A share price of Progressive Corp [PGR] is currently trading at $279.40, up 0.67%. 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 lost -0.63% over the last week, with a monthly amount glided 8.48%, 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.
Progressive Corp experienced fluctuations in its stock price throughout the past year between $194.12 and $287.49. Currently, Wall Street analysts expect the stock to reach $290 within the next 12 months. Progressive Corp [NYSE: PGR] shares were valued at $279.40 at the most recent close of the market. An investor can expect a potential return of 3.79% based on the average PGR price forecast.
Analyzing the PGR fundamentals
Trailing Twelve Months sales for Progressive Corp [NYSE:PGR] were 75.34B which represents 20.04% growth. Gross Profit Margin for this corporation currently stands at 0.73% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
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 276.60 points at the first support level, and at 273.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 281.68, and for the 2nd resistance point, it is at 283.96.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Progressive Corp [NYSE:PGR] is 0.68. Considering the valuation of this stock, the price to sales ratio is 2.17, the price to book ratio is 6.40 and price to earnings (TTM) ratio is 19.37.
Transactions by insiders
Recent insider trading involved Callahan Patrick K, Personal Lines President, that happened on Mar 06 ’25 when 4669.0 shares were sold. Chief Investment Officer, Bauer Jonathan S. completed a deal on Mar 06 ’25 to sell 1227.0 shares. Meanwhile, Officer Bauer Jonathan S. bought 1227.0 shares on Mar 06 ’25.
