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.
Investment analysts gave a few price targets for PRGS. The most optimistic analyst gave a price target of 34, implying a possible profit of 6.22 percent. The most pessimistic 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. 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.
People are often interested in whether analysts were united in the direction of their revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
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 1.6 percent lower than its 52-week high. PRGS has a price/earnings 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.