These Analysts Revise Their Forecasts On Progressive After Q1 Earnings

Benzinga
04-17

The Progressive Corporation (NYSE:PGR) posted weaker-than-expected first-quarter results on Wednesday.

Progressive posted adjusted earnings of $4.66 per share, missing market estimates of $4.81 per share. The company's quarterly sales came in at $19.409 billion missing expectations of $21.626 billion.

Progressive shares fell 2.1% to trade at $269.42 on Thursday.

These analysts made changes to their price targets on Progressive following earnings announcement.

  • B of A Securities analyst Joshua Shanker maintained Progressive with a Neutral rating and raised the price target from $289 to $297.
  • BMO Capital analyst Michael Zaremski maintained the stock with an Outperform rating and increased the price target from $282 to $288.
  • Keefe, Bruyette & Woods analyst Meyer Shields downgraded Progressive from Outperform to Market Perform and maintained the price target of $288.

Considering buying PGR stock? Here’s what analysts think:

Read This Next:

  • Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Photo via Shutterstock

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10