Stock To Watch: Progressive Corporation (The) (NYSE:PGR)


The leading market experts have placed a mean price target of $32.76 on Progressive Corporation (The) (NYSE:PGR) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.52 a share for the upcoming quarter and $1.70 for the current fiscal. Technical View The technical analysis of Progressive Corporation (The) C plainly substantiates that the 50-day moving average of Progressive Corporation (The) C is $32.64, and stock is hovering -0.13 or -0.41% distant from $32.64. It is noted that the 200-day MA is $32.68, and Progressive Corporation (The) C stock is $-0.17 or -0.52% off from this point. Progressive Corporation (The) (NYSE:PGR) 52-week high is $35.54 and the 52-week low is $27.23. This explains if the stock moves $-3.03, it will post a 52-week high. In event of $+19.39% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Progressive Corporation (The) C, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Progressive Corporation (The) (NYSE:PGR) ratio came in at 18.06. The stock last ended the trading session at $32.51 and registered a market cap of $18.92B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Progressive Corporation (The) (NYSE:PGR) PEG ratio is at 2.03.

1 Chart Pattern Every Investor Should Know

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