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

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

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

Analysts’ evaluations of 12-month worth targets supply further insights, showcasing a median 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 worth goal of $281.62.

Decoding Analyst Rankings: A Detailed Look

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

Key Insights:

• Motion Taken: Analysts ceaselessly replace their suggestions based mostly on evolving market situations and firm efficiency. Whether or not they ‘Preserve’, ‘Elevate’ or ‘Decrease’ their stance, it displays their response to current developments associated to Progressive. This info 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.
• Value 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 worthwhile 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 non-public and business auto insurance coverage and specialty strains; it has nearly 20 million private auto insurance policies in pressure and is likely one of the largest auto insurers in the USA. Progressive markets its insurance policies by unbiased insurance coverage companies within the US and Canada and instantly by way of the web and phone. Its premiums are break up roughly equally between the agent and the direct channel. The corporate additionally presents business auto insurance policies and entered owners insurance coverage by an acquisition in 2015.

Progressive: Delving into Financials

Market Capitalization Evaluation: The corporate’s market capitalization is above the trade common, indicating that it’s comparatively bigger in dimension in comparison with friends. This may occasionally counsel the next degree of investor confidence and market recognition.

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

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

Return on Fairness (ROE): Progressive’s ROE excels past trade 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 trade requirements, highlighting the corporate’s distinctive monetary efficiency. With a powerful 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 trade common. With a ratio of 0.25, the corporate depends much less on debt financing, sustaining a more healthy stability between debt and fairness, which may be considered positively by buyers.

The Fundamentals of Analyst Rankings

Rankings come from analysts, or specialists inside banking and monetary techniques that report for particular shares or outlined sectors (usually as soon as per quarter for every inventory). Analysts often derive their info from firm convention calls and conferences, monetary statements, and conversations with necessary insiders to succeed in their selections.

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

Which Shares Are Analysts Recommending Now?

Benzinga Edge offers you immediate entry to all main analyst upgrades, downgrades, and worth 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.