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PGR

Progressive

$61.70

-0.74 (-1.19%)

09:12
05/15/18
05/15
09:12
05/15/18
09:12

Progressive shares could top $100 in next 12 months, says William Blair

William Blair analyst Adam Klauber says "rising secular tailwinds" should push Progressive's earnings "materially higher" than expectations. The impact of accelerating bundling should result in the company's earnings per share more than doubling from $2.50 in 2017 to the $5.50 to $6.00 range in 2019, Klauber tells investors in a research note. He notes that the consensus earnings estimate for 2019 is only at $3.97. The benefits of bundling expanding, like higher premium levels and growing invested assets, are just beginning to manifest and do not appear to be reflected in the stock price, the analyst contends. He thinks Progressive shares could reach $100-plus in the next 12 months. The stock closed yesterday at $61.72.

PGR Progressive
$61.70

-0.74 (-1.19%)

01/25/18
UBSW
01/25/18
NO CHANGE
Target $64
UBSW
Buy
Progressive estimates look too low, says UBS
UBS analyst Brian Meredith noted tax reform concerns surrounding the active oversight of insurance rates, such as personal auto, could put downward pressure on pricing. The analyst said Progressive shares are more than discounting the potential margin pressure and he believes estimates appear too low. Meredith reiterated his Buy rating and raised his price target to $64 from $63 on Progressive shares.
01/25/18
JANY
01/25/18
NO CHANGE
JANY
Buy
Janney surprised by severity of negative reaction after Progressive report
Janney Capital analyst Robert Glasspiegel recognizes that investors have concerns about the personal auto space, but he was still surprised by the severity of the negative reaction in Progressive shares yesterday as he views the December results favorably. The analyst, who said he remains confident that Progressive will continue to deliver superior growth and profitability, keeps a Buy rating on the stock, which fell 3% yesterday to close at $55.33.
01/25/18
WBLR
01/25/18
NO CHANGE
WBLR
Progressive current worries likely overblown, says William Blair
William Blair analyst Adam Klauber attributes the recent weakness in shares of Progressive to cyclical concerns, the California Commissioner's comments on taxes, and also a "blip" in the loss ratio. However, recent data suggest rate increases remain high, and the potential for California to reduce rates materially is small, Klauber tells investors in a research note. The analyst sees limited downside risk in the shares and believes the current worries are likely overblown. Klauber points out that a multiple of 18 times his 2018 operating earnings estimate suggests a stock price of $71, which is nearly 30% above the current price. He keeps an Outperform rating on Progressive.
03/27/18
MKMP
03/27/18
NO CHANGE
Target $70
MKMP
Buy
Progressive price target raised to $70 from $65 at MKM Partners
MKM Partners analyst Harry Fong raised his price target on Progressive to $70 after the company's February earnings, noting continued increase in the personal auto policies count and a strong growth in its direct channel of over 14%. Fong adds that the company's auto insurance growth rate is "very impressive" and that the company's underwriting performance is also "excellent". The analyst keeps his Buy rating on Progressive.

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KORS

Michael Kors

$68.71

0.33 (0.48%)

12:45
05/25/18
05/25
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Michael Kors call volume above normal and directionally bullish »

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General news
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ZTCOY

ZTE Corp.

$0.00

(0.00%)

, ACIA

Acacia Communications

$33.68

1.49 (4.63%)

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Trump administration says deal struck on ZTE Corp., NYT reports »

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ZTE Corp.

$0.00

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ACIA

Acacia Communications

$33.68

1.49 (4.63%)

OCLR

Oclaro

$9.13

0.25 (2.82%)

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NBR

Nabors Industries

$7.27

-0.54 (-6.91%)

12:35
05/25/18
05/25
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12:35
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Nabors Industries put volume heavy and directionally bearish »

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PEP

PepsiCo

$100.19

0.01 (0.01%)

12:31
05/25/18
05/25
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PepsiCo confirms agreement to acquire Bare Snacks »

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PEP

PepsiCo

$100.29

0.11 (0.11%)

12:29
05/25/18
05/25
12:29
05/25/18
12:29
Periodicals
PepsiCo to acquire baked fruit and veggie snack maker Bare Foods, NYT reports »

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INTC

Intel

$55.19

0.41 (0.75%)

12:27
05/25/18
05/25
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12:27
Periodicals
EEOC investigates age discrimination claims against Intel, WSJ reports »

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ROST

Ross Stores

$77.43

-5.52 (-6.65%)

12:20
05/25/18
05/25
12:20
05/25/18
12:20
Options
Notable ratio spread in Ross Stores as shares slump on earnings »

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GPS

Gap

$28.45

-4.52 (-13.71%)

, FL

Foot Locker

$53.39

7.01 (15.11%)

12:18
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05/25
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General news
On The Fly: Top stock stories at midday »

The S&P 500 opened…

GPS

Gap

$28.45

-4.52 (-13.71%)

FL

Foot Locker

$53.39

7.01 (15.11%)

HLF

Herbalife Nutrition

$48.96

-4.89 (-9.08%)

IEP

Icahn Enterprises

$69.33

0.14 (0.20%)

FCAU

Fiat Chrysler

$21.86

-0.4 (-1.80%)

DGX

Quest Diagnostics

$106.60

5.71 (5.66%)

UNH

UnitedHealth

$244.87

2.14 (0.88%)

