Progressive Corporation (The) (NYSE:PGR) has a 1 Year Target Estimate of $32.77. The stock traded with the volume of 5.26 Million in the last trading session. Progressive Corporation (The) opened at $33.6 and closed by showing a decrease of -0.83%. The Bid price in the last session was $26.00 x 100 and the Ask price was $34.45 x 200. (The ask price is what sellers are willing to take for it. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. The difference (or spread) goes to the broker/specialist that handles the transaction).
Progressive Corporation (The) has the Market Capitalization of 19.32 Billion. The Stock has its 52-week High of $35.54 and 52-Week Low of $29.32 and it touched its 52-week high on Apr 4, 2016 and 52-Week Low on Jan 20, 2016.
Progressive Corporation (The) reported its last Earnings on Nov 16 BMO where the company reported Actual EPS of $0.36/Share whereas, the Analyst Estimated EPS was $0.33/share. The difference between Actual EPS and Estimated EPS was $0.03/share. This represented an Earnings Surprise of 9.1%. The company will report its next earnings on 14-Dec-16.
Some analyst provided their insight on Growth Estimates; Progressive Corporation (The) has the Current Quarter Earnings Growth rate of -17%. The Next Quarter growth is expected to be 21.4%. In the past 5 years, the stock has earnings growth rate of 8.69% per annum while the Upcoming 5 year’s earnings growth rate is expected to be 6.42% per annum.
13 number of analysts also provided their insight on Progressive Corporation (The), where the Average Price Target for the stock is $32.77. They also projected Low Price Target as $28 while High Price Target is set at $40.
A number of analysts rated the stock as well: 2 analysts believe that the stock is a STRONG BUY while 3 reported it as Buy.10 analysts assigned a HOLD rating, 5 said it’s UNDERPERFORM and 0 say that this stock is a SELL.
Progressive Corporation (The) annual Divided is 0.89 while it’s Dividend Yield is 2.67%. The stock has its Price to Earnings (P/E) ratio of 19.94 and Forward Price to Earnings ratio of 16.58. The company has its Price to Sales (P/S) ratio of 0.85 where Price to Book (P/B) ratio of 2.39, Price to Cash Per share (P/C) of 134.87 and Price to Free Cash Flow (P/FCF) has a value of 11.6.
The company has its Return on Assets (ROA) of 3.1 Percent. Return on Equity (ROE) stands at 12.7% and Return on Investment (ROI) displays a value of 14.4%.
The stock is currently trading at Distance from 20-Day simple moving Average of 2.18% whereas, Distance from 50-Day Simple moving average is 4.09 Percent and Distance from 200-Day Simple Moving Average of 1.61 percent.
A look at performance overview of Progressive Corporation (The) depicts that Performance (Week) is 0.12 percent while Performance Month is 5.68%. Quarterly performance shows a value of 2.27% and Half Year Performance value stands at 0.39%. Yearly performance of the stock has the value of 9.96 percent. Progressive Corporation (The) has its YTD performance of 7.78 Percent. (YTD performance is the most important factor to consider; if YTD is negative, the stock is declining; if the YTD Performance value is Positive the stock is surging).
Many Insiders have done trades inside the company. The latest trade was made on 1 Sep 2016 where Officer Charney (M Jeffrey) did a transaction type “Sell” in which 7000 shares were traded at a price of $32.5. Another insider trade includes Officer Sieger (Michael D) who also initiated a transaction in which 624 shares were traded on 31 Aug 2016 as “Sell”. On 31 Aug 2016 Officer Sieger (Michael D) traded 1343 shares as “Buy” at $0. Officer Barbagallo John A Sell 24000 shares on 17 Jul 2016 at the price of $33.01.
The latest Upgrades/Downgrades was done by Research firm Citigroup on 14-Oct-16 who Upgrade the stock from Sell to Neutral. Other firms have also Upgraded/Downgraded the stock. On 16-Sep-16, Keefe Bruyette took an action “Upgrade” from Underperform to Mkt Perform. On 2-Jun-16, the stock was Downgrade to Sell by Citigroup.