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NJR · NASDAQ · STOCK

New Jersey Resources

Utilities Updated August 08, 2026
$55.01
52W $43.46 – $60.86
50/100
$5.55B
15.1
0.52
AI Committee Verdict
Watch
50/100
Conviction: Contested · 50% agreement · 6 analysts
+1.5%
-2.4%
0.61:1
Contested

Is NJR Bullish or Bearish?

Mixed. Innellis AI committee rates New Jersey Resources (NJR) Watch with a composite score of 50/100 , based on 6 analysts with 50% agreement. Last updated August 08, 2026.

What Would Change This View

Upgrade to Buy
Requires a committee score of 60.0 — +10.28 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 — -9.72 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 — market regime is bullish (bull market -- normal position sizing). 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
  • Dividend yield of 3.5% pays you to wait — Value
  • 3 consecutive earnings beats -- consistent execution — Growth
  • Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
  • Debt-to-equity of 1.51 adds balance-sheet risk to the value case — Value
  • EPS declining -18.4% YoY despite any revenue growth — Growth
  • Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
  • RSI at 27 is in oversold territory (could mean either capitulation or a bounce setup) — Technical
  • MACD histogram negative -- bearish momentum — Technical
  • Price trading below the lower Bollinger Band -- stretched to the downside — Technical
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 August 08, 2026
Overall Committee Score
50/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 80%
of 45 Utilities peers
Value Analyst neutral
50 / 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ Dividend yield of 3.5% pays you to wait
− 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 -18.4% YoY despite any revenue growth
Technical Analyst bearish
38 / 100 · High confidence
Price action is deteriorating -- trend and/or momentum are working against this name
− RSI at 27 is in oversold territory (could mean either capitulation or a bounce setup)
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
70 / 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst neutral
58 / 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager neutral
55 / 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 4 existing position pair(s) are highly correlated already
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Investment Thesis Evolution

Committee score weakened from 55.8 to 49.7.

Analyst-level changes:
  • Growth Analyst: score 58->50 (-8); +1 bearish signal(s).
  • Risk Analyst joined: bearish at 32.
  • Technical Analyst: +1 bearish signal(s).
  • Value Analyst joined: neutral at 50.

Comparing 2026-08-07 to 2026-08-08 (1 day apart).

Technical Analysis

RSI (14)
27.0
Oversold
MACD Histogram
-0.612
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$53.67
Resistance
$55.83
Bollinger %B
-0.01
Below Lower Band
Price vs Moving Averages
EMA 9
$56.73 Below
EMA 21
$57.45 Below
EMA 50
$57.10 Below
EMA 200
$53.59 Above

Fundamental Analysis

Valuation
97
Growth
64
Profitability
54
Financial Health
26
Cash Flow
70
Valuation
P/E Ratio 15.1×
P/B Ratio 2.10×
PEG Ratio -1.28
Dividend Yield 3.45%
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 15.1 (inexpensive relative to a 15-40x range); Price-to-book of 2.1x; PEG ratio of -1.3 (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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Explore NJR Further

📈 Rating History 💰 Earnings 📰 Recent Events 🔄 What Changed 📖 Thesis Evolution 🔍 Similar Stocks
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