ROST

Ross Stores

$77.38

-5.57 (-6.71%)

ADSK

Autodesk

$132.89

-5.87 (-4.23%)

AAL

American Airlines

$45.31

1.76 (4.04%)

LUV

Southwest

$53.21

2 (3.91%)

DAL

Delta Air Lines

$55.80

1.39 (2.55%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
05/25/18
05/25
12:17
05/25/18
12:17
Technical Analysis
NASDAQ market internals summary »

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IWM

iShares Trust Russell 2000 Index Fund

$162.03

-0.01 (-0.01%)

, DIA

Diamonds Fund ETF

$247.61

-0.29 (-0.12%)

12:16
05/25/18
05/25
12:16
05/25/18
12:16
Technical Analysis
On The Fly: Weekly technical notes for S&P 500 »

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IWM

iShares Trust Russell 2000 Index Fund

$162.03

-0.01 (-0.01%)

DIA

Diamonds Fund ETF

$247.61

-0.29 (-0.12%)

XLF

Financial Select Sector

$27.87

-0.08 (-0.29%)

XLE

Energy Select Sector SPDR

$74.03

-2.51 (-3.28%)

IVV

iShares Core S&P 500

$274.29

-0.46 (-0.17%)

SPY

SPDR S&P 500 ETF Trust

$272.41

-0.46 (-0.17%)

JNK

SPDR Barclays High Yield Bond

$35.72

-0.03 (-0.08%)

EMB

iShares JP Morgan USD Emerging Markets Bond ETF

$109.63

0.28 (0.26%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$115.29

0.235 (0.20%)

EFV

iShares MSCI EAFE Value ETF

$54.37

-0.49 (-0.89%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
05/25/18
05/25
12:16
05/25/18
12:16
Technical Analysis
NYSE market internals summary »

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QEP

QEP Resources

$12.00

-1.04 (-7.98%)

12:15
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05/25
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12:15
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QEP Resources put volume heavy and directionally bearish »

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AIPT

Precision Therapeutics

$1.00

0.01 (1.01%)

, SKLN

Ticker changed to AIPT

$0.00

(0.00%)

12:10
05/25/18
05/25
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12:10
Hot Stocks
Skyline Medical says products approved on DAPA contract »

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AIPT

Precision Therapeutics

$1.00

0.01 (1.01%)

SKLN

Ticker changed to AIPT

$0.00

(0.00%)

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K

Kellogg

$64.84

1.39 (2.19%)

12:05
05/25/18
05/25
12:05
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12:05
Options
Kellogg call volume above normal and directionally bullish »

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12:05
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12:05
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General news
Treasury Option Action: some bullish positioning »

Treasury Option Action:…

GIFI

Gulf Island Fabrication

$10.40

-0.05 (-0.48%)

11:56
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Gulf Island Fabrication awarded 3300HP towboat newbuild project with option »

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DIS

Disney

$102.96

0.86 (0.84%)

, TWX

Time Warner

$94.04

-0.22 (-0.23%)

11:54
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05/25
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Box Office Battle: 'Solo' looking to shoot first, take out 'Deadpool 2' »

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DIS

Disney

$102.96

0.86 (0.84%)

TWX

Time Warner

$94.04

-0.22 (-0.23%)

VIAB

Viacom

$27.69

0.4 (1.47%)

CMCSK

Comcast

$0.00

(0.00%)

LGF.A

Lionsgate

$24.50

1.17 (5.02%)

LGF.B

Lionsgate

$23.05

1 (4.54%)

SNE

Sony

$46.56

0.11 (0.24%)

VIA

Viacom

$32.45

0.6 (1.88%)

FOX

21st Century Fox

$38.81

0.31 (0.81%)

FOXA

21st Century Fox

$39.25

0.32 (0.82%)

CMCSA

Comcast

$31.99

0.35 (1.11%)

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NKTR

Nektar

$80.14

-0.44 (-0.55%)

11:53
05/25/18
05/25
11:53
05/25/18
11:53
Conference/Events
Nektar to hold 2018 ASCO Investor Event »

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CELG

Celgene

$79.23

-0.25 (-0.31%)

11:50
05/25/18
05/25
11:50
05/25/18
11:50
Conference/Events
Celgene to hold analyst and investor event from ASCO Annual Meeting »

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    Jun

NKE

Nike

$72.43

0.29 (0.40%)

11:50
05/25/18
05/25
11:50
05/25/18
11:50
Options
Notable spread in Nike as shares reach new highs »

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  • 26

    Jun

AFSI

AmTrust

$13.76

0.035 (0.26%)

11:49
05/25/18
05/25
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05/25/18
11:49
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LRLCY

L'Oreal

$0.00

(0.00%)

11:46
05/25/18
05/25
11:46
05/25/18
11:46
Hot Stocks
L'Oreal to acquire Pulp Riot Hair Color »

L'Oreal announced…

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ROKU

Roku

$38.70

2.72 (7.56%)

11:45
05/25/18
05/25
11:45
05/25/18
11:45
Options
Roku Inc (Class A Stock) call volume above normal and directionally bullish »

Bullish option flow…

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11:45
05/25/18
05/25
11:45
05/25/18
11:45
Conference/Events
Barclays biopharmaceutical analyst to hold an analyst/industry conference call »

U.S. Biopharmaceuticals…

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