New Jersey Resources (NJR) Downgraded by Zacks Investment Research to Sell

New Jersey Resources stock has undergone multiple analysts rating changes in the recent past.  New Jersey Resources Downgraded by Zacks Investment Research on 10/12/2021. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Hold.

Shares of New Jersey Resources traded up $0.14 on Monday, reaching $37.14. 0 shares of the stock traded hands, compared to its average volume of 460742. Shares of New Jersey Resources were trading at $37.14 on Monday. The firm’s 50 day moving average is $36.98 and its 200 day moving average is $39.21.New Jersey Resources has a 12 month low of $37.00 and a 12 month high of $44.41. While on yearly highs and lows, New Jersey Resources’s today has traded high as $37.32 and has touched $37.00 on the downward trend. See More Analyst Rating at: RATING

New Jersey Resources Earnings and What to expect: 

New Jersey Resources last announced its earnings data on August 5th, 2021. The utilities provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.08. The business had revenue of $367.59 million for the quarter, compared to the consensus estimate of $371.53 million. Its revenue was up 23.0% on a year-over-year basis. New Jersey Resources has generated $2.06 earnings per share over the last year ($1.68 diluted earnings per share) and currently has a price-to-earnings ratio of 22.1. Earnings for New Jersey Resources are expected to grow by 5.12% in the coming year, from $2.15 to $2.26 per share. New Jersey Resources has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, November 29th, 2021 based off prior year’s report dates.

Earnings for New Jersey Resources are expected to grow by 5.12% in the coming year, from $2.15 to $2.26 per share. The P/E ratio of New Jersey Resources is 22.11, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.28. The P/E ratio of New Jersey Resources is 22.11, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 13.93. New Jersey Resources has a PEG Ratio of 2.39. PEG Ratios above 1 indicate that a company could be overvalued. New Jersey Resources has a P/B Ratio of 1.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

New Jersey Resources (NJR) Moving Average Technical Analysis

5 day Moving Average is $36.98 And 5 day price change is $0.56 (1.53%)  with average volume for 5 day average is 371,700. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $35.73 and 20 day price change is $0.62 (1.70%) and average 20 day moving volume is 491,255. 50 day moving average is $36.98  and 50 day price change is -$1.38 ( -3.58%)  and with average volume for 50 days is : 461,284. 200 day moving average is $39.21  and 200 day price change is $2.31 (6.63%)  and with average volume for 200 days is : 506,913.

Other owners latest trading in New Jersey Resources :

  • On 10/6/2021 shares held by Cox Capital Mgt LLC were 57,306 which equates to market value of $2M and appx 1.30% owners of New Jersey Resources
  • On 10/4/2021 shares held by Confluence Investment Management LLC were 506,471 which equates to market value of $17.63M and appx 0.20% owners of New Jersey Resources
  • On 9/24/2021 shares held by Thrivent Financial for Lutherans were 25,654 which equates to market value of $1.02M and appx 0.00% owners of New Jersey Resources
  • In total Institutional ownership equates to Institutional Ownership Percentage: 71.13% for New Jersey Resources

See More Analyst Rating at: RATING