Deere & Company Rating Reiterated by Global Hunter Securities (DE)
Deere & Company (NYSE:DE)‘s stock had its “neutral” rating restated by stock analysts at Global Hunter Securities in a report issued on Thursday. They currently have a $86.00 price objective on the stock, down from their previous price objective of $90.00. Global Hunter Securities’ price target would indicate a potential upside of 1.79% from the company’s current price.
A number of other analysts have also recently weighed in on DE. Analysts at Robert W. Baird reiterated a “neutral” rating on shares of Deere & Company in a research note on Thursday. They now have a $85.00 price target on the stock, down previously from $87.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Deere & Company in a research note on Thursday. They now have a $98.00 price target on the stock, down previously from $104.00. Finally, analysts at William Blair cut their price target on shares of Deere & Company from $80.00 to $75.00 in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $86.82.
Deere & Company (NYSE:DE) traded up 0.14% on Thursday, hitting $84.6066. 3,871,548 shares of the company’s stock traded hands. Deere & Company has a 52 week low of $80.76 and a 52 week high of $94.89. The stock’s 50-day moving average is $87.80 and its 200-day moving average is $89.28. The company has a market cap of $30.779 billion and a price-to-earnings ratio of 9.24. Deere & Company also was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 24,493,467 shares, an increase of 16.6% from the July 15th total of 21,003,363 shares. Approximately 6.7% of the shares of the company are short sold. Based on an average daily trading volume, of 3,399,526 shares, the short-interest ratio is presently 7.2 days.
Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, August 13th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.13. The company had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.75 million. On average, analysts predict that Deere & Company will post $8.40 earnings per share for the current fiscal year.
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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