NJR Analyst Ratings
New Jersey Resources Corporation (NJR) operates in the Utilities sector, specifically the Regulated Gas industry, with a market capitalization near $5.23B, listed on NYSE, employing roughly 1,372 people, carrying a beta of 0.50 to the broader market. New Jersey Resources Corporation functions as a diversified energy holding company, offering regulated natural gas distribution along with both retail and wholesale energy solutions. Led by Stephen D. Westhoven, public since 1980-03-17.
Analyst Ratings
In the October 2026 monthly count, 8 analysts rated NJR: 2 Strong Buy, 3 Buy, 3 Hold, 0 Sell and 0 Strong Sell.
Twelve months earlier, in October 2025: 9 analysts, 3 Strong Buy, 3 Buy, 3 Hold, 0 Sell and 0 Strong Sell.
Price Targets
- Average Target
- $63.25
- Median Target
- $62.00
- High
- $68.00
- Low
- $61.00
- Targets Published, Last 12 Months
- 7
Recent Price Targets
The 5 most recent of 7 price targets published in the last 12 months.
| Date | Firm | Analyst | Target | Price When Posted |
|---|---|---|---|---|
| Sep 14, 2026 | New Street | Not named | $68.00 | $53.16 |
| Aug 5, 2026 | Wells Fargo | Constantine Lednev | $61.00 | $57.39 |
| May 20, 2026 | Argus Research | Kristina Ruggeri | $63.00 | $58.19 |
| Apr 21, 2026 | Mizuho Securities | Gabriel Moreen | $61.00 | $55.51 |
| Feb 3, 2026 | Williams Trading | Not named | $55.00 | $51.81 |
Recent Upgrades & Downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 11, 2026 | JP Morgan | maintain | Overweight | Overweight |
| Aug 5, 2026 | Wells Fargo | downgrade | Overweight | Equal Weight |
| Apr 21, 2026 | Mizuho | maintain | Outperform | Outperform |
| Dec 17, 2025 | Mizuho | upgrade | Neutral | Outperform |
| Aug 8, 2025 | Raymond James | maintain | Outperform | Outperform |
Quantitative Rating
NJR carries a model grade of B (overall score 3 of 5), computed from six valuation and financial measures (discounted cash flow, return on equity, return on assets, debt to equity, price to earnings and price to book), each scored 1 to 5. It is not an analyst rating.
How to Read NJR Analyst Coverage
Sell-side equity analysts publish three primary outputs: ratings (Strong Buy / Buy / Hold / Sell / Strong Sell, or firm-specific equivalents), price targets, and EPS / revenue estimate revisions. Rating consensus moves slowly relative to price; it reflects 12-month directional conviction rather than near-term momentum. Price targets are more responsive but typically drift behind realized price during sharp moves. The most actionable signal for options traders is a cluster of ratings actions across multiple firms within a short window, which compresses or expands implied volatility on a horizon of days to weeks and shifts the put-call skew toward the directional consensus. The recent-actions table above shows the five most recent firm-level changes; longer histories live behind aggregator sources.
For event-driven options sizing, pair the consensus rating and target distribution with the implied-volatility surface and dealer-positioning view. Aggressive target hikes from multiple firms tend to tighten put skew (downside protection becomes relatively cheaper); aggressive cuts widen put skew. The size of the IV response in the hours after a rating change is visible on the per-ticker volatility skew page and the gamma-exposure page, both of which show how dealer hedging propagates the analyst-driven flow into the listed options chain.
Learn how analyst ratings is reported and how to read the data →
Frequently asked NJR analyst ratings questions
- What is the NJR consensus price target?
- As of the latest aggregator update, New Jersey Resources Corporation (NJR) carries a consensus 12-month price target of $63.25. Target ranges run from a low of $61.00 to a high of $68.00. The target is the average of the price targets published by sell-side equity analysts covering the name.
- What is the analyst rating consensus on NJR?
- In the October 2026 monthly count, 8 analysts rated NJR, and the distribution tilts to the Buy side: 2 Strong Buy, 3 Buy, 3 Hold, 0 Sell and 0 Strong Sell. Rating consensus moves slowly relative to price; it reflects sell-side conviction over a 12-month horizon rather than near-term momentum.
- What recent ratings actions has NJR seen?
- The five most recent ratings actions on NJR appear on the page above. Sell-side rating changes are watched for two reasons: an upgrade or downgrade with a meaningful target revision moves the consensus and can trigger short-term positioning shifts, and the firm-level rating cluster (multiple firms moving in the same direction within a short window) is a clearer signal than any single action. Options markets often price the implied-vol response within minutes of the announcement.
- How do analyst targets affect NJR options pricing?
- Analyst target revisions tend to be priced in by the lit options market within minutes of publication, but persistent target drift over weeks does correlate with implied-volatility movement. Aggressive target hikes from multiple firms inside a single quarter tighten put skew (downside protection becomes cheaper relative to upside speculation); aggressive cuts widen put skew. The most actionable read is the implied-vol response in the hours after a target change, which is visible on the per-ticker volatility skew page.