Progressive Corp (PGR) Stock Sets Record Highs on Earnings; What’s Next?

Wednesday, April 17, 2019 10:50 AM | Brad Spears

Shares of Progressive Corp (PGR) stock rose nearly 7% Tuesday, setting new highs after the company reported quarterly earnings. PGR stock is up 25.64% over the last 12 months, and the average rating from Wall Street analysts is a Moderate Buy. Stock Score Report, InvestorsObserver’s proprietary scoring system, gives PGR stock a score of 80 out of a possible 100.

That score is mainly influenced by a short-term technical score of 99. PGR’s score also includes a long-term technical score of 90. The fundamental score for PGR is 50. In addition to the average rating from Wall Street analysts, PGR stock has a mean target price of $76.80. This means analysts expect the stock to increase 0.33% over the next 12 months.

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

What’s Happening with PGR Stock Today

Progressive Corp (PGR) stock is down -0.93% while the S&P 500 is lower by -0.05% as of 10:42 AM on Wednesday, Apr 17. PGR is lower by -$0.72 from the previous closing price of $77.26 on volume of 666,629 shares. Over the past year the S&P 500 has gained 8.51% while PGR is up 25.64%. PGR earned $5.03 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.22.

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What’s Next for Progressive (PGR) Stock?

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