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Shares of Deere & Company (NYSE:DE) have received an average rating of “Hold” from the nineteen analysts that are currently covering the stock, AmericanBankingNews.com reports. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $86.97.

Deere & Company (NYSE:DE) traded up 0.07% on Friday, hitting $84.95. 427,681 shares of the company’s stock traded hands. Deere & Company has a one year low of $80.76 and a one year high of $94.89. The stock has a 50-day moving average of $87.63 and a 200-day moving average of $89.24. The company has a market cap of $30.743 billion and a P/E ratio of 9.53. Deere & Company also saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 24,493,467 shares, a growth of 16.6% from the July 15th total of 21,003,363 shares. Currently, 6.7% of the company’s shares are short sold. Based on an average trading volume of 3,399,526 shares, the short-interest ratio is presently 7.2 days.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $2.33 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Deere & Company will post $8.38 EPS for the current fiscal year.

A number of analysts have recently weighed in on DE shares. Analysts at Zacks reiterated a “neutral” rating on shares of Deere & Company in a research note on Thursday. They now have a $89.00 price target on the stock. Separately, analysts at Macquarie 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 $88.00. Finally, analysts at Global Hunter Securities reiterated a “neutral” rating on shares of Deere & Company in a research note on Thursday. They now have a $86.00 price target on the stock, down previously from $90.00.

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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