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Is this Large Market Cap Stock target price reasonable for New Jersey Resources Corp. (NYSE:NJR)?

The company in question is, New Jersey Resources Corp. (NYSE:NJR) currently with a stock price of 32.65 (1.33% today). The market cap for New Jersey Resources Corp. is 2769.63, and is in the sector Utilities, and Gas Utilities industry. The target price for New Jersey Resources Corp. is 36.25. Currently New Jersey Resources Corp. is trading with a P/E of 25.19, and a forward P/E of 18.37. Average volume for New Jersey Resources Corp. is 419.17 and so far today it is 242519.

Performance in the last year for New Jersey Resources Corp. has been 10.08%. For EPS growth, New Jersey Resources Corp. has seen a growth of 25.50%, and is looking to grow in the next year to 9.01%. More long term stats show that EPS growth has been 8.30% over the last five years and could be 6.50% for the next five years. New Jersey Resources Corp. has seen sales growth quarter over quarter at -14.20%, with EPS growth quarter over quarter at -131.40%. The 20-day simple moving average is -2.65%, with the 200-day simple moving average coming to -6.10%.

Since the IPO date for New Jersey Resources Corp. on the 12/30/1987, New Jersey Resources Corp. has seen performance year to date to be -0.17%. With New Jersey Resources Corp. trading at 32.65, the dividend yield is 3.17%, and the EPS is 1.28.

So could New Jersey Resources Corp., be undervalued? Well as said before P/E is 25.19. The PEG is 3.88, P/S is 1.5 and the P/B is at 2.37. The P/cash is 29.22, with P/free cash flow at *TBA.

New Jersey Resources Corp. ability to deal with debt shows that the current ratio is 1, and the quick ratio is 0.7. This is with long term debt/equity at 0.83, and total debt/equity at 1.05.

In terms of margins, New Jersey Resources Corp. has a gross margin of 26.80%, an operating margin of 10.00% and a profit margin of 8.40%.Payout ratio for New Jersey Resources Corp. is 53.20%. Return on assets come to 4.50% with return on investment coming to 9.30%.

Insider ownership for New Jersey Resources Corp., is at 0.60% and institutional ownership comes to 62.10%. Outstanding shares are at 85.96. While shares float is 85.21. The float short is currently 3.22%, and short ratio is 6.54.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Mark Hines

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