New Jersey Resources stock trades below a USD 61.50 target

Published on 10/08/2026 at 03:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seven analysts rate New Jersey Resources Buy, with targets from USD 53.00 to USD 68.00. Fiscal Q3 revenue reached USD 349.18 million, up 16.8 percent year over year.

NJR, US6460251068, Illustration mit AI erstellt.

New Jersey Resources (ISIN US6460251068) was last at USD 50.96 on the NYSE on October 7, 2026 at 3:59 p.m. ET, down 1.14 percent from the prior close. The latest investable signal is the analyst consensus published by MarketBeat on October 3, 2026.

Seven analysts set a USD 61.50 target

MarketBeat reports a Buy consensus from seven research firms on October 3, 2026. Five analysts issued Buy ratings, one issued Strong Buy and one issued Hold, with targets ranging from USD 53.00 to USD 68.00 and an average of USD 61.50.

Against the October 7 price of USD 50.96, the average target lies 20.7 percent above the price. That gap is the central valuation question for NJR stock, because the average target remains above the 52-week high of USD 60.86 while the share price is also 16.3 percent below that high.

Revenue rose 16.8 percent in fiscal Q3

For the fiscal third quarter ended June 30, 2026, NJR generated USD 349.18 million in revenue, up 16.8 percent year over year, according to MarketBeat. The same quarter produced USD 0.11 earnings per share against a USD 0.06 consensus estimate, a USD 0.05 beat.

The company had reported fiscal Q3 consolidated net income of USD 9.7 million, or USD 0.10 per share, compared with a USD 15.1 million loss, or USD 0.15 per share, in fiscal Q3 2025, according to Business Wire. The comparison is GAAP and covers the fiscal quarter ended June 30, 2026.

Dividend reaches USD 0.50 per share

New Jersey Resources raised its quarterly dividend from USD 0.475 to USD 0.50 per share, effective with the October 1, 2026 payment, according to Business Wire on September 10, 2026. The annualized payout is USD 2.00, and the increase marked the 31st consecutive annual dividend increase.

NJR stock stays below its yearly high

New Jersey Resources stock was last at USD 50.96 on the NYSE on October 7, 2026 at 3:59 p.m. ET. Its 52-week range was USD 43.46 to USD 60.86, and its market capitalization was USD 5.1 billion as of October 7, 2026.