With 0.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.68 million shares. The 52-week range on NJR shows that it touched its highest point at $51.94 and its lowest point at $41.58 during that stretch. It currently has a 1-year price target of $55.29. With its current market cap of 4.64 billion, NJR has annualized dividend of $1.77 while the current yield stands at 3.83%. Beta for the stock currently stands at 0.64.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NJR was down-trending over the past week, with a drop of -3.63%, but this was down by -5.13% over a month. Three-month performance dropped to -0.39% while six-month performance fell -2.78%. The stock gained 4.81% in the past year, while it has lost -0.88% so far this year. A look at the trailing 12-month EPS for NJR yields 4.13 with Next year EPS estimates of 3.12. For the next quarter, that number is -0.05. This implies an EPS growth rate of 7.00% for this year and -1.18% for next year. EPS is expected to grow by 4.95% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.06%.
Float and Shares Shorts:
At present, 100.30 million NJR shares are outstanding with a float of 99.83 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NJR since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.9598 being high and $2.92156 being low. For NJR, this leads to a yearly average estimate of $2.9315.
