Progressive Corp. [PGR] stock is trading at $214.69, up 2.36%. 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 5.29% over the last week, with a monthly amount glided 4.36%, 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.
Progressive Corp. [PGR] stock has fluctuated between $110.92 and $212.24 over the past year. Currently, Wall Street analysts expect the stock to reach $183.85 within the next 12 months. Progressive Corp. [NYSE: PGR] shares were valued at $214.69 at the most recent close of the market. An investor can expect a potential drop of -14.36% based on the average PGR price forecast.
Analyzing the PGR fundamentals
Progressive Corp. [NYSE:PGR] reported sales of 65.02B for the trailing twelve months, which represents a growth of 20.56%. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.3 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
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 211.76 points at the first support level, and at 208.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 216.40, and for the 2nd resistance point, it is at 218.11.
Ratios To Look Out For
For context, Progressive Corp.’s Current Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 1.93, the price to book ratio is 6.35 and price to earnings (TTM) ratio is 21.98.
Transactions by insiders
Recent insider trading involved Johnson Devin C, Director, that happened on Apr 17 ’24 when 1000.0 shares were sold. Commercial Lines President, Bailo Karen completed a deal on Mar 05 ’24 to sell 8464.0 shares. Meanwhile, Personal Lines President Callahan Patrick K sold 29675.0 shares on Feb 21 ’24.
