Assessing Progressive: Insights From 14 Monetary Analysts – Progressive (NYSE:PGR)

14 analysts have shared their evaluations of Progressive PGR in the course of the latest three months, expressing a mixture of bullish and bearish views.

Within the desk beneath, you may discover a abstract of their latest scores, revealing the shifting sentiments over the previous 30 days and evaluating them to the earlier months.

Analysts’ evaluations of 12-month value targets supply extra insights, showcasing a mean goal of $293.86, with a excessive estimate of $335.00 and a low estimate of $237.00. Observing a 4.35% improve, the present common has risen from the earlier common value goal of $281.62.

Decoding Analyst Rankings: A Detailed Look

A complete examination of how monetary consultants understand Progressive is derived from latest analyst actions. The next is an in depth abstract of key analysts, their latest evaluations, and changes to scores and value targets.

Key Insights:

• Motion Taken: Analysts continuously replace their suggestions primarily based on evolving market situations and firm efficiency. Whether or not they ‘Preserve’, ‘Increase’ or ‘Decrease’ their stance, it displays their response to latest developments associated to Progressive. This data gives a snapshot of how analysts understand the present state of the corporate.
• Score: Analyzing developments, analysts supply qualitative evaluations, starting from ‘Outperform’ to ‘Underperform’. These scores convey expectations for the relative efficiency of Progressive in comparison with the broader market.
• Worth Targets: Delving into actions, analysts present estimates for the longer term worth of Progressive’s inventory. This evaluation reveals shifts in analysts’ expectations over time.

Understanding these analyst evaluations alongside key monetary indicators can supply helpful insights into Progressive’s market standing. Keep knowledgeable and make well-considered selections with our Rankings Desk.

Keep updated on Progressive analyst scores.

Delving into Progressive’s Background

Progressive underwrites personal and business auto insurance coverage and specialty strains; it has nearly 20 million private auto insurance policies in pressure and is without doubt one of the largest auto insurers in america. Progressive markets its insurance policies by unbiased insurance coverage businesses within the US and Canada and straight by way of the web and phone. Its premiums are cut up roughly equally between the agent and the direct channel. The corporate additionally affords business auto insurance policies and entered householders insurance coverage by an acquisition in 2015.

Progressive: Delving into Financials

Market Capitalization Evaluation: The corporate’s market capitalization is above the business common, indicating that it’s comparatively bigger in measurement in comparison with friends. This will likely recommend the next stage of investor confidence and market recognition.

Income Progress: Progressive displayed optimistic ends in 3 months. As of 30 September, 2024, the corporate achieved a strong income progress charge of roughly 26.74%. This means a notable improve within the firm’s top-line earnings. Compared to its business friends, the corporate stands out with a progress charge larger than the typical amongst friends within the Financials sector.

Internet Margin: Progressive’s web margin is spectacular, surpassing business averages. With a web margin of 11.84%, the corporate demonstrates robust profitability and efficient value administration.

Return on Fairness (ROE): Progressive’s ROE excels past business benchmarks, reaching 9.24%. This signifies sturdy monetary administration and environment friendly use of shareholder fairness capital.

Return on Property (ROA): Progressive’s ROA surpasses business requirements, highlighting the corporate’s distinctive monetary efficiency. With a formidable 2.3% ROA, the corporate successfully makes use of its belongings for optimum returns.

Debt Administration: Progressive’s debt-to-equity ratio is beneath the business common. With a ratio of 0.25, the corporate depends much less on debt financing, sustaining a more healthy steadiness between debt and fairness, which could be considered positively by buyers.

The Fundamentals of Analyst Rankings

Rankings come from analysts, or specialists inside banking and monetary methods that report for particular shares or outlined sectors (usually as soon as per quarter for every inventory). Analysts normally derive their data from firm convention calls and conferences, monetary statements, and conversations with essential insiders to achieve their selections.

Some analysts additionally supply predictions for useful metrics reminiscent of earnings, income, and progress estimates to supply additional steerage as to what to do with sure tickers. You will need to remember that whereas inventory and sector analysts are specialists, they’re additionally human and might solely forecast their beliefs to merchants.

Which Shares Are Analysts Recommending Now?

Benzinga Edge provides you prompt entry to all main analyst upgrades, downgrades, and value targets. Type by accuracy, upside potential, and extra. Click on right here to remain forward of the market.

This text was generated by Benzinga’s automated content material engine and reviewed by an editor.