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.
PRGS was given price targets by several analysts. The highest price target was 34, implying a possible profit of 6.22 percent. The lowest price target was 30, which equates to a potential downside of -6.28 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 2.5 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 1.22 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 6.06 percent, as compared to a month ago. 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. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
PRGS has traded between a high of 32.53 and a low of 25.55 over the past year. The current market price is above the trailing year's low by 25.28 percent, and 1.6 percent below the high. 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 will post this quarters earnings in days, on 0000-00-00.