Argo Group (ARGO) Stock Forecast, Price Target & Predictions
ARGO Stock Forecast
Argo Group stock forecast is as follows: an average price target of $45.25 (represents a 50.88% upside from ARGO’s last price of $29.99) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.
ARGO Price Target
The average price target for Argo Group (ARGO) is $45.25 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $45.50 to $45.00. This represents a potential 50.88% upside from ARGO's last price of $29.99.
ARGO Analyst Ratings
According to 3 Wall Street analysts, Argo Group's rating consensus is 'Hold'. The analyst rating breakdown for ARGO stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 2 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Argo Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 12, 2022 | Casey Alexander | Compass Point | $45.50 | $34.30 | 32.65% | 51.72% |
| Jul 08, 2022 | Gregory Peters | Raymond James | $45.00 | $35.76 | 25.84% | 50.05% |
The latest Argo Group stock forecast, released on Jul 12, 2022 by Casey Alexander from Compass Point, set a price target of $45.50, which represents a 32.65% increase from the stock price at the time of the forecast ($34.30), and a 51.72% increase from ARGO last price ($29.99).
Argo Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $29.99 | $29.99 | $29.99 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Argo Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Argo Group's last price of $29.99. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jan 04, 2023 | Roth Capital | - | Neutral | Upgrade |
| Jul 12, 2022 | Compass Point | Buy | Buy | Hold |
| Apr 26, 2022 | Zacks Investment Research | - | Hold | Downgrade |
Argo Group's last stock rating was published by Roth Capital on Jan 04, 2023. The company Upgrade its ARGO rating from "null" to "Neutral".
Argo Group Financial Forecast
Argo Group Revenue Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | $378.40M | $364.30M | $399.00M | $371.70M | $9.10M | $453.50M | $480.90M | $533.50M | $529.60M | $543.30M | $522.30M | $516.50M | $471.90M | $450.60M | $439.50M | $487.90M | $489.00M | $493.90M | $508.50M | $400.40M | $500.60M | $468.80M | $432.10M | $453.50M | $439.10M | $446.40M |
| Avg Forecast | $819.67M | $728.60M | $507.83M | $367.80M | $318.65M | $349.25M | $405.00M | $543.54M | $516.67M | $403.40M | $419.69M | $494.13M | $469.70M | $366.73M | $448.27M | $516.50M | $616.51M | $1.03B | $326.33M | $487.90M | $500.11M | $421.52M | $465.41M | $58.24M | $404.90M | $449.06M | $329.22M | $89.08M | $449.68M | $348.51M |
| High Forecast | $914.75M | $813.11M | $609.40M | $367.80M | $357.80M | $389.76M | $451.98M | $652.25M | $620.00M | $484.08M | $468.38M | $592.96M | $524.18M | $409.26M | $500.27M | $619.80M | $688.03M | $1.15B | $364.18M | $585.48M | $558.12M | $470.41M | $519.39M | $65.00M | $451.86M | $501.15M | $367.41M | $106.90M | $501.84M | $388.93M |
| Low Forecast | $724.60M | $644.09M | $406.26M | $367.80M | $357.80M | $308.74M | $358.02M | $434.83M | $413.34M | $322.72M | $371.01M | $395.30M | $415.22M | $324.19M | $396.27M | $413.20M | $545.00M | $910.48M | $288.48M | $390.32M | $442.10M | $372.63M | $411.42M | $51.48M | $357.93M | $396.97M | $291.03M | $71.26M | $397.52M | $308.08M |
| # Analysts | - | - | 1 | 1 | 1 | - | 9 | 15 | 20 | 12 | 3 | 8 | 4 | 5 | 4 | 8 | 4 | 9 | 9 | 12 | 5 | 5 | 5 | 6 | 9 | 9 | 11 | 19 | 16 | 7 |
| Surprise % | - | - | - | - | 1.19% | 1.04% | 0.99% | 0.68% | 0.02% | 1.12% | 1.15% | 1.08% | 1.13% | 1.48% | 1.17% | 1.00% | 0.77% | 0.44% | 1.35% | 1.00% | 0.98% | 1.17% | 1.09% | 6.88% | 1.24% | 1.04% | 1.31% | 5.09% | 0.98% | 1.28% |
Argo Group's average Quarter revenue forecast for Dec 23 based on 1 analysts is $367.80M, with a low forecast of $367.80M, and a high forecast of $367.80M. ARGO's average Quarter revenue forecast represents a -2.80% decrease compared to the company's last Quarter revenue of $378.40M (Sep 23).
