Progressive Corp. [PGR] stock prices are up 0.75% to $206.41 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PGR shares have gain 4.92% over the last week, with a monthly amount glided 9.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Progressive Corp. [NYSE: PGR] stock has seen the most recent analyst activity on March 06, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $227 from $185. Previously, TD Cowen started tracking the stock with Market Perform rating on January 10, 2024, and set its price target to $174. On December 28, 2023, HSBC Securities initiated with a Hold rating and assigned a price target of $164 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $176 on December 18, 2023. Raymond James downgraded its rating to a Mkt Perform. In a note dated November 01, 2023, Morgan Stanley upgraded an Equal-Weight rating on this stock and boosted its target price from $135 to $160.
The stock price of Progressive Corp. [PGR] has been fluctuating between $110.92 and $205.83 over the past year. Currently, Wall Street analysts expect the stock to reach $117 within the next 12 months. Progressive Corp. [NYSE: PGR] shares were valued at $206.41 at the most recent close of the market. An investor can expect a potential drop of -43.32% based on the average PGR price forecast.
Analyzing the PGR fundamentals
The Progressive Corp. [NYSE:PGR] reported sales of 62.08B for trailing twelve months, representing a surge of 25.41%. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.22 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.34.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 204.59 points at the first support level, and at 202.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 207.72, and for the 2nd resistance point, it is at 209.02.
Ratios To Look Out For
It’s worth pointing out that Progressive Corp. [NYSE:PGR]’s Current Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 6.11 and price to earnings (TTM) ratio is 31.37.
Transactions by insiders
Recent insider trading involved Bailo Karen, Commercial Lines President, that happened on Mar 05 ’24 when 8464.0 shares were sold. Personal Lines President, Callahan Patrick K completed a deal on Feb 21 ’24 to sell 29675.0 shares. Meanwhile, President and CEO Griffith Susan Patricia sold 5939.0 shares on Jan 17 ’24.
