Progressive Corp. [PGR] stock is trading at $252.27, down -0.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The PGR shares have lost -0.04% over the last week, with a monthly amount drifted -0.65%, and not 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 September 05, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $367. Previously, Goldman upgraded its rating to Buy on August 15, 2024, and elevated its price target to $262. On August 12, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $253 on the stock. Keefe Bruyette upgraded its rating to a Outperform and increased its price target to $245 on July 17, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $227 on March 06, 2024. TD Cowen started tracking with a Market Perform rating for this stock on January 10, 2024, and assigned it a price target of $174. In a note dated December 28, 2023, HSBC Securities initiated an Hold rating and provided a target price of $164 on this stock.
Progressive Corp. [PGR] stock has fluctuated between $137.89 and $260.46 over the past year. Currently, Wall Street analysts expect the stock to reach $222.25 within the next 12 months. Progressive Corp. [NYSE: PGR] shares were valued at $252.27 at the most recent close of the market. An investor can expect a potential drop of -11.9% based on the average PGR price forecast.
Analyzing the PGR fundamentals
Progressive Corp. [NYSE:PGR] reported sales of 67.80B for the trailing twelve months, which represents a growth of 18.11%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.3.
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 250.02 points at the first support level, and at 247.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 254.72, and for the 2nd resistance point, it is at 257.17.
Ratios To Look Out For
For context, Progressive Corp.’s Current Ratio 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 Van Dyke Kahina, Director, that happened on Sep 27 ’24 when 2180.0 shares were sold. Director, Van Dyke Kahina completed a deal on Sep 27 ’24 to buy 2180.0 shares. Meanwhile, Chief Information Officer Broz Steven sold 2982.0 shares on Sep 23 ’24.
