New Jersey Resources Corp
NJR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$59.00 | Nwgbnq | Wthlgvsj |
New Jersey Resources: More Confidence in Diversified Business Model; Raising Fair Value Estimate
We are raising our fair value estimate for New Jersey Resources, or NJR, to $45 per share from $43 after gaining more confidence in the company's medium-term growth during recent discussions with management. We reaffirm our narrow moat and stable moat trend ratings.