Progressive Corp Stock Target Price and Analyst Consensus

PGR Stock  USD 206.82  0.67  0.33%   
The current analyst and expert consensus on Progressive Corp is Buy with 6 buy recommendations. The current projected Progressive Corp target price consensus is 155.87, with 22 analyst opinions. The most common way Progressive Corp analysts use to provide public buy-or-sell recommendation is financial statements analysis. They also talk to Progressive Corp executives, vendors, and/or customers. Progressive Corp buy-or-sell recommendation module provides average expert sentiment on the projected Progressive Corp target price to derive its highest and lowest estimates based on target price estimated volatility of 0.0. Check out Macroaxis Advice on Progressive Corp to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.
Lowest Forecast
141.84
Highest Forecast
173.02
Target Price
155.87
At this time, Progressive Corp's Gross Profit is relatively stable compared to the past year. As of 03/29/2024, Pretax Profit Margin is likely to grow to 0.13, while Gross Profit Margin is likely to drop 0.80. At this time, Progressive Corp's Non Current Liabilities Total is relatively stable compared to the past year. As of 03/29/2024, Other Stockholder Equity is likely to grow to about 2.1 B, while Non Currrent Assets Other are likely to drop (9.2 B).
  
It's important to approach Progressive Corp's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Progressive Corp Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Progressive target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Progressive Corp's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   22  Buy
Most Progressive analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Progressive stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Progressive Corp, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Progressive Corp Target Price Projection

Progressive Corp's current and average target prices are 206.82 and 155.87, respectively. The current price of Progressive Corp is the price at which Progressive Corp is currently trading. On the other hand, Progressive Corp's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Progressive Corp Market Quote on 29th of March 2024

Low Price206.39Odds
High Price208.19Odds

206.82

Target Price

Analyst Consensus On Progressive Corp Target Price

Low Estimate141.84Odds
High Estimate173.02Odds

155.87

Historical Lowest Forecast  141.84 Target Price  155.87 Highest Forecast  173.02
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Progressive Corp and the information provided on this page.

Progressive Corp Analyst Ratings

Progressive Corp's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Progressive Corp stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Progressive Corp's financials, market performance, and future outlook by experienced professionals. Progressive Corp's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Progressive Corp price targets

Progressive Corp's stock target price is an estimate of its future price, usually made by analysts. Using Progressive Corp's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Progressive Corp's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Progressive Corp's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Progressive Corp Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Progressive Corp is a key component of Progressive Corp valuation and have some predictive power on the future returns of a Progressive Corp.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Progressive Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
186.14209.16210.19
Details
Intrinsic
Valuation
LowRealHigh
178.25179.28227.50
Details
Naive
Forecast
LowNextHigh
204.67205.71206.74
Details
Earnings
Estimates (0)
LowProjected EPSHigh
2.213.103.39
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Progressive Corp. Your research has to be compared to or analyzed against Progressive Corp's peers to derive any actionable benefits. When done correctly, Progressive Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Progressive Corp.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Cleaning Idea
Cleaning
Invested over 100 shares
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Business Services
Invested few shares
Macroaxis Index Idea
Macroaxis Index
Invested over 200 shares
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Invested over 40 shares
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When determining whether Progressive Corp is a strong investment it is important to analyze Progressive Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Progressive Corp's future performance. For an informed investment choice regarding Progressive Stock, refer to the following important reports:
Check out Macroaxis Advice on Progressive Corp to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.
Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
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The data published in Progressive Corp's official financial statements usually reflect Progressive Corp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Progressive Corp. For example, before you start analyzing numbers published by Progressive accountants, it's critical to develop an understanding of what Progressive Corp's liquidity, profitability, and earnings quality are in the context of the Insurance space in which it operates.
Please note, the presentation of Progressive Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Progressive Corp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Progressive Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Progressive Corp. Please utilize our Beneish M Score to check the likelihood of Progressive Corp's management manipulating its earnings.