NWN trades 2.9% below Wall Street's consensus target of $53.25.
Last 12 months price action with 12-month analyst target path
The base valuation assumes NWN achieves its forward estimates and maintains a stable P/E multiple of 16.8x. This scenario reflects the blended consensus of 8 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, Northwest Natural Holding Company (NWN) has a Wall Street consensus price target of $53.25, based on estimates from 8 covering analysts. With the stock currently trading at $51.75, this represents a potential upside of +2.9%. The company has a market capitalization of $2.18B.
Analyst price targets range from a low of $49.00 to a high of $59.00, representing a 19% spread in expectations. The median target of $52.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 2 analysts rating the stock as a Buy or Strong Buy,6 rating it Hold, and 0 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, NWN trades at a trailing P/E of 17.3x and forward P/E of 16.8x. The forward PEG ratio of 4.65 reflects a premium valuation. Analysts expect EPS to grow +3.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $54.58, with bear and bull scenarios of $34.39 and $71.92 respectively. Model confidence stands at 49/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SRSpire Inc. | $5.3B | $88.81 | $92.57 | +4.2% | Hold | 22.1x | 15 |
 NFGNational Fuel Gas Company | $7.0B | $73.43 | $88.50 | +20.5% | Buy | 10.1x | 18 |
 SWXSouthwest Gas Holdings, Inc. | $6.6B | $91.33 | $101.80 | +11.5% | Buy | 21.4x | 14 |
 NJRNew Jersey Resources Corporation | $5.5B | $54.34 | $63.25 | +16.4% | Buy | 15.2x | 16 |
 ATOAtmos Energy Corporation | $28.9B | $173.22 | $181.71 | +4.9% | Hold | 20.5x | 23 |
 CMSCMS Energy Corporation | $21.7B | $69.18 | $76.82 | +11.0% | Buy | 17.8x | 30 |
 NINiSource Inc | $21.2B | $44.15 | $49.79 | +12.8% | Buy | 21.5x | 22 |
 KMIKinder Morgan, Inc. | $66.7B | $29.96 | $37.67 | +25.7% | Buy | 19.0x | 34 |
 WMBThe Williams Companies, Inc. | $78.4B | $64.08 | $87.25 | +36.2% | Buy | 26.0x | 34 |
 OKEONEOK, Inc. | $53.7B | $85.19 | $100.67 | +18.2% | Hold | 13.9x | 40 |
Quick answers to the most common questions about buying NWN stock.
The consensus price target for NWN is $53.25, close to the current price of $51.75 (2.9% implied move). Based on 8 analyst estimates, the stock appears fairly valued near current levels.
NWN has a consensus rating of "Hold" based on 8 Wall Street analysts. The rating breakdown is mixed, with 6 Hold ratings making up the largest segment. The consensus 12-month price target of $53.25 implies 2.9% upside from current levels.
With a forward P/E of 16.7785x, NWN trades at a relatively low valuation. The consensus target of $53.25 implies 2.9% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $59 for NWN, while the most conservative target is $49. The consensus of $53.25 represents the median expectation. Our quantitative valuation model projects a bull case target of $72 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
NWN is moderately covered, with 8 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 2 have Buy ratings, 6 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month NWN stock forecast based on 8 Wall Street analysts shows a consensus price target of $53.25, with estimates ranging from $49 (bear case) to $59 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $55, with bear/bull scenarios of $34/$72.
Our quantitative valuation model calculates NWN's fair value at $55 (base case), with a bear case of $34 and bull case of $72. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 49/100.
NWN trades at a forward P/E ratio of 16.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 17.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
NWN appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $53.25 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
NWN analyst price targets range from $49 to $59, a 19% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $53.25 consensus represents the middle ground. Our model's $34-$72 range provides an independent fundamental perspective.
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