Wells Fargo (NYSE:) analyst Elyse Greenspan maintained a Sell rating on Progressive Corp. on Wednesday, setting a price target of $90, which is approximately 3.61% below the present share price of $93.37.
Greenspan expects Progressive Corp. to post earnings per share (EPS) of $2.87 for the first quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Progressive, with an average price target of $96.
The analysts price targets range from a high of $115 to a low of $85.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $11.41 billion and a net profit of $0. The company’s market cap is $54.69 billion.
According to TipRanks.com, Wells Fargo analyst Elyse Greenspan is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 11.0% and a 65.72% success rate.
The Progressive Corporation (NYSE:) is one of the leading auto insurers in the United States. The company also offers residential property insurance, reinsurance, and other specialty property-casualty insurance and related services. Its Personal Lines business unit covers insurance for personal automobiles, recreational and other vehicles. Under the Commercial Lines division, Progressive writes primary liability and physical damage insurance for automobiles owned by small businesses. Its Property segment offers residential property insurance for homeowners, renters and other property owners.
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