The Progressive Corporation (PGR)
NYSE: PGR · Real-Time Price · USD
239.97
+0.26 (0.11%)
Dec 20, 2024, 4:00 PM EST - Market closed
PGR Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for PGR stock have an average target of 272.47, with a low estimate of 218 and a high estimate of 335. The average target predicts an increase of 13.54% from the current stock price of 239.97.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PGR stock from 15 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 5 | 5 | 4 | 4 | 4 |
| Buy | 6 | 7 | 7 | 7 | 7 | 7 |
| Hold | 6 | 4 | 4 | 5 | 5 | 4 |
| Sell | 2 | 2 | 2 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 18 | 18 | 17 | 17 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Buy Maintains $273 → $267 | Buy | Maintains | $273 → $267 | +11.26% | Dec 16, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $299 → $302 | Buy | Maintains | $299 → $302 | +25.85% | Dec 16, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $310 | Buy | Maintains | $310 | +29.18% | Dec 13, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $331 → $335 | Strong Buy | Maintains | $331 → $335 | +39.60% | Nov 18, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $197 → $237 | Hold | Maintains | $197 → $237 | -1.24% | Nov 8, 2024 |
Financial Forecast
Revenue This Year
75.36B
Revenue Next Year
88.19B
from 75.36B
Increased by 17.03%
EPS This Year
13.52
from 6.58
Increased by 105.52%
EPS Next Year
14.06
from 13.52
Increased by 3.95%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 79.3B | 97.2B | 107.8B |
| Avg | 75.4B | 88.2B | 97.9B |
| Low | 72.6B | 78.8B | 84.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 29.0% | 22.2% |
| Avg | - | 17.0% | 11.1% |
| Low | - | 4.6% | -4.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.44 | 15.89 | 17.25 | ||
| Avg | 13.52 | 14.06 | 14.64 | ||
| Low | 12.30 | 12.25 | 12.74 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 119.4% | 17.5% | 22.7% | ||
| Avg | 105.5% | 4.0% | 4.1% | ||
| Low | 86.9% | -9.4% | -9.4% |
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.