Brokerage Firm Rating Update on Progressive Corporation (The) (PGR)

Progressive Corporation (The) (PGR) : Zacks Investment Research ranks Progressive Corporation (The) (PGR) as 4, which is a Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.81, which indicates as a Hold.

Progressive Corporation (The) (PGR) : The highest short term price target forecast on Progressive Corporation (The) (PGR) is $36 and the lowest target price is $27. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $31.67 with a standard deviation of $3.12.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Citigroup downgrades its ratings on Progressive Corporation (The) (NYSE:PGR). In the latest research report, Citigroup lowers the target price from $36 per share to $31 per share. According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 2, 2016.

Progressive Corporation (The) (NYSE:PGR): stock was range-bound between the intraday low of $32.04 and the intraday high of $32.38 after having opened at $32.36 on Wednesdays session. The stock finally closed in the red at $32.36, a loss of -0.09%. The stock remained in the red for the whole trading day. The total traded volume was 2,810,180 shares. The stock failed to cross $32.38 in Wednesdays trading. The stocks closing price on Thursday was $32.35.

The Progressive Corporation is an insurance holding company. The Companys insurance subsidiaries and mutual insurance company affiliate provide personal auto insurance, commercial auto and truck insurance principally for small businesses, and other specialty property-casualty insurance and related services. The Companys property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its non-insurance subsidiaries and limited partnership investment affiliate support its insurance and investment operations.

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