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 most optimistic analyst gave a price target of 55, which equates to a potential upside of 16.48 percent. The minimum price target given was 38, implying potential capital losses 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. The average change in earnings estimates over the last 90 days is 7.36 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.46 percent. If we look at the last 90 days instead, we find a net average change of 6.83 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, 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.

The growth rate of PGR's earnings is estimated by analysts to be 5.53 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers 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. The current market price is above the trailing year's low by 54.62 percent, 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 market cap of PGR is $26.89 billion. PGR's next earnings release will be on 0000-00-00, which is days away.