The Progressive Corp (NYSE: PGR). Extremely meaningful positive changes in fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for December, 2025 increased significantly, and significant quarterly earnings acceleration occurred.
Significant positive changes in investment behavior have recently occurred for The Progressive Corp (NYSE: PGR): positive upside/downside volume developed.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
PGR’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Progressive has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Progressive has a slightly negative Appreciation Score of 34 but a very high Power Rating of 87, leading to the High Neutral Value Trend Rating.
Recent Price Action
The Progressive Corp (NYSE: PGR) stock closed at $254.09 on 10/11/24 after a modest gain of 0.9%. However, below average trading volume at 73% of normal accompanied the advance. The stock has risen 0.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
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