Progressive (PGR) Stock Forecast & Price Target

$239.97 +0.26 (+0.11%)

(As of 12/20/2024 05:40 PM ET)

Progressive - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
0

Hold
6

Buy
11

Based on 17 Wall Street analysts who have issued ratings for Progressive in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 6 have given a hold rating, and 11 have given a buy rating for PGR.

Consensus Price Target

$273.81
14.10% Upside

According to the 17 analysts' twelve-month price targets for Progressive, the average price target is $273.81. The highest price target for PGR is $335.00, while the lowest price target for PGR is $218.00. The average price target represents a forecasted upside of 14.10% from the current price of $239.97.

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PGR Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)	9 Buy rating(s)
Hold	6 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$273.81	$269.81	$257.18	$163.60
Forecasted Upside	14.10% Upside	2.63% Upside	-0.80% Downside	3.70% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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PGR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PGR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Progressive Stock vs. The Competition

Type	Progressive	Finance Companies	S&P 500
Consensus Rating Score	2.65	2.50	2.51
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	14.10% Upside	18.66% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent PGR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/16/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$299.00 ➝ $302.00	+18.45%
12/16/2024	BMO Capital Markets 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$273.00 ➝ $267.00	+6.04%
12/13/2024	Morgan Stanley 3 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$310.00 ➝ $310.00	+22.82%
12/10/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	V. Gandhi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
12/10/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$267.00	+7.72%
11/18/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$331.00 ➝ $335.00	+30.63%
Get the Latest News and Ratings for PGR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Progressive and its competitors with MarketBeat's FREE daily newsletter.
11/8/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$197.00 ➝ $237.00	-9.48%
11/6/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$277.00 ➝ $285.00	+12.02%
10/23/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$267.00 ➝ $277.00	+11.58%
10/16/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Shields Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$280.00 ➝ $290.00	+15.26%
10/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$242.00 ➝ $251.00	-0.18%
10/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$257.00 ➝ $295.00	+17.08%
9/18/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Cox Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$262.00 ➝ $280.00	+8.99%
9/16/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$270.00 ➝ $290.00	+13.73%
8/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$250.00 ➝ $252.00	+7.64%
7/17/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$232.00 ➝ $225.00	+1.65%
4/17/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$216.00 ➝ $218.00	+4.61%
12/12/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
11/16/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
4/14/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$143.00	+4.09%
2/15/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Fong Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:52 PM ET.

Should I Buy Progressive Stock? PGR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, December 15, 2024. Please send any questions or comments about these Progressive pros and cons to contact@marketbeat.com.

Progressive
Bull Case

Here are some ways that investors could benefit from investing in The Progressive Co.:

The Progressive Co. recently reported earnings per share (EPS) of $3.58, exceeding analysts' expectations of $3.40, indicating strong financial performance and effective management.
With a current stock price of $254.56, The Progressive Co. has shown resilience in the market, maintaining a solid position despite fluctuations.
Analysts have a consensus rating of "Moderate Buy" for The Progressive Co., with a target price of $269.81, suggesting potential for price appreciation.
The company has a robust return on equity of 33.10%, which reflects its ability to generate profit from shareholders' equity, a positive indicator for investors.
The Progressive Co. has declared a quarterly dividend of $0.10 per share, providing a steady income stream for investors, with a low dividend payout ratio of 2.91%, indicating room for future increases.

Progressive
Bear Case

Investors should be bearish about investing in The Progressive Co. for these reasons:

Insider selling has been notable, with 25,839 shares sold recently, which may raise concerns about the confidence of those within the company regarding its future performance.
The stock has experienced a decline of 2.6% recently, which could indicate potential volatility and uncertainty in the market.
The current ratio and quick ratio are both at 0.30, suggesting potential liquidity issues, as these ratios indicate the company's ability to cover short-term liabilities with its short-term assets.
Despite a strong market capitalization of $149.12 billion, the company's beta of 0.38 indicates lower volatility compared to the market, which may not appeal to investors seeking high-growth opportunities.
The Progressive Co. operates in a competitive insurance market, which could pressure margins and growth, especially in challenging economic conditions.

PGR Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Progressive is $273.81, with a high forecast of $335.00 and a low forecast of $218.00.
: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last twelve months. There are currently 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PGR shares.
: According to analysts, Progressive's stock has a predicted upside of 14.10% based on their 12-month stock forecasts.
: Over the previous 90 days, Progressive's stock had 2 downgrades by analysts.
: Progressive has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Evercore ISI, Hsbc Global Res, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, TD Cowen, and Wells Fargo & Company in the past 90 days.
: Analysts like Progressive more than other "finance" companies. The consensus rating for Progressive is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how PGR compares to other companies.

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This page (NYSE:PGR) was last updated on 12/21/2024 by MarketBeat.com Staff

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Progressive (PGR) Stock Forecast & Price Target