Evaluating Progressive: Insights from 14 Financial Analysts – Progressive (NYSE:PGR)

14 analysts shared their opinions on Progressive polymerase chain reaction Over the past three months, both bullish and bearish views have been expressed.

In the table below, you’ll find a summary of their most recent ratings, revealing how sentiment has changed over the past 30 days, and comparing them to previous months.

Analyst estimates of 12-month price targets provide additional insight, with the average target at $293.86, with the highest estimate at $335.00 and the lowest estimate at $237.00. The current average price is 4.35% higher than the previous average price target of $281.62.

Decoding Analyst Ratings: Learn More

A comprehensive review of how financial experts view progress emerges from recent analyst action. Here’s a detailed summary of the leading analysts, their most recent assessments, and ratings and price target changes.

Key insights:

• Action taken: Analysts frequently update their recommendations based on changing market conditions and company performance. Whether they “maintain,” “raise,” or “lower” their stance reflects their reaction to the latest developments related to progress. This information provides a snapshot of how analysts view a company’s current situation.
• grade: By analyzing trends, analysts provide qualitative assessments ranging from “outperform” to “underperform.” These ratings convey expectations for Progressive’s relative performance compared to the broader market.
• Price target: Digging deeper into its trends, analysts have estimated the future value of Progressive stock. This analysis reveals how analyst expectations have changed over time.

Understanding these analyst reviews, along with key financial metrics, can provide valuable insights into Progressive’s market position. Stay informed and make thoughtful decisions with our ratings tables.

Stay up to date with Progress analyst ratings.

A deeper dive into Progressive’s background

Progressive underwrites private and commercial auto insurance as well as specialty insurance; with nearly 20 million active personal auto policies, the company is one of the largest auto insurance companies in the United States. Progressive markets its policies through independent insurance agencies in the United States and Canada, as well as directly online and over the phone. Its premiums are split roughly equally between agents and direct channels. The company also offers commercial auto policies and entered home insurance through a 2015 acquisition.

Progressive: Delving deeper into finance

Market value analysis: The company’s market capitalization is higher than the industry average, indicating that its scale is relatively large relative to its peers. This may indicate greater investor confidence and market acceptance.

Revenue growth: Progressive achieved positive results within 3 months. As of September 30, 2024, the company has achieved approximately 26.74%. This shows significant revenue growth for the company. Compared with its peers, the company’s growth rate is higher than the average level of the financial industry and its performance is outstanding.

net income: Progressive’s net profit margin is impressive and exceeds the industry average. Net profit is 11.84%, The company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Progressive’s ROE exceeds industry benchmarks, reaching 9.24%. This means sound financial management and efficient use of shareholder equity capital.

Return on assets (ROA): Progressive’s ROA exceeds industry standards, underscoring the company’s superior financial performance. has an impressive 2.3% ROA, a company uses its assets efficiently to get the best return.

Debt Management: Progressive’s debt-to-equity ratio is lower than the industry average. The ratio is 0.25The company is less reliant on debt financing and maintains a healthier balance between debt and equity, which deserves a positive view from investors.

The Basics of Analyst Ratings

Ratings come from analysts or experts within the banking and financial system who report on specific stocks or specific industries (usually once per stock on a quarterly basis). Analysts often obtain information from company conference calls, financial statements, and conversations with key insiders to make decisions.

Some analysts also provide forecasts on useful metrics such as earnings, revenue, and growth estimates to provide further guidance on what to do with certain stocks. It is important to remember that while stock and industry analysts are experts, they are human and can only predict their beliefs to traders.

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This article was generated by Benzinga’s automated content engine and reviewed by an editor.