Progressive Corp. (PGR) Stock Forecast & Predictions

Progressive Corp. PGR: $90.85

6300 Wilson Mills Rd, Mayfield Village, Ohio, US. | Sector: Finance and Insurance | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.progressive.com

  • Market Cap$53.58B
  • Change (52 Weeks)3.81%
  • Low (52 Weeks)$82.21
  • Progressive Corp. (PGR) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 18.75% are on Buy, 31.25% on Sell, and 50.00% Neutral.

    According to the market data, Progressive Corp. (PGR) stock price is $90.85 and the 52 weeks low is $82.21, which means the Progressive Corp. stock price is up 3.81% in the last 12 months.

    Progressive Corp. (PGR) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 18.75% are indicating that PGR Stock price might rise further, 31.25% indicating that PGR Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall PGR stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Progressive Corp. (PGR) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Progressive Corp. (PGR) is based on 21 Institutional Analyst Ratings where 28.57% are on Strong Buy, 14.29% on Moderate Buy, 38.10% remains on Hold, 4.76% are on Moderate Sell and 14.29% are on Strong Sell.

    Out of 21 Institutional Analysts, majority recommended PGR stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Progressive Corp..

    Progressive Corp. (PGR) Stock Price Prediction By Analysts


    HighLowAverage
    $132.30$82.82$99.02
    $99.029% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for PGR set by the institutional analysts is $99.02 where High Estimate is $132.30, Median $95.37 and Low $82.82.

    The average price target for PGR by Institutional Analysts is $99.02, which is 9% Upside from the current price. So according to the Institutional Analysts, PGR Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Progressive Corp. (PGR) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Wolfe ResearchUnderperformInitiated
    Evercore ISI GroupIn-LineMaintained
    Raymond JamesOutperformMaintained
    BarclaysUnderweightMaintained
    CitigroupNeutralMaintained
    Morgan StanleyUnderweightDowngraded
    Raymond JamesOutperformDowngraded
    Edward JonesBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Goldman SachsSellDowngraded
    Wells FargoUnderweightDowngraded
    CitigroupNeutralDowngraded
    Keefe, Bruyette & WoodsMarket PerformUpgraded
    Morgan StanleyEqual-WeightMaintained
    BarclaysUnderweightInitiated
    Raymond JamesStrong BuyMaintained
    Morgan StanleyEqual-WeightDowngraded
    Keefe, Bruyette & WoodsUnderperformDowngraded
    Raymond JamesStrong BuyMaintained
    Deutsche BankBuyMaintained
    Morgan StanleyOverweightMaintained
    Morgan StanleyOverweightMaintained
    Raymond JamesStrong BuyMaintained
    Piper SandlerNeutralDowngraded
    Morgan StanleyOverweightMaintained
    Deutsche BankBuyMaintained
    Deutsche BankBuyMaintained
    Piper SandlerOverweightMaintained
    Raymond JamesStrong BuyUpgraded
    Wells FargoEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankBuyMaintained
    Piper SandlerOverweightMaintained
    B. Riley FBRNeutralDowngraded
    B. RileyNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankBuyMaintained
    Deutsche BankBuyUpgraded
    Morgan StanleyEqual-WeightDowngraded
    BuckinghamNeutralMaintained
    Goldman SachsNeutralDowngraded
    Credit SuisseOutperformMaintained
    Evercore ISI GroupIn-LineInitiated
    BuckinghamNeutralMaintained
    UBSBuyMaintained
    Raymond JamesStrong BuyMaintained
    BarclaysOverweightMaintained
    B. RileyBuyMaintained
    UBSBuyMaintained
    Credit SuisseOutperformMaintained
    BarclaysOverweightMaintained
    Credit SuisseOutperformMaintained
    CitigroupNeutralMaintained
    BarclaysOverweightUpgraded
    B. Riley FBRBuyUpgraded
    BuckinghamNeutralUpgraded
    BarclaysUnderweightMaintained
    Morgan StanleyOverweightUpgraded
    Raymond JamesStrong BuyMaintained
    CitigroupNeutralMaintained
    B. Riley FBRNeutralMaintained
    CitigroupNeutralMaintained
    CitigroupNeutralMaintained
    Credit SuisseOutperformInitiated
    B. Riley FBRNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    B. Riley FBRNeutralMaintained
    CitigroupNeutralMaintained
    Deutsche BankHoldMaintained
    Keefe Bruyette & WoodsMarket PerformDowngraded
    BuckinghamUnderperformMaintained
    Morgan StanleyEqual-WeightMaintained
    UBSBuyMaintained
    MKM PartnersBuyMaintained
    Goldman SachsBuyInitiated
    Morgan StanleyEqual-WeightMaintained
    CitigroupNeutralMaintained
    BarclaysUnderweightMaintained
    Credit SuisseNeutralUpgraded
    UBSBuyMaintained
    Credit SuisseUnderperformMaintained
    CitigroupNeutralMaintained
    BarclaysUnderweightMaintained
    Raymond JamesStrong BuyUpgraded
    CitigroupNeutralMaintained
    BarclaysUnderweightMaintained
    Deutsche BankHoldUpgraded
    Keefe Bruyette & WoodsOutperformUpgraded
    Sandler O'NeillBuyUpgraded
    Bank of AmericaBuyUpgraded
    Goldman SachsNeutralUpgraded
    Morgan StanleyEqual-WeightUpgraded
    CitigroupNeutralUpgraded
    Keefe Bruyette & WoodsMarket PerformUpgraded
    CitigroupSellDowngraded
    CitigroupNeutralMaintained
    Goldman SachsSellMaintained
    Credit SuisseUnderperformMaintained
    BernsteinMarket PerformDowngraded
    Deutsche BankSellMaintained
    CitigroupNeutralDowngraded
    Goldman SachsSellDowngraded
    Credit SuisseUnderperformDowngraded
    Keefe Bruyette & WoodsUnderperformMaintained
    Sterne Agee CRTNeutralInitiated
    JMP SecuritiesMarket OutperformInitiated
    Deutsche BankSellDowngraded
    CitigroupBuyMaintained
    Raymond JamesOutperformUpgraded
    Deutsche BankHoldMaintained
    UBSBuyUpgraded
    Keefe Bruyette & WoodsUnderperformMaintained
    Credit SuisseNeutralInitiated
    Goldman SachsNeutralDowngraded
    CitigroupBuyMaintained
    Keefe Bruyette & WoodsUnderperformMaintained
    Janney CapitalBuyUpgraded
    Keefe Bruyette & WoodsMarket PerformMaintained
    Keefe Bruyette & WoodsMarket PerformMaintained
    JP MorganNeutralInitiated
    CitigroupBuyMaintained
    Goldman SachsBuyUpgraded
    Keefe Bruyette & WoodsMarket PerformMaintained
    CitigroupBuyUpgraded
    Keefe Bruyette & WoodsMarket PerformUpgraded
    Evercore PartnersEqual-weightUpgraded
    Deutsche BankHoldUpgraded
    CitigroupHoldMaintained
    CitigroupNeutralMaintained
    William BlairOutperformUpgraded
    CitigroupNeutralInitiated
    NomuraReduceMaintained
    Goldman SachsNeutralUpgraded
    Raymond JamesMarket PerformDowngraded
    BarclaysUnderweightDowngraded
    NomuraReduceInitiated
    Goldman SachsSellMaintained
    Evercore PartnersUnderweightDowngraded
    Keefe Bruyette & WoodsUnderperformDowngraded
    RBC CapitalSector PerformDowngraded
    Bank of AmericaNeutralMaintained
    BarclaysEqual-WeightDowngraded
    MacquarieUnderperformDowngraded
    Deutsche BankSellMaintained
    CitigroupSellDowngraded
    Keefe Bruyette & WoodsMarket PerformMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    Bank of AmericaNeutralMaintained
    Credit SuisseNeutralDowngraded
    Bank of AmericaNeutralMaintained
    Bank of AmericaNeutralMaintained
    Deutsche BankSellDowngraded
    UBSNeutralMaintained
    Bank of AmericaNeutralMaintained
    UBSNeutralMaintained
    Morgan StanleyUnderweightDowngraded
    CitigroupNeutralDowngraded
    Credit SuisseOutperformUpgraded
    Evercore PartnersEqual-WeightMaintained

