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Investment analysts at UBS AG boosted their target price on shares of Deere & Co. (NYSE:DE) to $75.00 in a note issued to investors on Thursday, AnalystRatings.NET reports. The firm currently has a “sell” rating on the stock. UBS AG’s target price indicates a potential downside of 13.59% from the stock’s previous close.

Deere & Co. (NYSE:DE) traded down 1.33% during mid-day trading on Thursday, hitting $85.74. 2,295,720 shares of the company’s stock traded hands. Deere & Co. has a 52 week low of $79.50 and a 52 week high of $93.88. The stock has a 50-day moving average of $88.24 and a 200-day moving average of $84.91. The company has a market cap of $31.937 billion and a P/E ratio of 9.56. Deere & Co. also saw some unusual options trading activity on Monday. Stock investors bought 7,058 put options on the stock. This is an increase of approximately 122% compared to the typical volume of 3,186 put options.

Deere & Co. (NYSE:DE) last released its earnings data on Tuesday, February 11th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.29. The company had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that Deere & Co. will post $8.34 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Deere & Co. from $93.00 to $101.00 in a research note on Monday, January 13th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Deere & Co. in a research note on Friday, December 20th. They now have a $94.00 price target on the stock. Finally, analysts at BMO Capital Markets downgraded shares of Deere & Co. from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th. They now have a $84.00 price target on the stock. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $90.96.

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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