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Several investment firms have updated their stock ratings and price targets on shares of Deere & Company (NYSE: DE) in the last week:

  • Deere & Company had its price target lowered by analysts at Barclays from $101.00 to $97.00. They now have an “overweight” rating on the stock.
  • Deere & Company had its “outperform” rating reaffirmed by analysts at Credit Suisse. They now have a $98.00 price target on the stock, down previously from $104.00.
  • Deere & Company had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $85.00 price target on the stock, down previously from $87.00.
  • Deere & Company had its “neutral” rating reaffirmed by analysts at Macquarie. They now have a $85.00 price target on the stock, down previously from $88.00.
  • Deere & Company had its price target lowered by analysts at William Blair from $80.00 to $75.00.
  • Deere & Company had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $89.00 price target on the stock. Zacks‘ analyst wrote, “Deere reported third-quarter 2014 earnings of $2.33 per share, down 9% year over year. Earnings, however, beat the Zacks Consensus Estimate of $2.19. Deere’s worldwide total sales dipped 5% year over year to $9.50 billion, surpassing the Zacks Consensus Estimate. Deere expects a 6% drop in equipment sales and lowered its net income projection to $3.1 billion for fiscal 2014. Deere’s long-term outlook remains strong based on increased global demand for food, shelter and infrastructure. Additionally, the company continues to increase dividends and repurchase shares on the basis of strong balance sheet. However, lower commodity prices remain the matter of concern. Thus, we are reaffirming our Neutral recommendation on Deere with a target price of $89.”
  • Deere & Company had its “neutral” rating reaffirmed by analysts at Global Hunter Securities. They now have a $86.00 price target on the stock, down previously from $90.00.

Deere & Company (NYSE:DE) traded up 0.05% on Wednesday, hitting $85.753. The stock had a trading volume of 1,144,468 shares. 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 $87.29 and its 200-day moving average is $89.25. The company has a market cap of $31.034 billion and a price-to-earnings ratio of 9.63.

Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, August 13th. The company reported $2.33 earnings per share for the quarter, beating the analysts’ 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 $8.37 EPS 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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