    Progressive Corp. (PGR) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.066
    The average consensus EPS for PGR is $1.066 with a high estimate of $1.449 and Low of $0.568 for the period 2021-12-31 and based on 13 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.72$1.09173932021-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.61843310000000012021-09-30
    $0.72$1.09173932021-06-30
    $1.72$1.74095722021-03-31
    $1.83$1.69141670000000022020-12-31
    $1.89$1.73993712020-09-30
    $1.84$1.75270352020-06-30
    $1.91$1.53513942020-03-31
    $1.18$1.17016582019-12-31
    $1.33$1.31838332019-09-30
    $1.42$1.44800672019-06-30
    $1.33$1.38134672019-03-31
    $1.24$1.02350372018-12-31
    $1.33$1.12577632018-09-30
    $1.15$1.12217062018-06-30
    $1.29$1.19819332018-03-31
    $0.82$0.77770000000000012017-12-31
    $0.41$0.344692799999999972017-09-30
    $0.59$0.60148532017-06-30
    $0.67$0.69903112017-03-31
    $0.63$0.511062016-12-31
    $0.36$0.334895799999999972016-09-30
    $0.29$0.33600682016-06-30
    $0.42$0.50785832016-03-31
    $0.53$0.470791299999999972015-12-31
    $0.49$0.484628299999999962015-09-30
    $0.53$0.55425772015-06-30
    $0.46$0.43507772015-03-31
    $0.6$0.45266182014-12-31
    $0.46$0.445844299999999972014-09-30
    $0.45$0.483456699999999962014-06-30
    $0.41$0.395152399999999962014-03-31
    $0.41$0.42888642013-12-31
    $0.36$0.363074800000000032013-09-30
    $0.39$0.41435252013-06-30
    $0.42$0.4492482013-03-31
    $0.34$0.34202642012-12-31
    $0.27$0.26370092012-09-30
    $0.2$0.26787222012-06-30
    $0.34$0.39553622012-03-31
    $0.39$0.354893800000000042011-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).