The Progressive Corporation (PGR)
NYSE: PGR · Real-Time Price · USD
266.06
+2.62 (0.99%)
At close: Nov 22, 2024, 4:00 PM
266.50
+0.44 (0.17%)
After-hours: Nov 22, 2024, 7:55 PM EST
PGR Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for PGR stock have an average target of 259.31, with a low estimate of 112 and a high estimate of 335. The average target predicts a decrease of -2.54% from the current stock price of 266.06.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PGR stock from 17 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 5 | 5 | 4 | 4 |
| Buy | 5 | 6 | 7 | 7 | 7 | 7 |
| Hold | 7 | 6 | 4 | 4 | 5 | 5 |
| Sell | 2 | 2 | 2 | 2 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 17 | 18 | 18 | 17 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $331 → $335 | Strong Buy | Maintains | $331 → $335 | +25.91% | Nov 18, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $197 → $237 | Hold | Maintains | $197 → $237 | -10.92% | Nov 8, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $277 → $285 | Buy | Maintains | $277 → $285 | +7.12% | Nov 6, 2024 |
| Barclays | Barclays | Hold Maintains $267 → $277 | Hold | Maintains | $267 → $277 | +4.11% | Oct 23, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $300 → $310 | Buy | Maintains | $300 → $310 | +16.52% | Oct 18, 2024 |
Financial Forecast
Revenue This Year
75.77B
Revenue Next Year
88.67B
from 75.77B
Increased by 17.02%
EPS This Year
13.26
from 6.58
Increased by 101.49%
EPS Next Year
13.94
from 13.26
Increased by 5.15%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 79.8B | 98.9B | 106.6B |
| Avg | 75.8B | 88.7B | 97.7B |
| Low | 72.0B | 78.8B | 84.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 30.6% | 20.2% |
| Avg | - | 17.0% | 10.2% |
| Low | - | 4.0% | -5.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.88 | 15.98 | 17.40 | ||
| Avg | 13.26 | 13.94 | 14.64 | ||
| Low | 12.25 | 12.25 | 12.74 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 126.1% | 20.5% | 24.8% | ||
| Avg | 101.5% | 5.2% | 5.0% | ||
| Low | 86.2% | -7.6% | -8.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.