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Is this Large Market Cap Stock target price reasonable for Progressive Corp. (NYSE:PGR)?

The company in question is, Progressive Corp. (NYSE:PGR) currently with a stock price of 32.33 (0.43% today). The market cap for Progressive Corp. is 18984.82, and is in the sector Financial, and Property & Casualty Insurance industry. The target price for Progressive Corp. is 32.75. Currently Progressive Corp. is trading with a P/E of 17.94, and a forward P/E of 15.51. Average volume for Progressive Corp. is 2673.69 and so far today it is 2106700.

Performance in the last year for Progressive Corp. has been 12.76%. For EPS growth, Progressive Corp. has seen a growth of -0.10%, and is looking to grow in the next year to 24.55%. More long term stats show that EPS growth has been 6.00% over the last five years and could be 9.27% for the next five years. Progressive Corp. has seen sales growth quarter over quarter at 10.20%, with EPS growth quarter over quarter at -47.10%. The 20-day simple moving average is -1.76%, with the 200-day simple moving average coming to 0.47%.

Since the IPO date for Progressive Corp. on the 7/9/1986, Progressive Corp. has seen performance year to date to be 4.64%. With Progressive Corp. trading at 32.33, the dividend yield is 2.75%, and the EPS is 1.8.

So could Progressive Corp., be undervalued? Well as said before P/E is 17.94. The PEG is 1.94, P/S is 0.86 and the P/B is at 2.4. The P/cash is 140.94, with P/free cash flow at 11.09.

Progressive Corp. ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 0.34, and total debt/equity at 0.34.

In terms of margins, Progressive Corp. has a gross margin of *TBA, an operating margin of 8.00% and a profit margin of 4.80%.Payout ratio for Progressive Corp. is 49.00%. Return on assets come to 3.50% with return on investment coming to 14.40%.

Insider ownership for Progressive Corp., is at 0.50% and institutional ownership comes to 78.90%. Outstanding shares are at 587.22. While shares float is 567.26. The float short is currently 1.13%, and short ratio is 2.39.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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