Analyst Ratings for Progress Software Corp. (PRGS)

Updated: 2017-07-27

An average rating of Overweight has been given to Progress Software Corp. (NASDAQ:PRGS) by analysts covering the stock. A consensus rating of Overweight was previously issued for PRGS last month.

1 analysts declared PRGS a buy, 0 gave an overweight rating, 3 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Many analysts weighed in on price targets for PRGS. The most optimistic price target was 34, implying potential capital gains of 6.22 percent. The most pessimistic analyst gave a price target of 30, which equates to a potential downside of -6.28 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 2.5 percent. That number becomes 1.22 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 6.06 percent. If we look at the last 90 days instead, we find a net average change of 5.74 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 1 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

In the trailing 52-weeks, PRGS hit 32.53 at the highest peak, while it's lowest trading point was 25.55. The current market price is above the trailing year's low by 25.28 percent, and below the high by 1.6 percent. PRGS has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The PRGS value stock report compares PRGS to some of its peers using value stock charts. The stock has a market capitalization of $1.56 billion. PRGS's next earnings release will be on 0000-00-00, which is days away.