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NJR · NYSE · STOCK

New Jersey Resources (NJR) Stock Analysis

Utilities Updated September 05, 2026
$53.39
52W $43.46 – $60.86
54/100
$5.42B
14.8
0.53
AI Committee Verdict
Watch
54/100
Conviction: Contested · 50% agreement · 6 analysts
+4.0%
-2.3%
1.74:1
Contested

Is NJR Bullish or Bearish?

Mixed. Innellis AI committee rates New Jersey Resources (NJR) Watch with a composite score of 54/100 , based on 6 analysts with 50% agreement. Last updated September 05, 2026.

What Would Change This View

Upgrade to Buy
Requires a committee score of 60.0 — +6.18 from today. Applies on the first day at or above the line; upgrades are never dampened.
Downgrade to Reduce
Requires the score to fall below 40.0 — -13.82 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.

Executive Summary

The committee is genuinely divided. Macro Analyst sees a compelling case. Risk Analyst remains cautious — high leverage (debt-to-equity 1.51) amplifies downside in a stress scenario. This disagreement is itself the signal — the setup is not clean in either direction.

Bull & Bear Case

Bull Case
  • P/E of 14.9 is inexpensive for the broad market — Value
  • Dividend yield of 3.9% pays you to wait — Value
  • 3 consecutive earnings beats -- consistent execution — Growth
  • MACD histogram positive -- bullish momentum — Technical
  • Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement — Technical
Bear Case
  • Debt-to-equity of 1.51 adds balance-sheet risk to the value case — Value
  • EPS declining -11.7% YoY despite any revenue growth — Growth
  • Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
  • High leverage (debt-to-equity 1.51) amplifies downside in a stress scenario — Risk
  • Current ratio of 0.73 is tight -- limited short-term liquidity cushion — Risk
Both cases are generated from quantitative data signals, not qualitative or forward-looking judgement. They summarise what the numbers say today.
Price History (6M)

AI Investment Committee

Committee Consensus As of September 05, 2026
Overall Committee Score
54/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 46%
of 56 Utilities peers
Value Analyst neutral
57 / 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ P/E of 14.9 is inexpensive for the broad market
− Debt-to-equity of 1.51 adds balance-sheet risk to the value case
Growth Analyst neutral
50 / 100 · High confidence
Moderate growth -- present but not remarkable
+ 3 consecutive earnings beats -- consistent execution
− EPS declining -11.7% YoY despite any revenue growth
Technical Analyst bullish
61 / 100 · High confidence
Price action is constructive -- trend and momentum agree
+ MACD histogram positive -- bullish momentum
Risk Analyst bearish
32 / 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 1.51) amplifies downside in a stress scenario
Macro Analyst bullish
65 / 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst neutral
58 / 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager neutral
45 / 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 3059.07)
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Investment Thesis Evolution

Committee score moved marginally from 53.8 to 53.8.

Comparing 2026-09-04 to 2026-09-05 (1 day apart).

Technical Analysis

RSI (14)
40.6
Neutral
MACD Histogram
0.009
Bullish Momentum
Trend Direction
Sideways
Weekly: Sideways
Market Structure
Hh Hl
Support
$52.43
Resistance
$55.83
Bollinger %B
0.27
Inside Bands
Price vs Moving Averages
EMA 9
$53.91 Below
EMA 21
$54.65 Below
EMA 50
$55.58 Below
EMA 200
$53.72 Below

Fundamental Analysis

Valuation
97
Growth
64
Profitability
54
Financial Health
26
Cash Flow
70
Valuation
P/E Ratio 14.8×
P/B Ratio 2.05×
PEG Ratio -1.25
Dividend Yield 3.54%
52W High $60.86
52W Low $43.46
Quality & Growth
ROE 1403.3%
ROA 442.8%
Gross Margin 2826.6%
Operating Margin 2461.6%
Revenue Growth YoY
Debt / Equity 1.47
AI Fundamental Assessment
P/E ratio of 14.8 (inexpensive relative to a 15-40x range); Price-to-book of 2.1x; PEG ratio of -1.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 14.0%; Return on assets of 4.4%; Net margin of 16.4%; Gross margin of 28.3%; Current ratio of 0.66 (tight short-term liquidity); Debt-to-equity of 1.47; Free cash flow per share is positive (0.75); Most recent quarter beat estimates by 64.9%; 3 consecutive earnings beats; EPS growth decelerating (+88.0% -> -95.0% QoQ); Average YoY EPS growth of 83.3%; Analyst estimates falling over recent quarters
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