The Progressive Corporation (PGR)
NYSE: PGR · IEX Real-Time Price · USD
219.35
-5.18 (-2.31%)
At close: Jul 19, 2024, 4:00 PM
220.30
+0.95 (0.43%)
Pre-market: Jul 22, 2024, 5:10 AM EDT
PGR Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for PGR stock have an average target of 221.25, with a low estimate of 112 and a high estimate of 296. The average target predicts an increase of 0.87% from the current stock price of 219.35.
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 5 | 6 | 5 | 5 | 5 | 6 |
| Hold | 8 | 7 | 7 | 7 | 7 | 6 |
| Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 17 | 17 | 17 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $293 → $296 | Strong Buy | Maintains | $293 → $296 | +34.94% | Jul 18, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $235 → $239 | Buy | Maintains | $235 → $239 | +8.96% | Jul 18, 2024 |
| Citigroup | Citigroup | Hold Maintains $232 → $225 | Hold | Maintains | $232 → $225 | +2.58% | Jul 17, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $256 → $257 | Strong Buy | Maintains | $256 → $257 | +17.16% | Jul 17, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $235 | Strong Buy | Maintains | $235 | +7.13% | Jul 17, 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.