New Jersey Resources Corp
NJR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$67.00 | Llfnkk | Qnybxrq |
New Jersey Resources Earnings: Core Growth Trending Toward Top of Utilities Sector
We are reaffirming our $45 fair value estimate for New Jersey Resources after the firm reported earning $2.70 per share on an adjusted basis during fiscal year 2023, up 8% from fiscal year 2022. We reaffirm our narrow moat rating.