Evaluating Progressive: Insights From 23 Financial Analysts
Portfolio Pulse from Benzinga Insights
Over the past three months, 23 analysts have evaluated Progressive (NYSE:PGR), showing a range of sentiments from bullish to bearish. The average 12-month price target has increased to $255.91, with a high of $296.00 and a low of $225.00. Analysts have adjusted their ratings and price targets, reflecting their perceptions of Progressive's market position. The company has shown strong revenue growth but faces challenges with net margin. Progressive's ROE and ROA are above industry averages, and it maintains a balanced debt approach.
September 03, 2024 | 12:01 pm
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POSITIVE IMPACT
Progressive (NYSE:PGR) has received diverse analyst ratings, with an average price target increase to $255.91. The company shows strong revenue growth and effective asset utilization, but faces challenges with net margin.
The increase in the average price target and the majority of analysts maintaining or raising their ratings suggest a positive short-term outlook for Progressive. The company's strong revenue growth and effective asset utilization further support this positive sentiment, despite challenges with net margin.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100