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Is the Price of PGR Stock Justified by its Earnings?

Wednesday, December 11, 2019 11:35 AM | InvestorsObserver Analysts

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Is the Price of PGR Stock Justified by its Earnings?

The 50 rating InvestorsObserver gives to Progressive Corp (PGR) stock puts it near the top of the Financial Services sector.

In addition to scoring higher than 45 percent of stocks in the Financial Services sector, PGR’s 50 overall rating means the stock scores better than 50 of all stocks.

Click Here to get the full Stock Score Report on Progressive Corp (PGR) Stock.

What do These Ratings Mean?

Finding the best stocks can be tricky. It isn’t easy to compare companies across industries. Even companies that have relatively similar businesses can be tricky to compare sometimes. InvestorsObserver’s tools allow a top-down approach that lets you pick a metric, find the top sector and industry and then find the top stocks in that sector.

Our proprietary scoring system captures technical factors, fundamental analysis and the opinions of analysts on Wall Street. This makes InvestorsObserver’s overall rating a great way to get started, regardless of your investing style.

Percentile-ranked scores are also easy to understand. A score of 100 is the top and a 0 is the bottom. There’s no need to try to remember what is “good” for a bunch of complicated ratios, just pay attention to which numbers are the highest.

What's Happening With Progressive Corp Stock Today?

Progressive Corp (PGR) stock is down -2.53% while the S&P 500 is up 0.14% as of 11:33 AM on Wednesday, Dec 11. PGR is lower by -$1.84 from the previous closing price of $72.84 on volume of 2,904,495 shares. Over the past year the S&P 500 is up 18.97% while PGR is up 11.86%. PGR earned $5.35 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 13.28.

To see the top 5 stocks in Financial Services click here.

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