$682m 13.01%
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.

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

EBITDA Estimates

2024 $603m 32.60%
2025
$693m 14.89%
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2026
$734m 5.82%
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2027
$794m 8.26%
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2028
$876m 10.29%
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2029
$941m 7.40%
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EBITDA Margin

2024 33.81% 43.37%
2025
34.60% 2.32%
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2026
35.42% 2.37%
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2027
37.13% 4.83%
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2028
36.65% 1.29%
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2029
38.17% 4.15%
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1 Analyst has issued a net profit forecast New Jersey Resources Corporation 2025 . The average New Jersey Resources Corporation net profit estimate is

$313m
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. This is
7.67% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$313m 7.67%
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, the lowest is
$313m 7.67%
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.

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

Net Profit Estimates

2024 $290m 7.75%
2025
$313m 7.67%
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2026
$306m 2.09%
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2027
$330m 7.88%
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Net Margin

2024 16.28% 16.50%
2025
15.60% 4.15%
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2026
14.78% 5.26%
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2027
15.44% 4.47%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029

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Quarter Annually
Sep '24 2025
Estimates
Earnings Per Share $ 2.92 3.14
7.75% 7.53%
P/E 14.80
EV/Sales 4.07

1 Analysts have issued a New Jersey Resources Corporation forecast for earnings per share. The average New Jersey Resources Corporation <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$3.14
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. This is
7.53% higher
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than earnings per share in the financial year 2024. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$3.14 7.53%
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, the lowest is
$3.14 7.53%
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.

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

Earnings Per Share

2024 $2.92 7.75%
2025
$3.14 7.53%
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2026
$3.08 1.91%
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2027
$3.32 7.79%
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P/E ratio

Current 15.93 3.98%
2025
14.80 7.09%
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2026
15.11 2.09%
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2027
14.01 7.28%
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Based on analysts' sales estimates for 2025, the New Jersey Resources Corporation stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

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

EV/Sales

Current 4.57 14.82%
2025
4.07 10.98%
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2026
3.94 3.24%
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2027
3.81 3.18%
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2028
3.41 10.50%
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2029
3.31 3.05%
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P/S ratio

Current 2.60 13.88%
2025
2.32 10.95%
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2026
2.24 3.24%
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2027
2.17 3.17%
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2028
1.94 10.50%
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2029
1.88 3.04%
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