A share price of Progressive Corp. [PGR] is currently trading at $222.99, up 0.57%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PGR shares have gain 5.73% over the last week, with a monthly amount glided 4.54%, 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 August 12, 2024, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $253 for it. Previously, Keefe Bruyette upgraded its rating to Outperform on July 17, 2024, and elevated its price target to $245. On March 06, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $227 on the stock. TD Cowen started tracking the stock assigning a Market Perform rating and suggested a price target of $174 on January 10, 2024. HSBC Securities initiated its recommendation with a Hold and recommended $164 as its price target on December 28, 2023. Wells Fargo upgraded its rating to Overweight for this stock on December 18, 2023, and upped its price target to $176. In a note dated December 12, 2023, Raymond James downgraded an Mkt Perform rating on this stock.
Progressive Corp. experienced fluctuations in its stock price throughout the past year between $123.51 and $229.00. Currently, Wall Street analysts expect the stock to reach $186 within the next 12 months. Progressive Corp. [NYSE: PGR] shares were valued at $222.99 at the most recent close of the market. An investor can expect a potential drop of -16.59% based on the average PGR price forecast.
Analyzing the PGR fundamentals
Trailing Twelve Months sales for Progressive Corp. [NYSE:PGR] were 67.80B which represents 18.11% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.33 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
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 221.08 points at the first support level, and at 219.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 225.32, and for the 2nd resistance point, it is at 227.66.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Progressive Corp. [NYSE:PGR] is 0.74. Considering the valuation of this stock, the price to sales ratio is 1.93, the price to book ratio is 5.60 and price to earnings (TTM) ratio is 19.08.
Transactions by insiders
Recent insider trading involved Griffith Susan Patricia, President and CEO, that happened on Jul 22 ’24 when 43371.0 shares were sold. VP and Chief Financial Officer, Sauerland John P completed a deal on Jul 22 ’24 to sell 22708.0 shares. Meanwhile, CRM President Niederst Lori A sold 9507.0 shares on Jul 22 ’24.
