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 most optimistic price target was 44, which equates to a potential upside of 5.52 percent. The most pessimistic price target was 30, which equates to a potential downside of -28.06 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. 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. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, 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. Smaller PEG ratios are desirable, 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, though it could be better to see where the ratio stands relative to peers in the industry. NJR has a PEG ratio of -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 market cap of NJR is $3.58 billion. NJR will post this quarters earnings in days, on 0000-00-00.