Where Progressive Stands With Analysts
Portfolio Pulse from Benzinga Insights
Progressive (NYSE:PGR) has been analyzed by 19 analysts in the last three months, showing a diverse range of opinions from bullish to bearish. The average 12-month price target for PGR has increased to $221.32 from $203.22, indicating a positive sentiment shift. Analysts from firms like Morgan Stanley, Jefferies, and Wells Fargo have raised their price targets, reflecting optimism about Progressive's market performance and financial health. The company's financial performance shows strong revenue growth and effective utilization of equity and assets, despite challenges in net margin and debt management.
April 15, 2024 | 5:00 pm
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POSITIVE IMPACT
Progressive has received positive analyst ratings and increased price targets, indicating a bullish sentiment. The company's strong revenue growth and effective capital utilization are highlighted, despite some challenges in profitability and debt management.
The increase in the average 12-month price target and positive adjustments by analysts from reputable firms suggest a bullish outlook for Progressive. The company's strong revenue growth and above-average ROE and ROA support this optimism, although concerns about net margin and debt management could temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100