14 analysts have shared their evaluations of Progressive PGR through the current three months, expressing a mixture of bullish and bearish views.
Within the desk beneath, you may discover a abstract of their current rankings, revealing the shifting sentiments over the previous 30 days and evaluating them to the earlier months.
Bullish | Considerably Bullish | Detached | Considerably Bearish | Bearish | |
---|---|---|---|---|---|
Complete Scores | 4 | 8 | 2 | 0 | 0 |
Final 30D | 0 | 1 | 0 | 0 | 0 |
1M In the past | 0 | 3 | 0 | 0 | 0 |
2M In the past | 1 | 1 | 1 | 0 | 0 |
3M In the past | 3 | 3 | 1 | 0 | 0 |
Analysts’ evaluations of 12-month worth targets supply further insights, showcasing a median goal of $293.86, with a excessive estimate of $335.00 and a low estimate of $237.00. Observing a 4.35% improve, the present common has risen from the earlier common worth goal of $281.62.
Decoding Analyst Scores: A Detailed Look
A complete examination of how monetary consultants understand Progressive is derived from current analyst actions. The next is an in depth abstract of key analysts, their current evaluations, and changes to rankings and worth targets.
Analyst | Analyst Agency | Motion Taken | Ranking | Present Value Goal | Prior Value Goal |
---|---|---|---|---|---|
C. Gregory Peters | Raymond James | Pronounces | Outperform | $305.00 | – |
Michael Zaremski | BMO Capital | Lowers | Outperform | $267.00 | $273.00 |
Elyse Greenspan | Wells Fargo | Raises | Obese | $302.00 | $299.00 |
Bob Huang | Morgan Stanley | Maintains | Obese | $310.00 | $310.00 |
Joshua Shanker | B of A Securities | Raises | Purchase | $335.00 | $331.00 |
Andrew Kligerman | TD Cowen | Raises | Maintain | $237.00 | $197.00 |
David Motemaden | Evercore ISI Group | Raises | Outperform | $285.00 | $277.00 |
Alex Scott | Barclays | Raises | Equal-Weight | $277.00 | $267.00 |
Bob Huang | Morgan Stanley | Raises | Obese | $310.00 | $300.00 |
Meyer Shields | Keefe, Bruyette & Woods | Raises | Outperform | $290.00 | $280.00 |
Joshua Shanker | B of A Securities | Raises | Purchase | $331.00 | $319.00 |
Jimmy Bhullar | JP Morgan | Raises | Obese | $251.00 | $242.00 |
Joshua Shanker | B of A Securities | Raises | Purchase | $319.00 | $309.00 |
Yaron Kinar | Jefferies | Raises | Purchase | $295.00 | $257.00 |
Key Insights:
- Motion Taken: Analysts steadily replace their suggestions based mostly on evolving market situations and firm efficiency. Whether or not they ‘Preserve’, ‘Increase’ or ‘Decrease’ their stance, it displays their response to current developments associated to Progressive. This data gives a snapshot of how analysts understand the present state of the corporate.
- Ranking: Analyzing developments, analysts supply qualitative evaluations, starting from ‘Outperform’ to ‘Underperform’. These rankings convey expectations for the relative efficiency of Progressive in comparison with the broader market.
- Value Targets: Delving into actions, analysts present estimates for the longer term worth of Progressive’s inventory. This evaluation reveals shifts in analysts’ expectations over time.
Understanding these analyst evaluations alongside key monetary indicators can supply invaluable insights into Progressive’s market standing. Keep knowledgeable and make well-considered selections with our Scores Desk.
Keep updated on Progressive analyst rankings.
Delving into Progressive’s Background
Progressive underwrites personal and industrial auto insurance coverage and specialty strains; it has virtually 20 million private auto insurance policies in drive and is without doubt one of the largest auto insurers in america. Progressive markets its insurance policies via impartial insurance coverage companies within the US and Canada and immediately by way of the web and phone. Its premiums are cut up roughly equally between the agent and the direct channel. The corporate additionally provides industrial auto insurance policies and entered householders insurance coverage via an acquisition in 2015.
Progressive: Delving into Financials
Market Capitalization Evaluation: The corporate’s market capitalization is above the business common, indicating that it’s comparatively bigger in measurement in comparison with friends. This may occasionally counsel a better stage of investor confidence and market recognition.
Income Progress: Progressive displayed constructive leads to 3 months. As of 30 September, 2024, the corporate achieved a stable income development price of roughly 26.74%. This means a notable improve within the firm’s top-line earnings. Compared to its business friends, the corporate stands out with a development price larger than the typical amongst friends within the Financials sector.
Internet Margin: Progressive’s web margin is spectacular, surpassing business averages. With a web margin of 11.84%, the corporate demonstrates robust profitability and efficient value administration.
Return on Fairness (ROE): Progressive’s ROE excels past business benchmarks, reaching 9.24%. This signifies strong monetary administration and environment friendly use of shareholder fairness capital.
Return on Property (ROA): Progressive’s ROA surpasses business requirements, highlighting the corporate’s distinctive monetary efficiency. With a powerful 2.3% ROA, the corporate successfully makes use of its belongings for optimum returns.
Debt Administration: Progressive’s debt-to-equity ratio is beneath the business common. With a ratio of 0.25, the corporate depends much less on debt financing, sustaining a more healthy steadiness between debt and fairness, which could be seen positively by traders.
The Fundamentals of Analyst Scores
Scores come from analysts, or specialists inside banking and monetary methods that report for particular shares or outlined sectors (sometimes as soon as per quarter for every inventory). Analysts normally derive their data from firm convention calls and conferences, monetary statements, and conversations with essential insiders to succeed in their selections.
Some analysts additionally supply predictions for useful metrics corresponding to earnings, income, and development estimates to supply additional steering as to what to do with sure tickers. It is very important needless to say whereas inventory and sector analysts are specialists, they’re additionally human and may solely forecast their beliefs to merchants.
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