Zacks Investment Research recorded Progressive Corp (NYSE:PGR), raising its target price to $41.00 earlier today
- Updated: January 11, 2017
Zacks Investment Research bumped up the stock price target of Progressive Corp (NYSE:PGR) to $41.00 indicating a possible upside of 0.12%.
On Tuesday January 10, 2017, Goldman Sachs Group, Inc. (The) released a statement on Progressive Corp (NYSE:PGR) upped the target price from $29.00 to $34.00 that suggested a downside of -0.05%.
Displaying a price of $36.48, Progressive Corp (NYSE:PGR) traded 0.52% higher on the day. With the last stock price close up 10.86% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.04% over the same time. The company has recorded a 50-day moving average of $34.78 and a 200-day moving average of $32.93. 2,497,111 shares of the stock were exchanged, down from an average trading volume of 2,958,020
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Progressive Corp has a 52 week low of $29.32 and a 52 week high of $36.59 with a P/E ratio of 21.85 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 19 brokerages have issued a ratings update on Progressive Corp. The 12-month price target is $32.79 with two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, twelve analysts rating the company a hold, six firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Progressive Corp (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 Personal Lines, Commercial Lines and Property segments. The Company operates its vehicle businesses and property business in the United States. It also sells personal auto physical damage and auto property damage liability insurance in Australia. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. Its 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. Its Property business writes homeowners and renters insurance, primarily in the Agency channel in over 31 states and the District of Columbia.
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