In a report released today, Matthew Galinko from National Securities Corp maintained a Buy rating on Progress Software Corp (PRGS), with a price target of $50. The company’s shares closed yesterday at $40.63.
According to TipRanks.com, Galinko is a 3-star analyst with an average return of 5.7% and a 58.8% success rate. Galinko covers the Consumer Goods sector, focusing on stocks such as Xperi Corporation, Shotspotter Inc, and Inseego Corp.
Progress Software Corp has an analyst consensus of Moderate Buy, with a price target consensus of $50.
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Progress Software Corp’s market cap is currently $1.81B and has a P/E ratio of 30.93. The company has a Price to Book ratio of 5.89.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.
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Progress Software Corp. engages in the provision of a platform, which develops and deploy mission-critical business applications. It operates through the following business segments: OpenEdge Business; Data Connectivity and Integration; and Application Development and Deployment.
