Analysts Are Neutral on These Financial Stocks: PGR, AXP


Analysts fell to the sidelines weighing in on Progressive (NYSE: PGR) and American Express (NYSE: AXP) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Progressive (NYSE: PGR)

Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Progressive (NYSE: PGR) yesterday and set a price target of $64. The company’s shares closed yesterday at $62.52, close to its 52-week high of $64.77.

Greenspan commented:

“We are raising our 2018 EPS estimate to $4.25 from $4.15 based on better results in the month. We are also raising our 2019 and 2020 EPS estimates to $4.35 and $4.55 (from $4.30 and $4.50, respectively) based on changes to our margin and premium assumptions and to account for the May upside. Our price target remains $64. We believe shares are trading up today based on better underlying results in the month.”

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 5.4% and a 57.5% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Renaissancere Holdings Ltd, and Marsh & Mclennan Companies.

Progressive has an analyst consensus of Moderate Buy, with a price target consensus of $65.60.

See today’s analyst top recommended stocks >>

American Express (NYSE: AXP)

Credit Suisse analyst Moshe Orenbuch maintained a Hold rating on American Express (NYSE: AXP) yesterday and set a price target of $96. The company’s shares closed yesterday at $100.02, close to its 52-week high of $103.24.

According to TipRanks.com, Orenbuch is ranked #185 out of 4830 analysts.

American Express has an analyst consensus of Moderate Buy, with a price target consensus of $106.83.

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