The Progressive Corporation (PGR)
NYSE: PGR · IEX Real-Time Price · USD
210.18
-0.09 (-0.04%)
At close: Jul 5, 2024, 4:00 PM
209.07
-1.11 (-0.53%)
After-hours: Jul 5, 2024, 7:35 PM EDT
PGR Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for PGR stock have an average target of 214.94, with a low estimate of 112 and a high estimate of 286. The average target predicts an increase of 2.26% from the current stock price of 210.18.
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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 5 | 5 | 6 | 5 | 5 | 5 |
| Hold | 8 | 8 | 7 | 7 | 7 | 7 |
| Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 18 | 17 | 17 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Maintains $235 | Strong Buy | Maintains | $235 | +11.81% | Jun 26, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $235 | Buy | Maintains | $235 | +11.81% | Jun 17, 2024 |
| Citigroup | Citigroup | Hold Maintains $230 → $232 | Hold | Maintains | $230 → $232 | +10.38% | Jun 17, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $243 → $254 | Buy | Maintains | $243 → $254 | +20.85% | Jun 17, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $256 → $255 | Buy | Maintains | $256 → $255 | +21.32% | Jun 10, 2024 |
Financial Forecast
Revenue This Year
73.39B
from 62.11B
Increased by 18.17%
Revenue Next Year
82.70B
from 73.39B
Increased by 12.68%
EPS This Year
11.54
from 6.58
Increased by 75.39%
EPS Next Year
12.16
from 11.54
Increased by 5.33%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 79.5B | 92.5B | 104.4B |
| Avg | 73.4B | 82.7B | 94.5B |
| Low | 69.0B | 71.7B | 88.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 28.0% | 26.1% | 26.3% |
| Avg | 18.2% | 12.7% | 14.3% |
| Low | 11.2% | -2.3% | 6.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.39 | 15.38 | 14.99 | 13.01 | 12.83 |
| Avg | 11.54 | 12.16 | 13.26 | 12.51 | 12.34 |
| Low | 10.05 | 10.14 | 11.38 | 12.14 | 11.98 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 103.5% | 33.3% | 23.3% | -1.9% | 2.5% |
| Avg | 75.4% | 5.3% | 9.1% | -5.6% | -1.4% |
| Low | 52.7% | -12.1% | -6.4% | -8.4% | -4.3% |
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.