At the time of writing, Progressive Corp [PGR] stock is trading at $257.57, up 3.16%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PGR shares have gain 3.86% over the last week, with a monthly amount glided 9.32%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Progressive Corp [NYSE: PGR] stock has seen the most recent analyst activity on December 26, 2024, when Raymond James upgraded its rating to a Outperform but kept the price target unchanged to $305 for it. Previously, HSBC Securities downgraded its rating to Hold on December 10, 2024, and kept the price target unchanged to $267. On September 05, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $367 on the stock. Goldman upgraded its rating to a Buy and increased its price target to $262 on August 15, 2024. HSBC Securities upgraded its rating to a Buy but $253 remained the price target by the analyst firm on August 12, 2024. Keefe Bruyette upgraded its rating to Outperform for this stock on July 17, 2024, and upped its price target to $245. In a note dated March 06, 2024, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $185 to $227.
For the past year, the stock price of Progressive Corp fluctuated between $177.38 and $265.62. Currently, Wall Street analysts expect the stock to reach $278.09 within the next 12 months. Progressive Corp [NYSE: PGR] shares were valued at $257.57 at the most recent close of the market. An investor can expect a potential return of 7.97% based on the average PGR price forecast.
Analyzing the PGR fundamentals
According to Progressive Corp [NYSE:PGR], the company’s sales were 75.34B for trailing twelve months, which represents an 20.04% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.35 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.25.
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 251.20 points at the first support level, and at 244.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 261.34, and for the 2nd resistance point, it is at 265.10.
Ratios To Look Out For
It is important to note that Progressive Corp [NYSE:PGR] has a current ratio of 0.44. Considering the valuation of this stock, the price to sales ratio is 2.00, the price to book ratio is 5.56 and price to earnings (TTM) ratio is 18.71.
Transactions by insiders
Recent insider trading involved Niederst Lori A, CRM President, that happened on Jan 30 ’25 when 3855.0 shares were sold. Director, KELLY JEFFREY D completed a deal on Jan 29 ’25 to sell 10000.0 shares. Meanwhile, VP and Chief Financial Officer Sauerland John P sold 10000.0 shares on Jan 28 ’25.
