<div id="readability-page-1"><div><p>New Jersey Resources (NJR) has drawn attention after recent share price movement, with a month gain of 7% compared to a generally steady sector. Investors are now re-examining how current market conditions might influence the company's outlook.</p> <p>See our latest analysis for New Jersey Resources.</p> <p>Momentum has been picking up for New Jersey Resources, with a 1-month share price return of 6.7% contrasting the modest pace from earlier this year. While the stock gave back a bit of ground this week, it remains up for the year, and its five-year total shareholder return of nearly 69% stands out. This underscores the value seen by long-term holders even amid short-term swings.</p> <p>If recent gains have you keeping an eye out for other market movers, now's the perfect time to broaden your search and discover fast growing stocks with high insider ownership</p> <p>With New Jersey Resources now trading roughly 14% below the analyst price target despite recent momentum, it raises a key question for investors: is there a buying opportunity here, or has the market already taken future growth into account?</p> <h2>Most Popular Narrative: 11.8% Undervalued</h2> <p>With a fair value set at $53.57, about 12% above the latest closing price, this popular narrative signals that New Jersey Resources could have further room to grow even after recent gains. The narrative ties its thesis to critical company initiatives and the broader energy sector backdrop, setting the tone for a pivotal strategic outlook.</p> <blockquote> <p><em>Ongoing modernization and expansion initiatives in storage and transportation (such as potential Leaf River expansion and Adelphia rate case resolution) provide rate base and organic growth opportunities that enhance stable, fee-based cash flows and improve long-term earnings visibility.</em></p> </blockquote> <p>Read the complete narrative.</p> <p>Curious what assumptions lie behind that target price? The most-watched narrative hinges on ambitious earnings projections, revenue forecasts, and a future profit multiple at odds with current market sentiment. Ready to uncover which levers analysts believe could propel value higher despite modest growth?</p> <p><strong>Result: Fair Value of $53.57 (UNDERVALUED)</strong></p> <p>Have a read of the narrative in full and understand what's behind the forecasts.</p> <p>However, ongoing policy changes or unexpected market shifts in natural gas demand could challenge New Jersey Resources' growth outlook and put pressure on long-term margins.</p> <p>Find out about the key risks to this New Jersey Resources narrative.</p> <h2>Another Perspective: Value Through Multiples</h2> <p>Taking a step back from earnings forecasts, the current price-to-earnings ratio for New Jersey Resources sits at 14.2x, which is comfortably below both the peer average (19.2x) and the industry average (14.2x). The fair ratio estimate stands even higher at 19.4x, suggesting that the market is discounting NJR relative to similar companies.</p> <p>This notable gap between actual and fair ratios points to a valuation opportunity but also invites questions about why the market is hesitant. Are expectations anchored in recent performance, or is there something the multiple is missing?</p> <p>See what the numbers say about this price — find out in our valuation breakdown.</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/fbdfb431-5301-4bc3-a154-89a98b7481f1/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/fbdfb431-5301-4bc3-a154-89a98b7481f1/chart/pe-multiple-vs-industry"/><figcaption>NYSE:NJR PE Ratio as at Dec 2025</figcaption></figure><p>Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out New Jersey Resources for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 927 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.</p> <h2> Build Your Own New Jersey Resources Narrative</h2> <p>If you see things differently or would rather dig into the data on your own terms, you can easily assemble your own view in just minutes, then Do it your way.</p> <p>A great starting point for your New Jersey Resources research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.</p> <h2>Looking for more investment ideas?</h2> <p>Don't miss out on the advantage of using the Simply Wall Street Screener to uncover powerful opportunities across the market. Take action now and expand your watchlist with these trends:</p> <ul> <li>Capture strong yields and reliable income streams by reviewing these 14 dividend stocks with yields &gt; 3% with payouts above 3% for steady growth potential.</li> <li>Spot undervalued gems primed for a comeback by investigating these 927 undervalued stocks based on cash flows that signal attractive entry points based on their cash flow strength.</li> <li>Accelerate your portfolio’s innovation focus by checking out these 25 AI penny stocks shaping tomorrow’s industries with cutting-edge artificial intelligence.</li> </ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p></div></div>

<p>New Jersey Resources (NJR) has seen a 7% share price increase over the past month, prompting investors to reassess its market outlook. Despite recent gains, NJR trades 14% below the analyst price target of $53.57, suggesting potential undervaluation. The company's modernization and expansion initiatives in storage and transportation are expected to drive long-term growth. However, policy changes and market shifts in natural gas demand could impact its growth outlook. NJR's current price-to-earnings ratio is below industry averages, indicating a valuation opportunity.</p>

Evaluating New Jersey Resources (NJR): Is There Value Opportunity After Its Recent Share Price Momentum?