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 most optimistic price target was 55, implying a possible profit of 16.48 percent. The most pessimistic price target was 38, implying potential capital losses of -19.53 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 6.83 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 5 analysts revised their FY earnings estimates upwards, 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. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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 below the 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 will post this quarters earnings in days, on 0000-00-00.