Analyst Ratings for Progressive Corp. (PGR)

Updated: 2017-07-29

An average rating of Overweight has been given to Progressive Corp. (NYSE:PGR) by analysts covering the stock. PGR had previously received a consensus rating of Overweight a month ago.

9 analysts declared PGR a buy, 0 gave an overweight rating, 9 gave a hold rating, 0 gave an underweight rating, and 2 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 decrease of 1 in the number of analysts with a negative outlook on the stock.

PGR was given price targets by several analysts. The highest price target was 55, implying potential capital gains of 16.48 percent. The most pessimistic price target was 38, which equates to a potential downside of -19.53 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 3 percent. That number becomes 7.36 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 1.46 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 6.83 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 3 analysts increased their quarterly estimates, while 2 analysts made negative revisions. Also over the last month, 5 analysts increased their estimates for the FY earnings, compared to 4 analysts that revised their FY estimates downwards.

PGR has an estimated earnings growth rate of 5.53 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of PGR is 3.62.

In the trailing 52-weeks, PGR hit 47.28 at the highest peak, while it's lowest trading point was 30.54. The current market price is above the trailing year's low by 54.62 percent, and below the high by 0.13 percent. PGR has a P/E ratio of 20.03. Investors typically compare the P/E ratio to a company's peers in the industry. The PGR value stock report compares PGR to some of its peers using value stock charts. The market cap of PGR is $26.89 billion. PGR will post this quarters earnings in days, on 0000-00-00.