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.

Many analysts weighed in on price targets for PGR. The maximum price target given was 55, implying a possible profit of 16.48 percent. The lowest price target was 38, which equates to a potential downside of -19.53 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 3 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 7.36 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.46 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 6.83 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 3 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. Over the same time period, 5 analysts revised their FY earnings estimates upwards, while 4 analysts made negative revisions to their fiscal year's estimates.

The growth rate of PGR's earnings is estimated by analysts to be 5.53 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, 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. Currently the stock is 54.62 percent higher than its low, and 0.13 percent lower than its 52-week high. PGR has a price/earnings 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 stock has a market capitalization of $26.89 billion. PGR is estimated to release their earnings results for the quarter on 0000-00-00, days from today.