PROG (NYSE:PRG) Given New $50.00 Price Target at TD Cowen

PROG (NYSE:PRG) had its price target raised by analysts at TD Cowen from $45.00 to $50.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the fintech holding company’s stock. TD Cowen’s price target points to a potential upside of 15.73% from the company’s current price.

PRG has been the topic of several other reports. Zacks Research cut PROG from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Raymond James Financial reiterated an “outperform” rating and set a $45.00 price objective on shares of PROG in a research report on Thursday, April 30th. Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Loop Capital cut PROG from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research report on Wednesday, July 1st. Finally, B. Riley Financial restated a “buy” rating on shares of PROG in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.25.

PROG Stock Performance

Shares of PRG traded down $0.04 during mid-day trading on Tuesday, hitting $43.20. 42,599 shares of the company traded hands, compared to its average volume of 522,983. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.41 and a current ratio of 4.27. The stock has a 50-day moving average price of $37.15 and a two-hundred day moving average price of $33.57. PROG has a 1 year low of $25.80 and a 1 year high of $47.60. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 11.80 and a beta of 1.78.

PROG (NYSE:PRG) last issued its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.46. PROG had a net margin of 5.88% and a return on equity of 21.94%. The company had revenue of $742.67 million for the quarter, compared to the consensus estimate of $732.70 million. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Equities analysts anticipate that PROG will post 4.7 earnings per share for the current year.

Institutional Trading of PROG

Several hedge funds have recently bought and sold shares of PRG. Quarry LP raised its stake in shares of PROG by 82.8% in the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock worth $33,000 after buying an additional 506 shares during the period. Global Assets Advisory LLC purchased a new stake in PROG in the 1st quarter worth approximately $38,000. Federation des caisses Desjardins du Quebec purchased a new stake in PROG in the 4th quarter worth approximately $44,000. GAMMA Investing LLC raised its stake in PROG by 45.3% during the 4th quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock worth $53,000 after acquiring an additional 563 shares during the period. Finally, WealthCollab LLC raised its stake in PROG by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock worth $61,000 after acquiring an additional 800 shares during the period. 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.