€39.90
0.27% day before yesterday
L&S, Jun 28, 10:52 pm CET
ISIN
US6460251068
Symbol
NJR
Sector
Industry

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

New Jersey Resources Corporation Classifications & Recommendation:

Buy
43%
Hold
57%

New Jersey Resources Corporation Target price

Target price $46.80
Course $42.74
Price potential
Number of estimates 5
5 Analysts have issued a price target New Jersey Resources Corporation 2025 . The average New Jersey Resources Corporation target price is $46.80. This is higher than the current share price. The highest price target is , the lowest is .
A rating was issued by 7 analysts: 3 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 share has an average upside potential 2025 of . Most analysts recommend the New Jersey Resources Corporation share at Hold.

Sales and margin forecast 2024, 2025 to 2028

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Quarter Annually
Sep '23 2024
Forecast
Turnover Billion $ 1.93 1.97
33.80% 1.96%
EBITDA margin 23.58% 32.07%
28.56% 35.98%
Net margin 13.87% 14.68%
43.64% 5.85%

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
16.14% higher
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than the turnover of the last 12 months(TTM). The highest sales forecast is
$2.1b 25.40%
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, the lowest is
$1.8b 6.88%
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.

This results in the following potential growth figures:

Sales forecast

2023 $1.9b 33.80%
2024
$2.0b 1.96%
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2025
$2.0b 1.49%
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2026
$2.1b 2.88%
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2027
$2.3b 11.74%
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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
28.35% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$643m 30.84%
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, the lowest is
$619m 25.86%
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.

This results in the following potential growth figures and future EBITDA margins:

EBITDA forecast

2023 $455m 14.89%
2024
$631m 38.66%
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2025
$657m 4.16%
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2026
$707m 7.54%
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2027
$791m 11.86%
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2028
$851m 7.61%
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EBITDA margin

2023 23.58% 28.56%
2024
32.07% 35.98%
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2025
32.92% 2.65%
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2026
34.41% 4.53%
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2027
34.45% 0.12%
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2028
35.94% 4.33%
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2 New Jersey Resources Corporation Analysts have issued a net profit forecast 2024. The average New Jersey Resources Corporation net profit estimate is

$289m
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. This is
16.09% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$289m 16.31%
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, the lowest is
$288m 15.87%
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.

This results in the following potential growth figures and future net margins:

Net profit forecast

2023 $268m 4.91%
2024
$289m 7.95%
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2025
$282m 2.53%
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2026
$297m 5.60%
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Net margin

2023 13.87% 43.64%
2024
14.68% 5.85%
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2025
14.10% 3.95%
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2026
14.48% 2.70%
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Earnings per share, P/E ratio and EV/sales forecast 2024, 2025 to 2028

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Quarter Annually
Sep '23 2024
Forecast
Earnings per share $ 2.71 2.93
4.91% 8.12%
P/E ratio 14.61
EV/Sales 3.77

2 Analysts have issued a New Jersey Resources Corporation forecast for earnings per share. The average New Jersey Resources Corporation <a href=/blog/eps>EPS is

$2.93
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. This is
16.27% higher
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than earnings per share in the financial year 2023. The highest <a href=/blog/eps>EPS forecast is
$2.93 16.27%
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, the lowest is
$2.92 15.87%
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.

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

Earnings per share

2023 $2.71 4.91%
2024
$2.93 8.12%
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2025
$2.85 2.73%
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2026
$3.01 5.61%
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P/E ratio

Current 16.97 14.97%
2024
14.61 13.91%
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2025
14.99 2.60%
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2026
14.19 5.34%
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Based on analysts' sales estimates for 2024, the New Jersey Resources Corporation share is valued at an <a href=/blog/ev-sales-einfach-erklaert>EV/Sales of

and an <a href=/blog/kurs-umsatz-verhaeltnis-kuv-einfach-erklaert>P/S ratio of .

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

EV/Sales

Current 4.38 55.32%
2024
3.77 13.82%
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2025
3.72 1.46%
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2026
3.62 2.80%
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2027
3.24 10.51%
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2028
3.14 3.03%
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P/S ratio

Current 2.49 49.07%
2024
2.15 13.90%
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2025
2.12 1.47%
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2026
2.06 2.80%
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2027
1.84 10.51%
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2028
1.78 3.03%
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