Progressive Corp [NYSE: PGR] stock went on a downward path that fall over -0.69% on Wednesday, amounting to a one-week price decrease of less than -0.27%.
Over the last 12 months, PGR stock rose by 34.99%. The one-year Progressive Corp stock forecast points to a potential upside of 8.07. The average equity rating for PGR stock is currently 1.96, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $159.77 billion, with 586.00 million shares outstanding and 584.57 million shares in the current float. Compared to the average trading volume of 2.80M shares, PGR stock reached a trading volume of 2773574 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Progressive Corp [PGR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PGR shares is $296.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PGR stock is a recommendation set at 1.96. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Progressive Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 26, 2024. The new note on the price target was released on December 10, 2024, representing the official price target for Progressive Corp stock. Previously, the target price had yet another raise to $367, while Barclays analysts kept a Equal Weight rating on PGR stock. On August 15, 2024, analysts increased their price target for PGR shares from 230 to 262.
The Average True Range (ATR) for Progressive Corp is set at 6.40, with the Price to Sales ratio for PGR stock in the period of the last 12 months amounting to 2.12. The Price to Book ratio for the last quarter was 6.24. Price to Free Cash Flow for PGR in the course of the last twelve months was 10.77.
PGR Stock Performance Analysis:
Progressive Corp [PGR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.27. With this latest performance, PGR shares dropped by -2.15% in over the last four-week period, additionally plugging by 7.79% over the last 6 months – not to mention a rise of 34.99% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PGR stock in for the last two-week period is set at 48.82, with the RSI for the last a single of trading hit 42.76, and the three-weeks RSI is set at 52.12 for Progressive Corp [PGR]. The present Moving Average for the last 50 days of trading for this stock 263.54, while it was recorded at 273.69 for the last single week of trading, and 244.87 for the last 200 days.
Insight into Progressive Corp Fundamentals:
Progressive Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.68.
PGR Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PGR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Progressive Corp go to 6.51%.
Progressive Corp [PGR] Institutonal Ownership Details
There are presently around $87.70%, or 87.94%% of PGR stock, in the hands of institutional investors. The top three institutional holders of PGR stocks are: VANGUARD GROUP INC with ownership of 52.22 million shares, which is approximately 8.9201%. BLACKROCK INC., holding 48.46 million shares of the stock with an approximate value of $$10.07 billion in PGR stocks shares; and BLACKROCK INC., currently with $$5.06 billion in PGR stock with ownership which is approximately 4.1627%.
