KeyCorp Increases PROG (NYSE:PRG) Price Target to $50.00

PROG (NYSE:PRG) had its price objective increased by investment analysts at KeyCorp from $45.00 to $50.00 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the fintech holding company’s stock. KeyCorp’s target price points to a potential upside of 13.95% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Stephens lifted their target price on PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a report on Thursday, April 30th. TD Cowen upped their price target on PROG from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Wall Street Zen downgraded PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $45.00 target price on shares of PROG in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.44.

PROG Stock Performance

NYSE:PRG opened at $43.88 on Thursday. The company has a market cap of $1.76 billion, a P/E ratio of 12.12 and a beta of 1.78. The firm’s 50 day moving average is $41.19 and its two-hundred day moving average is $35.44. PROG has a fifty-two week low of $25.80 and a fifty-two week high of $47.73. The company has a quick ratio of 2.41, a current ratio of 4.03 and a debt-to-equity ratio of 1.10.

PROG (NYSE:PRG) last announced its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.24. The company had revenue of $719.72 million during the quarter, compared to analysts’ expectations of $713.50 million. PROG had a net margin of 5.57% and a return on equity of 21.88%. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. Analysts expect that PROG will post 4.99 EPS for the current year.

Institutional Trading of PROG

Large investors have recently added to or reduced their stakes in the stock. Quarry LP lifted its stake in shares of PROG by 82.8% during the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock worth $33,000 after purchasing an additional 506 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of PROG in the first quarter valued at about $38,000. Federation des caisses Desjardins du Quebec acquired a new stake in shares of PROG in the fourth quarter valued at about $44,000. WealthCollab LLC raised its holdings in shares of PROG by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock valued at $61,000 after buying an additional 800 shares during the period. Finally, Strs Ohio purchased a new stake in shares of PROG during the 1st quarter valued at about $129,000. 97.92% of the stock is currently owned by institutional investors and hedge funds.

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.