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.
Investment analysts gave a few price targets for NJR. The maximum price target given was 44, implying a possible profit of 5.52 percent. The most pessimistic analyst gave a price target of 30, implying potential capital losses of -28.06 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
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. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. 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 made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
NJR has an estimated earnings growth rate of -3.72 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, 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.
In the trailing 52-weeks, NJR hit 43.50 at the highest peak, while it's lowest trading point was 30.46. Today's price is 36.9 percent above the 52-week 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 market cap of NJR is $3.58 billion. NJR will post this quarters earnings in days, on 0000-00-00.