PROG (NYSE:PRG) Price Target Raised to $50.00

PROG (NYSE:PRG) had its price objective upped by TD Cowen from $45.00 to $50.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the fintech holding company’s stock. TD Cowen’s target price suggests a potential upside of 15.73% from the company’s previous close.

Several other analysts also recently issued reports on the company. Wall Street Zen downgraded PROG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Raymond James Financial reaffirmed an “outperform” rating and set a $45.00 price objective on shares of PROG in a report on Thursday, April 30th. Stephens lifted their price objective on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Finally, Zacks Research downgraded shares of PROG from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.25.

PROG Price Performance

PROG stock traded down $0.04 during mid-day trading on Tuesday, hitting $43.20. The stock had a trading volume of 42,599 shares, compared to its average volume of 522,983. PROG has a one year low of $25.80 and a one year high of $47.60. The company has a current ratio of 4.27, a quick ratio of 2.41 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $1.73 billion, a P/E ratio of 11.80 and a beta of 1.78. The firm’s 50 day moving average is $37.15 and its 200 day moving average is $33.57.

PROG (NYSE:PRG) last posted its quarterly earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.46. PROG had a return on equity of 21.94% and a net margin of 5.88%.The business had revenue of $742.67 million for the quarter, compared to analysts’ expectations of $732.70 million. During the same period last year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. On average, sell-side analysts forecast that PROG will post 4.7 earnings per share for the current fiscal year.

Institutional Trading of PROG

A number of large investors have recently added to or reduced their stakes in PRG. Royal Bank of Canada boosted its position in shares of PROG by 23.4% during the 1st quarter. Royal Bank of Canada now owns 35,910 shares of the fintech holding company’s stock valued at $955,000 after acquiring an additional 6,807 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in PROG by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the fintech holding company’s stock valued at $648,000 after purchasing an additional 1,162 shares in the last quarter. Millennium Management LLC lifted its position in PROG by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock valued at $17,913,000 after purchasing an additional 259,630 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of PROG by 5.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the fintech holding company’s stock worth $8,342,000 after buying an additional 16,126 shares in the last quarter. Finally, Caxton Associates LLP bought a new stake in shares of PROG in the 1st quarter worth about $233,000. Institutional investors own 97.92% of the company’s stock.

PROG Company Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.