In Friday’s Wall Street session, New Jersey Resources Corporation (NYSE:NJR) shares traded at $45.74, up 0.59% from the previous session.
NJR stock price is now -5.19% away from the 50-day moving average and -3.29% away from the 200-day moving average. The market capitalization of the company currently stands at $4.59B.
With the price target of $51, Jefferies recently initiated with Hold rating for New Jersey Resources Corporation (NYSE: NJR). On December 12, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $52 to quote $54, while the JP Morgan previously rated the stock as ‘Neutral’ on September 21, 2023.
In other news, Bel Roberto, SVP and CFO sold 1,173 shares of the company’s stock on Mar 31 ’25. The stock was sold for $58,650 at an average price of $50.00. Upon completion of the transaction, the SVP and CFO now directly owns 22,649 shares in the company, valued at $1.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 31 ’25, Officer Bel Roberto bought 1,173 shares of the business’s stock. A total of $58,650 was incurred on buying the stock at an average price of $50.00. A total of 0.54% of the company’s stock is owned by insiders.
During the past 12 months, New Jersey Resources Corporation has had a low of $41.58 and a high of $51.94. As of last week, the company has a debt-to-equity ratio of 1.38, a current ratio of 0.93, and a quick ratio of 0.73.
The net profit margin was 20.37% and return on equity was 17.83% for NJR. The company reported revenue of $913.03 million for the quarter, compared to $657.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.78 percent.
