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Credit Suisse upgraded Progressive (NYSE:PGR) from Underperform to Neutral in a report released today.

Credit Suisse has upgraded Progressive (NYSE:PGR) from Underperform to Neutral in a report released on 9/20/2017.

Previously on 09/11/2017, Buckingham Research reported on Progressive (NYSE:PGR) increased the target price from $0.00 to $40.00. At the time, this indicated a possible downside of -0.12%.

Yesterday Progressive (NYSE:PGR) traded 0.07% higher at $47.63. The company’s 50-day moving average is $47.13 and its 200-day moving average is $43.28. The last closing price is up 10.12% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 1,311,598 shares of the stock traded hands, down from an average trading volume of 3,530,790

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Progressive (NYSE:PGR)

Progressive has PE ratio of 20.28 with a one year low of $30.63 and a one year high of $49.01 and has a market capitalization of $0.

A total of 19 analysts have released a report on Progressive. Two analysts rating the company a strong buy, four analysts rating the company a buy, twelve analysts rating the company a hold, six analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $32.79.

General Company Details For Progressive (NYSE:PGR)

The Progressive Corporation is an insurance holding company. The Company's insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through the Personal Lines, Commercial Lines and Property segments. The Company's Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. The Commercial Lines business writes primary liability, physical damage and other auto-related insurance for automobiles and trucks owned and/or operated predominately by small businesses as a part of the commercial auto market. ASI is a homeowner carrier in the United States, which specializes in personal and commercial property insurance, personal umbrella insurance, and primary and excess flood insurance. The Company's service business includes Commercial Auto Insurance Procedures/Plans (CAIP) and Commission-based businesses.

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