Is Progressive (PGR) Attractive After Recent Share Price Pullback And Mixed Valuation Signals?
- If you are wondering whether Progressive’s current share price offers good value or not, looking at what the market has been willing to pay for the business over time can be a useful starting point.
- Progressive’s share price recently closed at US$202.60, with returns of 0.8% over the past 7 days, a 5.8% decline over 30 days, a 4.5% decline year to date, and a 59.2% and 166.3% gain over the past 3 and 5 years respectively.
- Recent attention on Progressive has focused on how its long term performance compares to more recent pullbacks, with investors weighing whether the latest moves reflect changing sentiment or shorter term sector swings. This context is important when thinking about what a fair price might look like today and how much…
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