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.

Several price targets were given for PRGS by the analysts covering the stock. The most optimistic 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. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 2.5 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.

People are often interested in whether analysts were united in the direction of their revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

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