The Progressive Corporation (PGR)
NYSE: PGR · IEX Real-Time Price · USD
212.20
-1.82 (-0.85%)
At close: Apr 24, 2024, 4:00 PM
210.83
-1.37 (-0.65%)
After-hours: Apr 24, 2024, 6:17 PM EDT
PGR Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for PGR stock have an average target of 210.56, with a low estimate of 112 and a high estimate of 273. The average target predicts a decrease of -0.77% from the current stock price of 212.20.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 5 | 5 | 5 | 5 | 6 | 5 |
| Hold | 6 | 7 | 8 | 8 | 7 | 7 |
| Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 17 | 18 | 18 | 18 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Hold Maintains $216 → $218 | Hold | Maintains | $216 → $218 | +2.73% | Apr 17, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $279 → $273 | Strong Buy | Maintains | $279 → $273 | +28.65% | Apr 17, 2024 |
| Citigroup | Citigroup | Hold Maintains $202 → $225 | Hold | Maintains | $202 → $225 | +6.03% | Apr 15, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $247 → $256 | Buy | Maintains | $247 → $256 | +20.64% | Apr 15, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $241 → $245 | Strong Buy | Maintains | $241 → $245 | +15.46% | Apr 15, 2024 |
Financial Forecast
Revenue This Year
71.80B
from 62.11B
Increased by 15.60%
Revenue Next Year
80.70B
from 71.80B
Increased by 12.40%
EPS This Year
10.21
from 6.58
Increased by 55.10%
EPS Next Year
11.41
from 10.21
Increased by 11.84%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 77.7B | 90.7B | 96.4B |
| Avg | 71.8B | 80.7B | 89.6B |
| Low | 67.4B | 71.0B | 83.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 25.1% | 26.3% | 19.4% |
| Avg | 15.6% | 12.4% | 11.0% |
| Low | 8.5% | -1.1% | 3.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 12.81 | 15.28 | 13.28 | 11.99 |
| Avg | 10.21 | 11.41 | 12.10 | 11.53 |
| Low | 8.72 | 9.66 | 10.42 | 11.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 94.7% | 49.7% | 16.3% | -0.9% |
| Avg | 55.1% | 11.8% | 6.0% | -4.7% |
| Low | 32.6% | -5.3% | -8.7% | -7.5% |
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.