New Jersey Resources Corporation (NYSE:NJR) shares traded unchanged at $41.86 on Wall Street last session.
NJR stock price is now -3.31% away from the 50-day moving average and -1.76% away from the 200-day moving average. The market capitalization of the company currently stands at $4.14B.
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With the price target enhanced from $44 to $46, JP Morgan Upgraded its rating from Underweight to Neutral for New Jersey Resources Corporation (NYSE: NJR). On September 09, 2022, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock reducing its target price from $47 to quote $46, while ‘Mizuho’ rates the stock as ‘Neutral’
In other news, KENNY JANE M, Director sold 8,300 shares of the company’s stock on Jun 14 ’24. The stock was sold for $350,260 at an average price of $42.20. Upon completion of the transaction, the Director now directly owns 23,259 shares in the company, valued at $0.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’24, Director KENNY JANE M sold 0 shares of the business’s stock. A total of $7 was realized by selling the stock at an average price of $42.44. This leaves the insider owning 31,559 shares of the company worth $1.32 million. A total of 0.50% of the company’s stock is owned by insiders.
During the past 12 months, New Jersey Resources Corporation has had a low of $38.92 and a high of $48.28. As of last week, the company has a debt-to-equity ratio of 1.48, a current ratio of 0.70, and a quick ratio of 0.56. The fifty day moving average price for NJR is $43.2698 and a two-hundred day moving average price translates $42.6065 for the stock.
The latest earnings results from New Jersey Resources Corporation (NYSE: NJR) was released for 2021-06-30. The net profit margin was 14.69% and return on equity was 11.90% for NJR. The company reported revenue of $657.91 million for the quarter, compared to $644.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.16 percent.
