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Why The Progressive (PGR) Could Be a Top Value Stock Pick
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Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; The Progressive Corporation (PGR - Free Report) .
The Progressive Corporation in Focus
PGR may be an interesting play thanks to its forward PE of 18.31, its P/S ratio of 0.89, and its decent dividend yield of 1.75%. These factors suggest that The Progressive Corporationis a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that PGR has decent revenue metrics to back up its earnings.
But before you think that The Progressive Corporationis just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 5% in the past 30 days, thanks to eight upward revisions in the past one month compared to none lower.
So really, The Progressive Corporationis looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
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Why The Progressive (PGR) Could Be a Top Value Stock Pick
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; The Progressive Corporation (PGR - Free Report) .
The Progressive Corporation in Focus
PGR may be an interesting play thanks to its forward PE of 18.31, its P/S ratio of 0.89, and its decent dividend yield of 1.75%. These factors suggest that The Progressive Corporationis a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that PGR has decent revenue metrics to back up its earnings.
The Progressive Corporation PE Ratio (TTM)
Progressive Corporation (The) PE Ratio (TTM) | Progressive Corporation (The) Quote
But before you think that The Progressive Corporationis just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 5% in the past 30 days, thanks to eight upward revisions in the past one month compared to none lower.
This estimate strength is actually enough to push PGR to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So really, The Progressive Corporationis looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>