Raymond James cuts target to USD 61.00 for New Jersey Resources stock

Published on 10/17/2026 at 22:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The range was USD 43.46 to USD 60.86 on October 16, 2026. New Jersey Resources stock stood at USD 52.19 on October 16, 2026, up 1.28 percent versus prior close.

Analyst target and price range

Raymond James lowered its New Jersey Resources target to USD 61.00 on October 15, 2026.
The stock's 52-week range was USD 43.46 to USD 60.86 on October 16, 2026.
New Jersey Resources stock stood at USD 52.19 on October 16, 2026 at 4:00 p.m. EDT, up 1.28 percent versus the prior close of USD 51.53.
MarketBeat listed a seven-firm consensus target of USD 61.50 and a price-to-earnings ratio of 14.44 on October 3, 2026.

NJR, US6460251068, Illustration mit AI erstellt.

Raymond James lowered its New Jersey Resources price target to USD 61.00 from USD 62.00 on October 15, 2026, while keeping an Outperform rating, according to Markets Insider. The new target was 16.88 percent above the last USD 52.19 quote on October 16, 2026 at 4:00 p.m. EDT.

The stock stays inside its range

New Jersey Resources traded between USD 43.46 and USD 60.86 over the 52 weeks through October 16, 2026. The latest price was 14.25 percent below the high and 20.09 percent above the low, leaving the stock nearer the upper half of its annual range.

Trading volume reached 794,913 shares on October 16, 2026, compared with an average of 678,857 shares. That placed the session volume 17.10 percent above the average, while the stock gained 1.28 percent from the prior close.

Valuation and shareholder return

New Jersey Resources had a market capitalization of USD 5.3 billion and a price-to-earnings ratio of 14.44 as of October 16, 2026. Its trailing dividend yield was 4.00 percent, according to the same dated market figures.

MarketBeat reported on October 3, 2026 that seven firms had a consensus Buy rating and an average 12-month target of USD 61.50. The report also listed fiscal 2026 earnings guidance of USD 3.52 to USD 3.62 per share.

Comparison with peers

New Jersey Resources (NYSE, USD): plus 1.28 percent, P/E 14.44, market capitalization USD 5.3 billion.

UGI (NYSE, USD): plus 2.43 percent, P/E 12.85, market capitalization USD 8.2 billion.

ONE Gas (NYSE, USD): plus 1.39 percent, P/E 16.29, market capitalization USD 4.8 billion.

Price position for investors

The latest quote places New Jersey Resources below its annual high but above its annual low, with the analyst target providing a separate valuation reference. The next market session will show whether the October 16 gain holds after the weekend.

New Jersey Resources is listed on the NYSE under ticker NJR and operates in regulated gas distribution and related energy services. Its reported fiscal 2025 revenue was USD 2.0 billion, while net income attributable to common shareholders was USD 335.6 million, according to its fiscal statements.