Argo Group EBITDA Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | 1 | 1 | 1 | - | 9 | 15 | 20 | 12 | 3 | 8 | 4 | 5 | 4 | 8 | 4 | 9 | 9 | 12 | 5 | 5 | 5 | 6 | 9 | 9 | 11 | 19 | 16 | 7 |
| EBITDA | - | - | - | - | $-29.30M | $-24.70M | $-29.50M | $-150.18M | $-31.50M | $7.10M | $23.70M | $-112.60M | $47.40M | $96.30M | $39.20M | $13.00M | $-12.00M | $21.60M | $-8.90M | $-88.10M | $-12.10M | $46.00M | $115.30M | $-42.70M | $62.50M | $72.60M | $38.80M | $29.00M | $-49.90M | $65.40M |
| Avg Forecast | $1.95M | $1.73M | $25.03M | $-204.92M | $756.72K | $60.42M | $22.75M | $-186.29M | $1.23M | $54.93M | $20.68M | $-169.36M | $1.12M | $49.93M | $1.06M | $8.67M | $-15.68M | $30.38M | $-5.81M | $-88.10M | $-12.37M | $38.10M | $104.62M | $-187.35M | $47.73M | $69.41M | $26.68M | $80.67M | $-51.07M | $47.03M |
| High Forecast | $2.17M | $1.93M | $30.03M | $-163.94M | $849.69K | $72.50M | $27.30M | $-149.04M | $1.47M | $65.91M | $24.82M | $-135.49M | $1.24M | $59.92M | $1.19M | $10.40M | $-12.54M | $36.45M | $-4.65M | $-70.48M | $-9.90M | $45.72M | $125.55M | $-149.88M | $57.27M | $83.29M | $32.01M | $96.81M | $-40.86M | $56.44M |
| Low Forecast | $1.72M | $1.53M | $20.02M | $-245.91M | $849.69K | $48.34M | $18.20M | $-223.55M | $981.57K | $43.94M | $16.55M | $-203.23M | $986.04K | $39.95M | $941.06K | $6.93M | $-18.81M | $24.30M | $-6.98M | $-105.72M | $-14.84M | $30.48M | $83.70M | $-224.82M | $38.18M | $55.53M | $21.34M | $64.54M | $-61.29M | $37.62M |
| Surprise % | - | - | - | - | -38.72% | -0.41% | -1.30% | 0.81% | -25.67% | 0.13% | 1.15% | 0.66% | 42.50% | 1.93% | 36.82% | 1.50% | 0.77% | 0.71% | 1.53% | 1.00% | 0.98% | 1.21% | 1.10% | 0.23% | 1.31% | 1.05% | 1.45% | 0.36% | 0.98% | 1.39% |
20 analysts predict ARGO's average Quarter EBITDA for Sep 22 to be $1.23M, with a high of $1.47M and a low of $981.57K. This is -82.72% lower than Argo Group's previous annual EBITDA (Jun 22) of $7.10M.
Argo Group Net Income Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | 1 | 1 | 1 | - | 9 | 15 | 20 | 12 | 3 | 8 | 4 | 5 | 4 | 8 | 4 | 9 | 9 | 12 | 5 | 5 | 5 | 6 | 9 | 9 | 11 | 19 | 16 | 7 |
| Net Income | - | - | - | - | $-46.90M | $-18.90M | $-33.80M | $-109.20M | $-48.80M | $-16.20M | $-1.00M | $-115.30M | $22.40M | $69.80M | $29.80M | $700.00K | $-29.60M | $-6.40M | $-18.80M | $-103.30M | $-25.10M | $28.80M | $91.20M | $-43.60M | $40.60M | $41.80M | $24.80M | $28.90M | $-61.30M | $46.00M |
| Avg Forecast | $54.22M | $47.23M | $-1.06M | $-187.65M | $365.90M | $43.79M | $-960.00K | $-170.59M | $332.64M | $39.81M | $-872.73K | $-155.08M | $302.40M | $36.19M | $117.14K | $466.67K | $-38.67M | $-9.00M | $-12.28M | $-103.30M | $-25.66M | $23.85M | $82.76M | $-191.29M | $31.00M | $39.96M | $17.05M | $80.39M | $-62.74M | $33.08M |
| High Forecast | $59.38M | $51.73M | $-844.80K | $-150.12M | $439.08M | $52.55M | $-768.00K | $-136.47M | $399.17M | $47.77M | $-698.18K | $-124.06M | $362.88M | $43.43M | $128.29K | $560.00K | $-30.94M | $-7.20M | $-9.82M | $-82.64M | $-20.53M | $28.63M | $99.31M | $-153.04M | $37.20M | $47.96M | $20.46M | $96.47M | $-50.19M | $39.69M |
| Low Forecast | $49.06M | $42.73M | $-1.27M | $-225.17M | $292.72M | $35.03M | $-1.15M | $-204.70M | $266.11M | $31.85M | $-1.05M | $-186.09M | $241.92M | $28.95M | $105.98K | $373.33K | $-46.41M | $-10.80M | $-14.74M | $-123.96M | $-30.79M | $19.08M | $66.20M | $-229.55M | $24.80M | $31.97M | $13.64M | $64.32M | $-75.29M | $26.46M |
| Surprise % | - | - | - | - | -0.13% | -0.43% | 35.21% | 0.64% | -0.15% | -0.41% | 1.15% | 0.74% | 0.07% | 1.93% | 254.41% | 1.50% | 0.77% | 0.71% | 1.53% | 1.00% | 0.98% | 1.21% | 1.10% | 0.23% | 1.31% | 1.05% | 1.45% | 0.36% | 0.98% | 1.39% |
Argo Group's average Quarter net income forecast for Dec 21 is $-155.08M, with a range of $-186.09M to $-124.06M. ARGO's average Quarter net income forecast represents a -792.32% decrease compared to the company's last Quarter net income of $22.40M (Sep 21).
