At the time of writing, Progressive Corp [PGR] stock is trading at $247.53, down -1.09%. 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 0.11% over the last week, with a monthly amount drifted -3.23%, 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 December 10, 2024, when HSBC Securities downgraded its rating to a Hold but kept the price target unchanged to $267 for it. Previously, Barclays started tracking the stock with Equal Weight rating on September 05, 2024, and set its price target to $367. On August 15, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $262 on the stock. HSBC Securities upgraded its rating to a Buy but stick to its price target of $253 on August 12, 2024. Keefe Bruyette upgraded its rating to a Outperform and raised its price target to $245 on July 17, 2024. Morgan Stanley upgraded its rating to Overweight for this stock on March 06, 2024, and upped its price target to $227. In a note dated January 10, 2024, TD Cowen initiated an Market Perform rating and provided a target price of $174 on this stock.
For the past year, the stock price of Progressive Corp fluctuated between $153.70 and $270.62. Currently, Wall Street analysts expect the stock to reach $276.33 within the next 12 months. Progressive Corp [NYSE: PGR] shares were valued at $247.53 at the most recent close of the market. An investor can expect a potential return of 11.63% based on the average PGR price forecast.
Analyzing the PGR fundamentals
According to Progressive Corp [NYSE:PGR], the company’s sales were 71.96B for trailing twelve months, which represents an 26.74% jump. Gross Profit Margin for this corporation currently stands at 1.37% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.35 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.25.
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 245.61 points at the first support level, and at 243.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 249.23, and for the 2nd resistance point, it is at 250.93.
Ratios To Look Out For
It is important to note that Progressive Corp [NYSE:PGR] has a current ratio of 0.73. Considering the valuation of this stock, the price to sales ratio is 2.02, the price to book ratio is 5.34 and price to earnings (TTM) ratio is 17.98.
Transactions by insiders
Recent insider trading involved Sauerland John P, VP and Chief Financial Officer, that happened on Nov 29 ’24 when 10000.0 shares were sold. Officer, Sauerland John P completed a deal on Nov 29 ’24 to buy 10000.0 shares. Meanwhile, Chief Information Officer Broz Steven sold 2981.0 shares on Oct 21 ’24.
