Deere & Co. PT Raised to $101.00 (DE)
Equities research analysts at Barclays lifted their price target on shares of Deere & Co. (NYSE:DE) from $93.00 to $101.00 in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target points to a potential upside of 12.84% from the company’s current price.
Shares of Deere & Co. (NYSE:DE) traded down 0.28% on Monday, hitting $89.51. The stock had a trading volume of 2,812,055 shares. Deere & Co. has a 1-year low of $79.50 and a 1-year high of $95.60. The stock has a 50-day moving average of $87.90 and a 200-day moving average of $84.20. The company has a market cap of $33.341 billion and a price-to-earnings ratio of 9.87.
Deere & Co. (NYSE:DE) last announced its earnings results on Wednesday, November 20th. The company reported $2.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.89 by $0.22. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. Analysts expect that Deere & Co. will post $8.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, February 3rd. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Friday, December 27th.
A number of other analysts have also recently weighed in on DE. Analysts at Zacks reiterated a “neutral” rating on shares of Deere & Co. in a research note to investors on Friday, December 20th. They now have a $94.00 price target on the stock. Separately, analysts at BMO Capital Markets downgraded shares of Deere & Co. from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, November 25th. They now have a $84.00 price target on the stock. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $90.58.
Deere & Company (NYSE:DE) along with its subsidiaries, operates in three segments: agriculture and turf, construction and forestry and financial services.
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