Decoding 3 Analyst Evaluations For PROG Holdings

Across the recent three months, 3 analysts have shared their insights on PROG Holdings PRG, expressing a variety of opinions spanning from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Analysts have set 12-month price targets for PROG Holdings, revealing an average target of $44.67, a high estimate of $47.00, and a low estimate of $41.00. Witnessing a positive shift, the current average has risen by 12.6% from the previous average price target of $39.67.

Exploring Analyst Ratings: An In-Depth Overview

The standing of PROG Holdings among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to PROG Holdings. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of PROG Holdings compared to the broader market.
• Price Targets: Analysts navigate through adjustments in price targets, providing estimates for PROG Holdings's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

To gain a panoramic view of PROG Holdings's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.

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All You Need to Know About PROG Holdings

PROG Holdings Inc is a financial technology holding company that provides transparent and competitive payment options to consumers. The Company has two reportable segments: (i) Progressive Leasing, an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider; and (ii) Vive Financial (Vive), an omnichannel provider of second-look revolving credit products. The majority of the revenue of the company is earned through the progressive leasing segment.

PROG Holdings: Delving into Financials

Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Decline in Revenue: Over the 3 months period, PROG Holdings faced challenges, resulting in a decline of approximately -2.03% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.

Net Margin: PROG Holdings's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 3.42%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): PROG Holdings's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.73%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): PROG Holdings's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.49% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: PROG Holdings's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.04.

The Basics of Analyst Ratings

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.