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.

Investment analysts gave a few price targets for PGR. The most optimistic analyst gave a price target of 55, which equates to a potential upside of 16.48 percent. The most pessimistic analyst gave a price target of 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.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 3 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 7.36 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.46 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 6.83 percent in FY estimates.

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, which can be compared to the 2 analysts that decreased their estimates. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's 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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. 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.

PGR has a 52-week high of 47.28 and a 52-week low of 30.54. Today's price is 54.62 percent above the 52-week low, and 0.13 percent lower than its 52-week high. 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 stock has a market capitalization of $26.89 billion. PGR will post this quarters earnings in days, on 0000-00-00.