These Analysts Slash Their Forecasts On Progressive After Q3 Results

Benzinga Earnings10-15 22:34

Progressive Corp (NYSE:PGR) on Wednesday reported mixed third-quarter financial results.

Progressive reported quarterly earnings of $4.60 per share which beat the analyst consensus estimate of $4.36 per share. The company reported quarterly sales of $21.869 billion which missed the analyst consensus estimate of $22.495 billion.

Progressive shares rose 2.2% to trade at $218.25 on Thursday.

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

  • Keefe, Bruyette & Woods analyst Meyer Shields maintained the stock with an Outperform rating and lowered the price target from $252 to $246.
  • Wells Fargo analyst Elyse Greenspan maintained the stock with an Underweight rating and cut the price target from $201 to $196.

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

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