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 most optimistic price target was 44, implying a possible profit of 5.52 percent. The lowest price target was 30, implying a possible loss 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days 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. If we look at the last 90 days instead, we find a net average change of 1.76 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
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. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of NJR is -6.19.
In the last 52-weeks, NJR has achieved a high of 43.50 and a low of 30.46. Currently the stock is 36.9 percent higher than its low, and 4.14 percent below the high. NJR has a price/earnings 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 stock has a market capitalization of $3.58 billion. NJR will post this quarters earnings in days, on 0000-00-00.