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Newjersey Resources Corporation (NJR) [hlAlert]

Rating:
Buy NJR
down 12.59 %

Newjersey Resources Corporation (NJR) rated Buy with price target $38 by Argus

Posted on: Monday,  Jan 4, 2016  2:25 PM ET by Argus

Argus rated Buy Newjersey Resources Corporation (NYSE: NJR) on 01/04/2016, when the stock price was $32.48. Since
then, Newjersey Resources Corporation has lost 12.59% as of 01/04/2016's recent price of $28.39.
If you would have followed this Argus's recommendation on NJR, you would have lost 12.59% of your investment in 0 days.

NJ RESOURCES is an exempt energy svcs holding company providing retail & wholesale natural gas & related energy services to customers from the Gulf Coast to New England. Subsidiaries include: (1) N J Natural Gas Co, a natural gas distribution company that provides regulated energy & appliance services to residential, commercial & industrial customers in central & northern N J. (2) NJR Energy Holdings Corp formerly NJR Energy Svcs Corp & (3) NJR Development Corp, a sub-holding company of NJR, which includes the Company's remaining unregulated operating subsidiaries.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/4/2016 2:25 PM Buy
None
32.48 38.00
as of 8/27/2015
1 Week down  -3.27 %
1 Month down  -0.38 %
3 Months down  -3.10 %
1 YTD down  -3.10 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/16/2015 8:25 AM Buy
None
29.30 34.00
2/2/2011 8:25 AM Hold
None
20.64
2/6/2009 8:25 AM Buy
None
20.39 23.50

(*) Stock Price at the time of the recommendation.
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