An End-of-Day Technical Review: The Progressive Corporation (PGR), CNH Industrial N.V. (CNHI)

The Progressive Corporation (NYSE:PGR) last session’s volume of 5.83 million shares was higher than its average volume of 3.46 million shares. The stock, after opening at $52.74, hit $53.18 through the close by scoring 1.39%.

The Progressive Corporation (PGR) Analyst Opinion

The Progressive Corporation has a consensus outperform rating from 19 Wall Street analysts, and the number of shares currently sold short amount to at least 1.24% of shares outstanding. The stock spiked 9.31% last month and is up 49.8 this year. Wall Street is only getting more bullish on the stock, with 9 of analysts who cover PGR having a buy-equivalent rating. Analysts have placed a $51.6 price target on The Progressive Corporation, suggesting a -2.97% decline from recent close. It’s currently trading about -0.21% below its 52-week high.

The Progressive Corporation Earnings Surprise

The Progressive Corporation (PGR) surprised the stock market in its last reported earnings when it earned $0.41 a piece versus the consensus-estimated $0.35. Its revenue totaled $6.99 billion up 3.6% from the previous quarter.

The Progressive Corporation (NYSE:PGR) Intraday View

This stock (PGR) is ahead of its 52-week low with 59.84%. Its last month’s stock price volatility remained 1.38% which for the week stands at 1.33%. The share price has moved forward from its 20 days moving average, trading at a distance of 4.01% and stays 7.12% away from its 50 days moving average. Over the last five days, shares have managed 2.9% gains and now is up 19.18% since hitting its 200-day moving average of $46.84. The Progressive Corporation (PGR) has made its way to a 12-month gain of 59.7%.

Turning to CNH Industrial N.V. (NYSE:CNHI), its shares were trading at $13 a gain of $0.16, on the trading floor. The stock, after opening at $12.73, touched a high of $13.05 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.8. CNH Industrial N.V. has 2 buy ratings, 4 holds and 1 sells even after the stock tumbled -2.77% from its high of $13.37 to a $17.71 billion market value through last close.

CNH Industrial N.V. (CNHI) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 2.91 to 2.64 during a month. Analysts set a 12-month price target of $12.82 a share. The target implies a -1.38% decrease from where the shares are currently trading. Also, the current price highlights a discount of 25.46% to analysts’ high consensus price target.

CNH Industrial N.V. (NYSE:CNHI) Intraday Trading

The counter witnessed a trading volume of 5.55 million shares versus an average volume of 1.38 million shares during last trading session. Its last month’s stock price volatility remained 1.38% which for the week approaches 1.31%. The lowest price the stock reached in the last trading day was $12.71 and compares with the $8.40 52-week low. The stock recovered 54.76% since its low point and has performed 49.6% year-to-date.

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