A share price of Progressive Corp. [PGR] is currently trading at $252.20, up 0.88%. 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 4.54% over the last week, with a monthly amount glided 17.15%, 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 15, 2024, when Goldman upgraded its rating to a Buy and also boosted its price target to $262 from $230. Previously, HSBC Securities upgraded its rating to Buy on August 12, 2024, and kept the price target unchanged to $253. On July 17, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $245 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $227 on March 06, 2024. TD Cowen initiated its recommendation with a Market Perform and recommended $174 as its price target on January 10, 2024. HSBC Securities started tracking with a Hold rating for this stock on December 28, 2023, and assigned it a price target of $164. In a note dated December 18, 2023, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $144 to $176.
Progressive Corp. experienced fluctuations in its stock price throughout the past year between $131.29 and $250.23. Currently, Wall Street analysts expect the stock to reach $199.13 within the next 12 months. Progressive Corp. [NYSE: PGR] shares were valued at $252.20 at the most recent close of the market. An investor can expect a potential drop of -21.04% 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 249.22 points at the first support level, and at 246.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 254.77, and for the 2nd resistance point, it is at 257.33.
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 2.18, the price to book ratio is 6.33 and price to earnings (TTM) ratio is 21.58.
Transactions by insiders
Recent insider trading involved Broz Steven, Chief Information Officer, that happened on Aug 19 ’24 when 6122.0 shares were sold. Personal Lines President, Callahan Patrick K completed a deal on Aug 16 ’24 to sell 7697.0 shares. Meanwhile, Officer Broz Steven bought 6122.0 shares on Aug 19 ’24.
