Deere & Company Target of Unusually High Options Trading (DE)
Deere & Company (NYSE:DE) was the target of unusually large options trading activity on Thursday. Traders bought 24,067 put options on the stock, Analyst Ratings News reports. This represents an increase of approximately 138% compared to the typical volume of 10,094 put options.
DE has been the subject of a number of recent research reports. Analysts at Macquarie downgraded shares of Deere & Company from a “neutral” rating to an “underperform” rating in a research note on Friday, August 22nd. They now have a $75.00 price target on the stock, down previously from $85.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Deere & Company in a research note on Thursday, August 14th. They now have a $89.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $86.19.
Shares of Deere & Company (NYSE:DE) traded up 0.14% during mid-day trading on Thursday, hitting $83.97. The stock had a trading volume of 2,295,610 shares. Deere & Company has a 52-week low of $80.76 and a 52-week high of $94.89. The stock has a 50-day moving average of $86.46 and a 200-day moving average of $89.23. The company has a market cap of $30.389 billion and a P/E ratio of 9.42.
Deere & Company (NYSE:DE) last announced its earnings results 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. On average, analysts predict that Deere & Company will post $8.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 3rd. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Friday, September 26th.
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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