Analysts fell to the sidelines weighing in on Progressive (NYSE: PGR) and EPR Properties (NYSE: EPR) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
Progressive (NYSE: PGR)
FBR Capital analyst Randy Binner reiterated a Hold rating on Progressive (NYSE: PGR) yesterday. The company’s shares opened today at $41.39, close to its 52-week high of $41.65.
According to TipRanks.com, Binner is a 5-star analyst with an average return of 12.7% and a 72.0% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and State National Companies Inc.
Currently, the analyst consensus on Progressive is Hold and the average price target is $43.50, representing a 5.1% upside.
In a report released today, Deutsche Bank also upgraded the stock to Hold.
EPR Properties (NYSE: EPR)
In a report released yesterday, David Corak from FBR Capital reiterated a Hold rating on EPR Properties (NYSE: EPR), with a price target of $80. The company’s shares opened today at $70.26.
Corak said:
“EPR priced an underwritten public offering of $450 million of 4.5% senior notes due 2027, with an expected close date of May 23, 2017. The company intends to use the net proceeds from its offering to repay the outstanding principal balance of its unsecured revolving credit facility, with the remainder going toward general corporate purposes. Additionally, EPR provided an update on its investment spending progress subsequent to quarter-end within its three primary operating segments.”
According to TipRanks.com, Corak is a 1-star analyst with an average return of -0.6% and a 25.9% success rate. Corak covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Preferred Apartment Communities, and Consolidated-Tomoka Land Co.
Currently, the analyst consensus on EPR Properties is Hold and the average price target is $80, representing a 13.9% upside.
In a report issued on May 3, Ladenburg also reiterated a Hold rating on the stock.
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