New Jersey Resources Stock Discussion

The mix of a low ROE and high debt is unattractive. Investors should ponder on the company's performance if borrowing becomes difficult, as credit markets fluctuate. High quality firms usually have high ROE and low debt.

Despite lower revenue estimates for New Jersey Resources, analysts expect the business to outpace industry growth. The unchanged consensus price target suggests the new estimates haven't greatly affected the company's valuation.

Analysts' upgraded revenue forecasts indicate a bullish outlook on the company's prospects. They believe New Jersey Resources' growth rate will significantly outpace the industry's expected 5.0% annual growth.

The company's high P/E ratio and weak earnings outlook, coupled with slower than market growth, could potentially lead to a share price decline. Investors are warned about paying an unnecessary premium.

The trend of stable returns despite increased capital investment does not make a compelling case for NJR being a multi-bagger stock. Therefore, it may be advisable to explore other investment options.

Analysts anticipate a positive turnaround in New Jersey Resources Corporation's revenues, urging a reassessment of the company in light of this remarkable upgrade in forecast. They expect a 55% yearly growth until 2024, outpacing the industry.

[ What's new ]
· U.S. 5-year and 30-year Treasury yields on March 28 inverted for the first time since 2006.
· The U.S. 2-10-year yield curve briefly inverted for the first time since August 2019 on March 29, raising fears of a possible recession.
[ Why does it matter? ]
Historically, the two- and 10-year Treasury yield curves inverted before each recession since 1970, with a recession following after 17 months.
It's a sign that...

[ What's new ]
· U.S. 5-year and 30-year Treasury yields on March 28 inverted for the first time since 2006.
· The U.S. 2-10-year yield curve briefly inverted for the first time since August 2019 on March 29, raising fears of a possible recession.
[ Why does it matter? ]
Historically, the two- and 10-year Treasury yield curves inverted before each recession since 1970, with a recession following after 17 months.
It's a sign that...