Argo Group SG&A Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | 1 | 1 | 1 | - | 9 | 15 | 20 | 12 | 3 | 8 | 4 | 5 | 4 | 8 | 4 | 9 | 9 | 12 | 5 | 5 | 5 | 6 | 9 | 9 | 11 | 19 | 16 | 7 |
| SG&A | - | - | - | - | - | - | $75.30M | $85.10M | $83.80M | $83.20M | $90.30M | $98.00M | $93.70M | $95.60M | $97.20M | $106.30M | $92.50M | $95.80M | $102.20M | $135.70M | $92.90M | $99.00M | $89.10M | $90.10M | $83.20M | $90.60M | $87.80M | $92.70M | $89.70M | $88.00M |
| Avg Forecast | $97.24M | $86.43M | $95.36M | $158.26M | $37.80M | $59.98M | $86.69M | $143.87M | $61.29M | $54.53M | $78.81M | $130.79M | $55.72M | $49.57M | $53.18M | $70.87M | $120.85M | $134.72M | $66.76M | $135.70M | $94.96M | $82.00M | $80.85M | $6.91M | $63.53M | $86.62M | $60.36M | $10.57M | $91.81M | $63.28M |
| High Forecast | $108.52M | $96.46M | $114.43M | $189.91M | $42.45M | $71.98M | $104.03M | $172.64M | $73.55M | $65.43M | $94.57M | $156.95M | $62.18M | $59.48M | $59.35M | $85.04M | $145.02M | $161.66M | $80.11M | $162.84M | $113.96M | $98.40M | $97.02M | $7.71M | $76.24M | $103.94M | $72.44M | $12.68M | $110.17M | $75.94M |
| Low Forecast | $85.96M | $76.41M | $76.29M | $126.60M | $42.45M | $47.98M | $69.35M | $115.09M | $49.03M | $43.62M | $63.05M | $104.63M | $49.26M | $39.66M | $47.01M | $56.69M | $96.68M | $107.78M | $53.41M | $108.56M | $75.97M | $65.60M | $64.68M | $6.11M | $50.83M | $69.29M | $48.29M | $8.45M | $73.45M | $50.62M |
| Surprise % | - | - | - | - | - | - | 0.87% | 0.59% | 1.37% | 1.53% | 1.15% | 0.75% | 1.68% | 1.93% | 1.83% | 1.50% | 0.77% | 0.71% | 1.53% | 1.00% | 0.98% | 1.21% | 1.10% | 13.04% | 1.31% | 1.05% | 1.45% | 8.77% | 0.98% | 1.39% |
Argo Group's average Quarter SG&A projection for Jun 23 is $59.98M, based on 0 Wall Street analysts, with a range of $47.98M to $71.98M. The forecast indicates a -20.35% fall compared to ARGO last annual SG&A of $75.30M (Mar 23).
