The share price of The Progressive Corporation [NYSE: PGR] inclined by $76.98, presently trading at $71.45. The company’s shares saw 25.99% gains compared to the lowest price in the period of the last 52 weeks, set at $56.71 recorded on 09/12/19. The last few days have been tough to the share price as PGR fall by -7.63% during the last week, even though the stock is still down by -8.33% compared to -5.90 of all time high it touched on 09/09/19. However, the stock had a poor performance during the past 3 months, roughly losing -3.12%, while additionally gaining 13.22% during the last 12 months. The Progressive Corporation is said to have a 12-month price target set at $89.40. That means that the stock has a strong potential to acquire 17.95% increase from the current trading price.
The Progressive Corporation [NYSE:PGR]: Analyst Rating and Earnings
Its stock price has been found in the range of 56.71 to 84.96. This is compared to its latest closing price of $76.98.
Keep on the lookout for this organization’s next scheduled financial results, which are expected to be made public on Tue 15 Oct (In 32 Days).
Fundamental Analysis of The Progressive Corporation [PGR]
Now let’s turn to look at profitability: with a current Operating Margin for The Progressive Corporation [PGR] sitting at +10.61, this company’s Net Margin is now 9.10%. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.
This company’s Return on Total Capital is 23.81, and its Return on Invested Capital has reached 18.90%. Its Return on Equity is 26.01, and its Return on Assets is 6.04. These metrics all suggest that The Progressive Corporation is doing well at using the money it earns to generate returns.
Turning to investigate this organization’s capital structure, The Progressive Corporation [PGR] has generated a Total Debt to Total Equity ratio of 40.70. Similarly, its Total Debt to Total Capital is 28.93, while its Total Debt to Total Assets stands at 9.30.
What about valuation? This company’s Enterprise Value to EBITDA is 13.41. The Enterprise Value to Sales for this firm is now 1.39, and its Total Debt to Enterprise Value stands at 0.11. The Progressive Corporation [PGR] has a Price to Book Ratio of 3.41, a Price to Cash Flow Ratio of 5.63 and P/E Ratio of 12.99. These metrics all suggest that The Progressive Corporation is more likely to generate a positive ROI.
Shifting the focus to workforce efficiency, The Progressive Corporation [PGR] earns $857,441 for each employee under its payroll. Similarly, this company’s Total Asset Turnover is 0.74. This publicly-traded organization’s liquidity data is also interesting: its Current Ratio is 0.57.
The Progressive Corporation [PGR] has 583.60M shares outstanding, amounting to a total market cap of $44.93B. Its stock price has been found in the range of 56.71 to 84.96. At its current price, it has moved down by -15.91% from its 52-week high, and it has moved up 25.99% from its 52-week low.
This stock’s Beta value is currently 0.65, which indicates that it is 1.60% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 30.81. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is The Progressive Corporation [PGR] a Reliable Buy?
Shares of The Progressive Corporation [PGR], overall, appear to be a solid investment option, with Wall Street analysts expecting its price to rise considerably in the next 12 months. This company generates high value from the labor resources and other capital it has available, and while it has heavy Long-Term Debt to Equity, the majority of the metrics point to this investment being highly attractive.