Deere & Company (NYSE:DE) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $177.25 price target on the industrial products company’s stock. Vetr‘s price objective suggests a potential upside of 9.89% from the stock’s previous close.
Several other equities analysts have also commented on DE. Wells Fargo & Co reiterated an “outperform” rating and set a $200.00 price objective (up previously from $170.00) on shares of Deere & Company in a research report on Wednesday, January 10th. ValuEngine upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada upgraded shares of Deere & Company from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from $190.00 to $155.00 in a research report on Wednesday, January 10th. Barclays upgraded shares of 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, January 10th. Finally, Robert W. Baird reiterated a “buy” rating and set a $185.00 price objective on shares of Deere & Company in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Deere & Company presently has a consensus rating of “Buy” and a consensus price target of $156.23.
Deere & Company (NYSE DE) opened at $161.30 on Monday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12. Deere & Company has a 12-month low of $106.72 and a 12-month high of $171.96. The firm has a market cap of $52,140.00, a price-to-earnings ratio of 24.26, a P/E/G ratio of 2.32 and a beta of 0.75.
Deere & Company (NYSE:DE) last issued its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The firm had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.91 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. Deere & Company’s revenue for the quarter was up 25.6% on a year-over-year basis. analysts expect that Deere & Company will post 8.15 EPS for the current year.
In other news, insider Cory J. Reed sold 6,416 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $151.54, for a total value of $972,280.64. Following the completion of the sale, the insider now owns 11,383 shares in the company, valued at approximately $1,724,979.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Max A. Guinn sold 11,235 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $168.68, for a total transaction of $1,895,119.80. Following the completion of the sale, the insider now owns 39,406 shares of the company’s stock, valued at approximately $6,647,004.08. The disclosure for this sale can be found here. Insiders sold a total of 187,603 shares of company stock valued at $28,058,143 in the last 90 days. Company insiders own 0.74% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in DE. LeJeune Puetz Investment Counsel LLC purchased a new position in Deere & Company in the 4th quarter worth about $101,000. Icon Wealth Partners LLC purchased a new position in Deere & Company in the 4th quarter worth about $110,000. Cerebellum GP LLC purchased a new position in Deere & Company in the 4th quarter worth about $132,000. TCI Wealth Advisors Inc. increased its stake in Deere & Company by 107.3% in the 4th quarter. TCI Wealth Advisors Inc. now owns 885 shares of the industrial products company’s stock worth $139,000 after buying an additional 458 shares during the period. Finally, Wealthcare Advisory Partners LLC purchased a new position in Deere & Company in the 3rd quarter worth about $144,000. Hedge funds and other institutional investors own 66.84% of the company’s stock.
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About Deere & Company
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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