| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 01/09/2023 | -8.84% | JP Morgan | $40 → $46 | Maintains | Underweight |
| 11/18/2022 | -8.84% | Mizuho | $45 → $46 | Maintains | Neutral |
| 11/18/2022 | -10.82% | Wells Fargo | $41 → $45 | Maintains | Equal-Weight |
| 10/19/2022 | -18.75% | Wells Fargo | $47 → $41 | Maintains | Equal-Weight |
| 09/09/2022 | -8.84% | JP Morgan | $47 → $46 | Downgrades | Neutral → Underweight |
| 08/08/2022 | -6.86% | Wells Fargo | $45 → $47 | Maintains | Equal-Weight |
| 04/29/2022 | -10.82% | Mizuho | $42 → $45 | Maintains | Neutral |
| 01/05/2022 | -16.77% | Mizuho | → $42 | Downgrades | Buy → Neutral |
| 06/25/2021 | -22.71% | B of A Securities | → $39 | Downgrades | Neutral → Underperform |
| 05/03/2021 | -14.78% | JP Morgan | → $43 | Initiates Coverage On | → Neutral |
| 08/10/2020 | -42.53% | B of A Securities | $28 → $29 | Maintains | Underperform |
| 07/24/2020 | -26.67% | Mizuho | → $37 | Initiates Coverage On | → Buy |
| 07/21/2020 | -44.51% | B of A Securities | $31 → $28 | Maintains | Underperform |
| 05/11/2020 | -24.69% | Wells Fargo | $45 → $38 | Maintains | Equal-Weight |
| 04/23/2020 | -38.57% | B of A Securities | → $31 | Reinstates | → Underperform |
| 03/16/2020 | — | Guggenheim | Upgrades | Sell → Neutral | |
| 01/08/2020 | — | Guggenheim | Downgrades | Neutral → Sell | |
| 07/11/2019 | — | Guggenheim | Upgrades | Sell → Neutral | |
| 01/07/2019 | — | Guggenheim | Downgrades | Neutral → Sell | |
| 09/17/2018 | -6.86% | Wells Fargo | $45 → $47 | Maintains | Market Perform |
| 09/10/2018 | — | Guggenheim | Downgrades | Buy → Neutral | |
| 06/05/2018 | — | B of A Securities | Downgrades | Neutral → Underperform | |
| 05/30/2018 | -2.89% | Argus Research | $45 → $49 | Maintains | Buy |
What is the target price for New Jersey Resources (NJR)?
The latest price target for New Jersey Resources (NYSE: NJR) was reported by JP Morgan on January 9, 2023. The analyst firm set a price target for $46.00 expecting NJR to fall to within 12 months (a possible -8.84% downside). 7 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for New Jersey Resources (NJR)?
The latest analyst rating for New Jersey Resources (NYSE: NJR) was provided by JP Morgan, and New Jersey Resources maintained their underweight rating.
When is the next analyst rating going to be posted or updated for New Jersey Resources (NJR)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of New Jersey Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for New Jersey Resources was filed on January 9, 2023 so you should expect the next rating to be made available sometime around January 9, 2024.
Is the Analyst Rating New Jersey Resources (NJR) correct?
While ratings are subjective and will change, the latest New Jersey Resources (NJR) rating was a maintained with a price target of $40.00 to $46.00. The current price New Jersey Resources (NJR) is trading at is $50.46, which is out of the analyst's predicted range.