Progressive Corp. (NYSE:PGR) currently has a daily average trading volume of 2.52M but it saw 1808613 shares traded in last market. With a market cap of 138.99B USD, the company’s current market price of $237.32 came falling about -0.60 while comparing to the previous closing price of $238.75. In past 52 weeks, the stock remained buoying in the range of price level as high as $239.16 and as low as $128.74. In the recent trading on the day, stock has struck highest price mark of $235.42 while lowest mark touched by it was $240.8.
Taking a look at 20-day trading activity of Progressive Corp. (PGR) gives us an average price of $222.56, while its current price level is -0.77% below from 52-week high level whereas it is 84.34% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $215.80 while that of 200 days or SMA-200 reads an average of $194.14. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.57% during that period while stretching the period over a month that increases to 2.07%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 70.60 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Goldman which upgraded the stock as “Buy” in its note to investors issued on August 15, 2024, recommending a price target of between $230 and $262 for it. HSBC Securities upgraded its recommendation for the stock as a “Buy” from “Hold” on August 12, 2024 while assigning a price target of $253. Keefe Bruyette also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $210 and $245.
Over the week, PGR’s stock price is moving 1.27% up while it is 9.92% when we observe its performance for the past one month. Year-to-date it is 49.66% up and over the past year, the stock is showing an upside performance of 80.34%.
The company is expected to be releasing its next quarterly report on 2024-Nov-01, for which analysts forecasted an EPS of 2.8 while estimate for next year EPS is 12.31. In next quarter, company is expected to be making quarterly sales of $18.52B as analysts are expecting the sales for current fiscal year at $74.23B and seeing the company making $84.99B in sales next year. Moreover, analysts are in estimates of $18.89B for current-quarter revenue.
Currently, Progressive Corp.’s total number of outstanding shares is 585.30M with 0.29% of that held by the insiders while 86.75% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 22.70% and return on equity (ROE) at 34.45%. It has a price to earnings ratio (P/E ratio) of 20.30 while having a 18.31 of forward P/E ratio. Stock’s beta reads 0.34. Stock has a price to book (P/B) ratio of 5.96 while price to sale or P/S ratio amounts to 2.05. Its return on asset (ROA) is 8.12% on average.
