$51.04
2.39% day before yesterday
NYSE, Nov 22, 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
33%
Hold
56%
Sell
11%

New Jersey Resources Corporation Price Target

Target Price $51.17
Price $51.04
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 $51.17. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 9 analysts: 3 Analysts recommend New Jersey Resources Corporation to buy, 5 to hold and 1 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 Hold.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Sep '23 2024
Estimates
Revenue Billion $ 1.93 1.97
33.80% 1.89%
EBITDA Margin 23.58% 32.10%
28.56% 36.10%
Net Margin 13.92% 14.82%
43.64% 6.48%

2 Analysts have issued a sales forecast New Jersey Resources Corporation 2024 . The average New Jersey Resources Corporation sales estimate is

$2.0b
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. This is
14.67% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$2.1b 23.89%
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, the lowest is
$1.8b 5.44%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.9b 33.80%
2024
$2.0b 1.89%
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2025
$2.0b 1.44%
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2026
$2.1b 3.15%
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2027
$2.3b 11.58%
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2028
$2.4b 3.12%
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2 Analysts have issued an New Jersey Resources Corporation EBITDA forecast 2024. The average New Jersey Resources Corporation EBITDA estimate is

$631m
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. This is
24.33% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$650m 28.00%
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, the lowest is
$612m 20.66%
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.

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

EBITDA Estimates

2023 $455m 14.89%
2024
$631m 38.69%
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2025
$657m 4.11%
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2026
$709m 7.85%
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2027
$791m 11.58%
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2028
$851m 7.61%
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EBITDA Margin

2023 23.58% 28.56%
2024
32.10% 36.10%
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2025
32.95% 2.65%
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2026
34.45% 4.55%
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2027
34.45% 0.00%
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2028
35.94% 4.33%
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1 Analyst has issued a net profit forecast New Jersey Resources Corporation 2024 . The average New Jersey Resources Corporation net profit estimate is

$291m
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. This is
23.03% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$291m 23.03%
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, the lowest is
$291m 23.03%
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.

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

Net Profit Estimates

2023 $269m 4.91%
2024
$291m 8.50%
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2025
$284m 2.42%
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2026
$305m 7.27%
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Net Margin

2023 13.92% 43.64%
2024
14.82% 6.48%
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2025
14.26% 3.78%
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2026
14.83% 4.00%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Sep '23 2024
Estimates
Earnings Per Share $ 2.71 2.94
4.91% 8.49%
P/E 17.36
EV/Sales 4.29

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

$2.94
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. This is
23.01% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$2.94 23.01%
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, the lowest is
$2.94 23.01%
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.

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

Earnings Per Share

2023 $2.71 4.91%
2024
$2.94 8.49%
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2025
$2.87 2.38%
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2026
$3.08 7.32%
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P/E ratio

Current 21.39 44.43%
2024
17.36 18.84%
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2025
17.79 2.48%
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2026
16.58 6.80%
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Based on analysts' sales estimates for 2024, 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 4.92 58.20%
2024
4.29 12.83%
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2025
4.23 1.42%
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2026
4.10 3.05%
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2027
3.67 10.38%
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2028
3.56 3.03%
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P/S ratio

Current 2.95 66.39%
2024
2.57 12.79%
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2025
2.54 1.42%
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2026
2.46 3.05%
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2027
2.21 10.38%
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2028
2.14 3.03%
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