The Progressive Corp-The (PGR) share price is expected to increase by 6.18% over the next year. This is based on calculating the average 12-month share price estimate provided by 19 stock analysts who have covered PGR. Price targets range from $162 at the low end to $331 at the high end. The current analyst consensus for PGR is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 19 Wall Street analysts have assignedPGR 9 buy ratings, 8 hold ratings, and 2 sell ratings. This means that analysts expect Progressive Corp-The to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on PGR. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of PGR.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Andrew Kligerman TD Cowen | Hold | $237 | Maintains | Nov 8, 2024 |
David Motemaden Evercore ISI Group | Outperform | $285 | Maintains | Nov 6, 2024 |
Alex Scott Barclays | Equal-Weight | $277 | Maintains | Oct 23, 2024 |
Bob Huang Morgan Stanley | Overweight | $310 | Maintains | Oct 18, 2024 |
Joshua Shanker B of A Securities | Buy | $331 | Maintains | Oct 16, 2024 |
Meyer Shields Keefe, Bruyette & Woods | Outperform | $290 | Maintains | Oct 16, 2024 |
Jimmy Bhullar JP Morgan | Overweight | $251 | Maintains | Oct 10, 2024 |
Joshua Shanker B of A Securities | Buy | $319 | Maintains | Oct 10, 2024 |
Yaron Kinar Jefferies | Buy | $295 | Maintains | Oct 9, 2024 |
Alex Scott Goldman Sachs | Buy | $280 | Maintains | Sep 18, 2024 |
Bob Huang Morgan Stanley | Overweight | $300 | Maintains | Sep 16, 2024 |
Harry Fong Roth MKM | Buy | $290 | Maintains | Sep 16, 2024 |
Elyse Greenspan Wells Fargo | Overweight | $282 | Maintains | Sep 10, 2024 |
Alex Scott Barclays | Equal-Weight | $367 | Initiates | Sep 4, 2024 |
Meyer Shields Keefe, Bruyette & Woods | Outperform | $275 | Maintains | Sep 3, 2024 |
Joshua Shanker B of A Securities | Buy | $312 | Maintains | Sep 3, 2024 |
Joshua Shanker B of A Securities | Buy | $294 | Maintains | Aug 15, 2024 |
Elyse Greenspan Wells Fargo | Overweight | $281 | Maintains | Aug 15, 2024 |
Alex Scott Goldman Sachs | Buy | $262 | Upgrade | Aug 15, 2024 |
Paul Newsome Piper Sandler | Overweight | $252 | Maintains | Aug 15, 2024 |
When did it IPO
1986
Staff Count
61,432
Country
United States
Sector/Industry
Financial Services/Insurance - Property & Casualty
CEO
Ms. Susan Patricia Griffith
Market Cap
$152.25B
In 2023, PGR generated $62.08B in revenue, which was a increase of 25.20% from the previous year. This can be seen as a signal that PGR's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
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Why It Matters - TILE, PGR, and VRT being ranked as Zacks Rank #1 (Strong Buy) indicates strong growth potential, signaling possible investment opportunities for higher returns.
Summary - A prominent financial figure has expressed a positive outlook on a company's prospects, which may influence investor sentiment.
Why It Matters - A prominent financial figure endorsing a company can boost investor confidence, potentially increasing stock prices and attracting more investment.
Summary - Progressive Corporation (NYSE:PGR) will hold its Q3 2024 earnings conference call on November 5, 2024, at 9:30 AM ET, featuring key company executives and analysts from major financial firms.
Why It Matters - The upcoming earnings call for Progressive Corporation is a key opportunity for investors to gauge the company's financial performance and strategic direction, influencing stock valuation and investment decisions.
Summary - Zacks.com users are closely monitoring Progressive (PGR), indicating potential investor interest. Analyzing the stock's prospects may be beneficial.
Why It Matters - Increased attention from Zacks.com users may indicate heightened interest or potential volatility in Progressive's stock, influencing trading strategies and investment decisions.
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Why It Matters - Election outcomes can lead to immediate market fluctuations, influencing sector performance based on anticipated policy changes, impacting investment strategies and portfolio valuations.
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Why It Matters - The excerpt highlights the potential for significant long-term gains from quality investments, signaling a positive outlook for stock performance and reinforcing confidence in value-driven strategies.