Analyst Ratings for New Jersey Resources Corp. (NJR)Updated: 2017-07-26
New Jersey Resources Corp. (NYSE:NJR) was awarded an average rating of Hold from investment analysts following the stock. NJR had previously received a consensus rating of Hold a month ago.
11 analysts issued ratings on the stock, where 2 gave NJR a buy rating, 1 issued an overweight rating, 6 issued a hold rating, 1 issued an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. Over the same time period, there has been an increase of 1 in the number of analysts with a negative outlook on the stock.
Many analysts weighed in on price targets for NJR. The most optimistic price target was 44, implying potential capital gains of 5.52 percent. The most pessimistic price target was 30, implying a possible loss of -28.06 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -86.11 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.76 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of NJR's earnings is estimated by analysts to be -3.72 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. NJR has a PEG ratio of -6.19.
NJR has a 52-week high of 43.50 and a 52-week low of 30.46. Today's price is 36.9 percent above the 52-week low, and 4.14 percent lower than its 52-week high. NJR has a P/E ratio of 23.04. Investors typically compare the P/E ratio to a company's peers in the industry. The NJR value stock report compares NJR to some of its peers using value stock charts. The market cap of NJR is $3.58 billion. NJR's next earnings release will be on 0000-00-00, which is days away.