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 most optimistic price target was 34, implying a possible profit of 6.22 percent. The most pessimistic analyst gave a price target of 30, implying potential capital losses 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.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 2.5 percent. The average change in earnings estimates over the last 90 days is 1.22 percent. Meanwhile, fiscal year estimates have been revised upwards by 6.06 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 5.74 percent.

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. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

In the last 52-weeks, PRGS has achieved a high of 32.53 and a low of 25.55. 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 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 market cap of PRGS is $1.56 billion. PRGS's next earnings release will be on 0000-00-00, which is days away.