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.
Several price targets were given for NJR by the analysts covering the stock. The maximum price target given was 44, implying a possible profit of 5.52 percent. The lowest price target was 30, implying potential capital losses of -28.06 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -86.11 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. 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. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of NJR's earnings is estimated by analysts to be -3.72 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of NJR is -6.19.
NJR has a 52-week high of 43.50 and a 52-week low of 30.46. The current market price is above the trailing year's low by 36.9 percent, and 4.14 percent below the 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 will post this quarters earnings in days, on 0000-00-00.