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NYSE: PGR
Progressive Corp Stock Forecast, Predictions & Price Target

Analyst price target for PGR

Based on 6 analysts offering 12 month price targets for Progressive Corp.
Min Forecast
$85.00-9.19%
Avg Forecast
$97.83+4.52%
Max Forecast
$115.00+22.86%

Should I buy or sell PGR stock?

Hold
Strong Buy
2 analysts 22.22%
Buy
1 analysts 11.11%
Hold
2 analysts 22.22%
Sell
0 analysts 0%
Strong Sell
4 analysts 44.44%

PGR stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
James Shanahan
Edward Jones
Strong BuyUpgradesN/AN/A2021-03-19
Anonymous
Deutsche Bank
Strong BuyMaintains$105.00+12.18%2021-02-01
Gregory Peters
Raymond James
BuyDowngrades$115.00+22.86%2021-04-19
Suneet Kamath
Citigroup
HoldDowngrades$96.00+2.56%2020-12-08
Meyer Shields
Keefe, Bruyette & Woods
HoldUpgradesN/AN/A2020-12-02
Michael Phillips
Morgan Stanley
Strong SellDowngrades$85.00-9.19%2021-06-07
Yaron Kinar
Goldman Sachs
Strong SellDowngradesN/AN/A2021-01-08
Elyse Greenspan
Wells Fargo
Strong SellDowngrades$99.00+5.77%2021-01-04
Tracy Benguigui
Barclays
Strong SellInitiates Coverage On$87.00-7.05%2020-11-17

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Forecast return on equity

Is PGR forecast to generate an efficient return?
Company
18.32%
Industry
12.17%
Market
50.3%
PGR's Return on Equity is forecast to be low in 3 years (18.32%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is PGR forecast to generate an efficient return on assets?
Company
5%
Industry
3.06%
Market
16.38%
PGR is forecast to generate higher Return on Assets (5%) than the US Insurance - Property & Casualty industry average (3.06%)
Forecast

PGR earnings per share forecast

What is PGR's earnings per share in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$5.83-47.21%
Avg 2 year Forecast
$5.96-45.99%
Avg 3 year Forecast
$5.59-49.41%
PGR's earnings are forecast to grow at a rate of -27.22% per year, which is not exceptional
Forecast

PGR revenue forecast

What is PGR's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$46.7B+4.33%
Avg 2 year Forecast
$51.5B+14.95%
Avg 3 year Forecast
$53.3B+19.03%
PGR's revenue is forecast to grow at a rate of 6.54% per year, which is not exceptional
Forecast

PGR earnings growth forecast

How is PGR forecast to perform vs Insurance - Property & Casualty companies and vs the US market?
Company
-27.22%
Industry
-5.26%
Market
27.34%
PGR's earnings are forecast to grow slower (-27.22% per year) than the US Insurance - Property & Casualty industry average (-5.26%)
Forecast
PGR's earnings are forecast to grow slower (-27.22% per year) than the US market average (27.34%)
Forecast
PGR's earnings are forecast to grow slower (-27.22% per year) than the risk-free savings rate (1.5%)
Forecast

PGR revenue growth forecast

How is PGR forecast to perform vs Insurance - Property & Casualty companies and vs the US market?
Company
6.54%
Industry
2.36%
Market
17.9%
PGR's revenues are forecast to grow faster (6.54% per year) than the US Insurance - Property & Casualty industry average (2.36%)
Forecast
PGR's revenues are forecast to grow slower (6.54% per year) than the US market average (17.9%)
Forecast

Progressive Corp Stock Forecast FAQ

Is Progressive Corp Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NYSE: PGR) stock is to Hold PGR stock.

Out of 9 analysts, 2 (22.22%) are recommending PGR as a Strong Buy, 1 (11.11%) are recommending PGR as a Buy, 2 (22.22%) are recommending PGR as a Hold, 0 (0%) are recommending PGR as a Sell, and 4 (44.44%) are recommending PGR as a Strong Sell.

What is PGR's earnings growth forecast for 2021-2023?

(NYSE: PGR) Progressive Corp's forecast annual earnings growth rate of -27.22% is not forecast to beat the US Insurance - Property & Casualty industry's average forecast earnings growth rate of -5.26%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 27.34%.

Progressive Corp's earnings in 2021 is $6,458,600,000.On average, 8 Wall Street analysts forecast PGR's earnings for 2021 to be $3,409,980,751, with the lowest PGR earnings forecast at $2,715,111,228, and the highest PGR earnings forecast at $4,242,361,295. On average, 8 Wall Street analysts forecast PGR's earnings for 2022 to be $3,488,976,444, with the lowest PGR earnings forecast at $2,902,360,279, and the highest PGR earnings forecast at $4,388,649,615.

In 2023, PGR is forecast to generate $3,268,081,080 in earnings, with the lowest earnings forecast at $3,183,233,854 and the highest earnings forecast at $3,352,928,306.

What is PGR's revenue growth forecast for 2021-2023?

(NYSE: PGR) Progressive Corp's forecast annual revenue growth rate of 6.54% is forecast to beat the US Insurance - Property & Casualty industry's average forecast revenue growth rate of 2.36%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 17.9%.

Progressive Corp's revenue in 2021 is $44,779,900,000.On average, 4 Wall Street analysts forecast PGR's revenue for 2021 to be $27,337,136,609,221, with the lowest PGR revenue forecast at $26,650,806,228,690, and the highest PGR revenue forecast at $28,096,427,411,871. On average, 4 Wall Street analysts forecast PGR's revenue for 2022 to be $30,121,669,252,771, with the lowest PGR revenue forecast at $28,534,414,643,448, and the highest PGR revenue forecast at $32,007,884,525,400.

In 2023, PGR is forecast to generate $31,188,266,174,835 in revenue, with the lowest revenue forecast at $31,188,266,174,835 and the highest revenue forecast at $31,188,266,174,835.

What is PGR's forecast return on assets (ROA) for 2021-2023?

(NYSE: PGR) forecast ROA is 5%, which is higher than the forecast US Insurance - Property & Casualty industry average of 3.06%.

What is PGR's Price Target?

According to 6 Wall Street analysts that have issued a 1 year PGR price target, the average PGR price target is $97.83, with the highest PGR stock price forecast at $115.00 and the lowest PGR stock price forecast at $85.00.

On average, Wall Street analysts predict that Progressive Corp's share price could stay at $97.83 by Jun 7, 2022. The average Progressive Corp stock price prediction forecasts a potential downside of N/A from the current PGR share price of $93.60.

What is PGR's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: PGR) Progressive Corp's current Earnings Per Share (EPS) is $11.04. On average, analysts forecast that PGR's EPS will be $5.83 for 2021, with the lowest EPS forecast at $4.64, and the highest EPS forecast at $7.25. On average, analysts forecast that PGR's EPS will be $5.96 for 2022, with the lowest EPS forecast at $4.96, and the highest EPS forecast at $7.50. In 2023, PGR's EPS is forecast to hit $5.59 (min: $5.44, max: $5.73).

What is PGR's forecast return on equity (ROE) for 2021-2023?

(NYSE: PGR) forecast ROE is 18.32%, which is considered weak.
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