Progress Software Corporation (NASDAQ:PRGS): Broker Rating in Focus

Investors might be interested in how sell-side analysts are considering shares of Progress Software Corporation (NASDAQ:PRGS). Taking a peek at the current consensus rating, we can see that the ABR is 2.5. This average rating is provided by Zacks Research. This simplified scale ranges from one to five which translates brokerage enterprise Buy/Sell/Hold recommendations into an average analyst rating. A low number in the 1-2 range typically shows a Buy, 3 represents a Hold and 4-5 shows a consensus Sell rating. In terms of the number of analysts that have the stock pegged as a Buy or Strong Buy, we note that the number is right now 1.

Investors may be surveying at all the alternate factors that come into play when searching for those next stocks to add to the portfolio. Maybe there are some names that have been on the radar, but the timing hasn’t been right to add them into the mix. As we get closer to the end of the year, investors may be surveying back at individual stock performance over the past year. They may uncloak some great opportunities that weren’t available during the last review. Investors may also be keeping an eye on which sectors were the big winners during the latest earnings timeframe. Branching out into new areas may aid give the investor some alternative ideas for the next few quarters.

Shifting gears, we can see that the current quarter earnings per share consensus estimate for Progress Software Corporation (NASDAQ:PRGS) is .54. This earnings per share estimate is using 1 sell-side analysts polled by Zacks Research. For the prior reporting stage, the enterprise posted a quarterly earnings per share of .6. As we move through earnings timeframe, all eyes will be on the enterprise to see if they can beat expert estimates and show improvement from the last quarter. When a enterprise reports actual earnings numbers, the surprise factor can cause a equity price to realize increased activity. Investors and analysts will be closely watching to see how the earnings results impact the stock after the next release. Many investors will decide to be cautious around earnings releases and delay buy/sell moves until after the equity price has steadied.

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Viewing some faddish support and resistance marks on shares of Progress Software Corporation (NASDAQ:PRGS), we can see that the 52-week high is right now $52.51, and the 52-week low is at present $30.93. When the stock is trading near the 52-week high or 52-week low, investors may be on the lookout for a potential break through the level. Looking at recent action, we can see that the stock has been trading near the $34.46 level. Investors may also want to track historical price activity. Over the past 12 weeks, the stock has changed -18.42%. Looking added back to the beginning of the calendar year, we note that shares have moved -19.05%. Over the previous 4 weeks, shares have seen a change of 4.36%. Over the last 5 trading sessions, the stock has moved -1.85%. Investors will be monitoring stock activity over the next few days to try and gauge which way the momentum is shifting.

Wall Street analysts tracking shares of Progress Software Corporation (NASDAQ:PRGS) have been closely monitor enterprise activities and fundamentals. They Often times create home work reports to help with investment decisions. On a consensus basis, analysts have set a target price of $38 on the stock. This number may be alternate from the First Call consensus target estimate. Analysts that routinely cover the enterprise may use alternate procedures in order to create a future target price. Because of the alternate techniques, price targets may differ greatly from one expert to another.  

It can be very uncomfortable to keep emotions on the sidelines when making necessary investing decisions. Even if all the number crunching is done unemotionally, there may be a tendency for those feelings of excitement or dread to creep in. Once the trade is made, it can be super uncomfortable to make sane decisions when markets go haywire. Investors may have made some trades that didn’t pan out as planned, and they may have the itch to sell quickly in order to stop added losses. Selling a stock just because it is going down or buying a stock just because it is going up, might lead to portfolio struggles in the future. Obtaining a grasp on the bigger picture may aid investors see through the cloudiness and make simpler decisions when the time comes.

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