Deere & Company (NYSE:DE)‘s stock had its “buy” rating restated by Robert W. Baird in a report released on Friday. They presently have a $185.00 target price on the industrial products company’s stock. Robert W. Baird’s target price suggests a potential upside of 10.47% from the stock’s current price.
Other equities analysts have also issued reports about the company. Royal Bank of Canada raised Deere & Company from a “sector perform” rating to an “outperform” rating and lowered their target price for the company from $190.00 to $155.00 in a report on Wednesday. Wells Fargo & Co reiterated an “outperform” rating and set a $200.00 price objective (up from $170.00) on shares of Deere & Company in a research report on Wednesday. Barclays upgraded Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 price objective for the company in a research report on Wednesday. Jefferies Group reiterated a “hold” rating and set a $150.00 price objective on shares of Deere & Company in a research report on Thursday, November 23rd. Finally, BMO Capital Markets boosted their price objective on Deere & Company to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $146.88.
Shares of Deere & Company (NYSE:DE) opened at $167.46 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.12 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $53,800.00, a PE ratio of 25.18, a P/E/G ratio of 2.46 and a beta of 0.77. Deere & Company has a fifty-two week low of $103.99 and a fifty-two week high of $168.44.
Deere & Company (NYSE:DE) last posted its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. The company had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The business’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. equities analysts anticipate that Deere & Company will post 7.95 EPS for the current year.
In other Deere & Company news, VP Marc A. Howze sold 7,731 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $151.76, for a total value of $1,173,256.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mary K.W. Jones sold 10,220 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $165.06, for a total value of $1,686,913.20. The disclosure for this sale can be found here. Insiders sold 212,767 shares of company stock valued at $30,215,798 over the last 90 days. 0.75% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the company. Rockland Trust Co. acquired a new stake in shares of Deere & Company during the 4th quarter valued at $208,000. First National Bank Sioux Falls acquired a new stake in shares of Deere & Company during the 4th quarter valued at $237,000. Windward Capital Management Co. CA lifted its position in shares of Deere & Company by 20.6% during the 4th quarter. Windward Capital Management Co. CA now owns 9,628 shares of the industrial products company’s stock valued at $1,507,000 after acquiring an additional 1,642 shares during the last quarter. DnB Asset Management AS lifted its position in shares of Deere & Company by 3.6% during the 4th quarter. DnB Asset Management AS now owns 37,416 shares of the industrial products company’s stock valued at $5,856,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Progressive Investment Management Corp lifted its position in shares of Deere & Company by 3.6% during the 4th quarter. Progressive Investment Management Corp now owns 33,038 shares of the industrial products company’s stock valued at $5,171,000 after acquiring an additional 1,152 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.
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Deere & Company Company Profile
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
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