Argo Group EPS Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | 1 | 1 | 1 | - | 9 | 15 | 20 | 12 | 3 | 8 | 4 | 5 | 4 | 8 | 4 | 9 | 9 | 12 | 5 | 5 | 5 | 6 | 9 | 9 | 11 | 19 | 16 | 7 |
| EPS | - | - | - | - | $-1.33 | - | $-0.96 | $-3.11 | $-1.39 | $-0.46 | $-0.03 | $-3.30 | $0.57 | $1.93 | $0.78 | $-0.57 | $-0.91 | $-0.18 | $-0.55 | $-3.01 | $-0.73 | $0.84 | $2.68 | $-1.29 | $1.20 | $1.23 | $0.73 | $0.85 | $-1.77 | $1.32 |
| Avg Forecast | $1.54 | $1.34 | $1.58 | $0.63 | $0.40 | $0.40 | $0.80 | $1.95 | $-2.13 | $1.18 | $1.07 | $1.89 | $-0.07 | $0.93 | - | $-0.26 | $-0.71 | $-0.43 | $0.14 | $-2.15 | $-0.43 | $0.25 | $0.88 | $0.06 | $0.49 | $0.91 | $0.80 | $-0.31 | $-1.70 | $0.89 |
| High Forecast | $1.69 | $1.47 | $1.73 | $0.69 | $0.54 | $0.44 | $0.88 | $2.14 | $-2.33 | $1.29 | $1.17 | $2.07 | $-0.08 | $1.02 | - | $-0.21 | $-0.78 | $-0.47 | $0.15 | $-1.72 | $-0.47 | $0.27 | $0.96 | $0.07 | $0.54 | $1.00 | $0.88 | $-0.24 | $-1.86 | $0.97 |
| Low Forecast | $1.39 | $1.21 | $1.43 | $0.57 | $0.49 | $0.36 | $0.72 | $1.77 | $-1.93 | $1.07 | $0.97 | $1.71 | $-0.06 | $0.84 | - | $-0.31 | $-0.64 | $-0.39 | $0.13 | $-2.58 | $-0.39 | $0.23 | $0.80 | $0.05 | $0.44 | $0.82 | $0.72 | $-0.37 | $-1.54 | $0.81 |
| Surprise % | - | - | - | - | -3.30% | - | -1.20% | -1.59% | 0.65% | -0.39% | -0.03% | -1.74% | -8.14% | 2.08% | 234.23% | 2.19% | 1.28% | 0.42% | -3.93% | 1.40% | 1.70% | 3.36% | 3.05% | -21.50% | 2.45% | 1.35% | 0.91% | -2.75% | 1.04% | 1.49% |
According to 8 Wall Street analysts, Argo Group's projected average Quarter EPS for Dec 21 is $1.89, with a low estimate of $1.71 and a high estimate of $2.07. This represents a 231.85% increase compared to ARGO previous annual EPS of $0.57 (Sep 21).
Argo Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ARGO | Argo Group | $29.99 | $45.25 | 50.88% | Hold |
| PRA | ProAssurance | $13.00 | $18.50 | 42.31% | Buy |
| KMPR | Kemper | $60.01 | $71.00 | 18.31% | Buy |
| HMN | Horace Mann Educators | $33.98 | $38.50 | 13.30% | Strong Buy |
| SIGI | Selective Insurance Group | $90.95 | $92.20 | 1.37% | Hold |
| RLI | RLI | $151.63 | $152.67 | 0.69% | Buy |
ARGO Forecast FAQ
Is Argo Group a good buy?
No, according to 3 Wall Street analysts, Argo Group (ARGO) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of ARGO's total ratings.
What is ARGO's price target?
Argo Group (ARGO) average price target is $45.25 with a range of $45 to $45.5, implying a 50.88% from its last price of $29.99. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Argo Group stock go up soon?
According to Wall Street analysts' prediction for ARGO stock, the company can go up by 50.88% (from the last price of $29.99 to the average price target of $45.25), up by 51.72% based on the highest stock price target, and up by 50.05% based on the lowest stock price target.
Can Argo Group stock reach $40?
ARGO's average twelve months analyst stock price target of $45.25 supports the claim that Argo Group can reach $40 in the near future.
What are Argo Group's analysts' financial forecasts?
ARGO's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $1.44B (high $1.57B, low $1.39B), average EBITDA is $-121M (high $-63.284M, low $-179M), average net income is $221.09M (high $340.75M, low $101.43M), average SG&A $342.72M (high $408.35M, low $286.38M), and average EPS is $2.23 (high $2.54, low $2.15).
Did the ARGO's actual financial results beat the analysts' financial forecasts?
Based on Argo Group's last annual report (Dec 2022), the company's revenue was $5M, which missed the average analysts forecast of $1.88B by -99.73%. Apple's EBITDA was $-151M, beating the average prediction of $-109M by 37.84%. The company's net income was $-175M, missing the average estimation of $200.99M by -187.17%. Apple's SG&A was $342.4M, beating the average forecast of $338.5M by 1.15%. Lastly, the company's EPS was $-5.01, missing the average prediction of $2.07 by -341.57%. In terms of the last quarterly report (Sep 2023), Argo Group's revenue was $378.4M, beating the average analysts' forecast of $318.65M by 18.75%. The company's EBITDA was $-29.3M, missing the average prediction of $756.72K by -3971.99%. Argo Group's net income was $-46.9M, missing the average estimation of $365.9M by -112.82%. The company's SG&A was $0, missing the average forecast of $37.8M by -100.00%. Lastly, the company's EPS was $-1.33, missing the average prediction of $0.403 by -430.02%