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How to Buy New Jersey Resources Stock

New Jersey Resources Corp

New Jersey Resources is a gas company located in New Jersey, United States, which is part of the Utilities sector, and is traded under the ticker NJR on the NYSE exchange.

New Jersey Resources stock last closed at $42.37, up 1.88% from the previous day, and has decreased 18.78% in one year. It has underperformed other stocks in the Utilities - Regulated Gas industry by 0.11 percentage points. New Jersey Resources stock is currently +8.86% from its 52-week low of $38.92, and -24.12% from its 52-week high of $55.84.

At the moment, there are 98.3M shares of NJR outstanding. The market capitalization of NJR is $4.17B. In the past 24 hours, 568,010 NJR shares were traded.

How to Buy New Jersey Resources Stock

Not sure how to invest in New Jersey Resources stock? Here's how.
  1. Decide where to buy New Jersey Resources stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy New Jersey Resources stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Fund your investment account: Choose your method of payment and add your information.
  4. Evaluate New Jersey Resources stock: The New Jersey Resources ticker symbol is NJR. Is New Jersey Resources stock a good investment? Should you buy shares of NJR? How do NJR's underlying business fundamentals look? Do top analysts think New Jersey Resources is a good buy? Why has NJR's stock price moved recently? (Hint: Our stock analysis website can help you decide if NJR is a good stock to buy).
  5. Place your NJR purchase: Decide if you will purchase NJR shares at the current market price or use a limit order to buy NJR shares at a particular price.
  6. Keep tabs on your investment in NJR: Create a watchlist to keep tabs on your new investment in New Jersey Resources shares.

Step 1: Decide where to buy New Jersey Resources stock

You need an online brokerage account to access the NYSE market and buy NJR stock.

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Step 2: Create your brokerage account

Now that you've picked the right brokerage, you need to fill out some personal info so you are able to buy NJR stock today.

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Step 3: Fund your investment account

Now that you've finished signing up on the highest rated stock app, you can securely and quickly fund your account:

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Step 4: Evaluate New Jersey Resources stock

After you have selected the best place to buy New Jersey Resources stock, it's important to analyze their stock before you buy, so you truly comprehend the risk and upside.

New Jersey Resources Metrics

NJR Price
$42.37
1w %
0.88%
1y %
-18.78%
5y %
-15.21%
P/E
17.29x
P/B
2.02x
P/S
2.43x
PEG
3.46x
Revenue
$1.71B
Earnings
$238.21M
Fore. Rev. Growth
4.15%
Fore. Earn. Growth
5.56%
Market Cap
$4.17B
Next Earnings
May 2, 2024
Next Dividend
Apr 1, 2024

NJR Fundamentals

WallStreetZen was built to help average investors perform more in-depth fundamental analysis quickly.

You can see all of the due diligence checks on NJR's stock page.

Is NJR stock undervalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge NJR's intrinsic value.

Using relative valuations ratios:

  • NJR could be overvalued based on its P/E ratio of 17.29x, relative to Utilities - Regulated Gas industry P/E ratio of 14.94x
  • NJR could be overvalued based on its P/B ratio of 2.02x, relative to Utilities - Regulated Gas industry P/B ratio of 1.76x
  • NJR could be overvalued based on its PEG ratio of 3.46x

You can access additional valuation analysis on NJR's stock here.

Is NJR a healthy company?

Positive Health Checks:

  • NJR profit margin has gone up from 9.5% to 14% in the past year.

Negative Health Checks:

  • Total NJR debt is higher than 5 years ago, relative to shareholder equity.
  • NJR earnings of $402.44M is not enough to cover its interest payments.
  • NJR has a relatively high debt to equity ratio of 2.27.
  • There are more short-term liabilities than short-term assets on the NJR balance sheet.
  • There are more long-term liabilities than short-term assets on the NJR balance sheet.
  • NJR's operating cash flow of $614.36M allows it to safely service it's debt of $3.38B.

Is NJR stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 1 sell side analysts who give forecasts on NJR, the consensus analyst rating on New Jersey Resources is a Hold

It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.

You can dig deeper into what analysts are saying on the New Jersey Resources stock forecast page.

NJR Technical Indicators

SMA10
41.84
SMA20
42.16
SMA50
41.75
SMA100
42.58
SMA200
43.18
MACD
0
MACD Signal
0.02
MACD Histogram
-0.01
RSI
53.46
Stochastic %K
37.91
Stochastic %D
35.89
StochRSI %K
35.22
StochRSI %D
32.96

NJR Earnings

Last year, NJR earnings were $238.21M. During the last five year, NJR's earnings have grown by 1.99% per year. This was slower than the Utilities - Regulated Gas industry average of 22.51%.

Last year, NJR revenue was $1.71B. In the past 5 year, NJR's revenue has increased by -10.8% per year. This was slower than the Utilities - Regulated Gas industry average of 11.58%.

Dig into NJR's earnings and revenue performance here.

Latest Insiders Trades at NJR

In the past year, insiders at NJR have bought more shares than they have sold.

Patrick J. Migliaccio, Senior VP and COO NJNG of NJR, was the latest NJR insider to sell. They sold $128,130.00 worth of NJR shares on Mar 12, 2024.

Get more info about who owns NJR stock here.

Does NJR provide a stable income stream?

New Jersey Resources pays a dividend of 3.89%, compared to the Utilities - Regulated Gas industry's average dividend yield of 3.76%. If you owned $1,000 worth of NJR stock, you would have received $38.94 in the past 12 months.

New Jersey Resources dividend payments have consistently grown over the past decade and have remained stable.

Get more data about New Jersey Resources dividend yield and history here.

What do other investors have to say about NJR?

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Step 5: Place your NJR purchase

You have two main options:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price, place a limit order.

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Step 6: Keep tabs on your investment in NJR

Now that you own some shares in NJR, you'll want to stay up-to-date on your company.

Create a watchlist to get notified of the latest news about your NJR stock.

NJR Feed

How to Buy Stock in New Jersey Resources

To summarize, here are the 6 steps to buy stock in New Jersey Resources:

  1. Decide where to buy New Jersey Resources stock
  2. Create your brokerage account
  3. Fund your investment account
  4. Evaluate New Jersey Resources stock
  5. Place your NJR purchase
  6. Keep tabs on your investment in NJR

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If you would like to keep tabs on your investment in New Jersey Resources, create your watchlist below.

NYSE: NJR
$42.37+0.78 (+1.88%)
Updated Mar 27, 2024
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NYSE: NJR
$42.37+0.78 (+1.88%)
Updated Mar 27, 2024
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FAQ

How much does it cost to buy one New Jersey Resources share?

As of Mar 27, 2024, it costs $42.37 to buy one share of New Jersey Resources stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.236 shares of NJR.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy New Jersey Resources stock?

According to 1 Wall Street analysts who monitor New Jersey Resources, their consensus recommendation is to hold New Jersey Resources stock.

What is the best way to buy New Jersey Resources stock?

One way to place an order for New Jersey Resources stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.