Goldman Sachs Group, Inc. (The) assumed coverage on shares of Deere & Company (NYSE:DE) in a research note issued on Tuesday. The firm set a “buy” rating on the industrial products company’s stock.

A number of other research analysts have also weighed in on DE. UBS AG restated a “neutral” rating and issued a $122.00 price objective (up previously from $112.00) on shares of Deere & in a report on Monday, May 22nd. Credit Suisse Group set a $132.00 price objective on Deere & and gave the company a “buy” rating in a report on Saturday, May 20th. Barclays PLC set a $100.00 price objective on Deere & and gave the company a “sell” rating in a report on Sunday, June 4th. BidaskClub lowered Deere & from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $128.00 price target on shares of Deere & in a report on Thursday, April 20th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $122.60.

Deere & (DE) traded up 0.62% during trading on Tuesday, hitting $130.76. 113,838 shares of the stock traded hands. Deere & has a 52-week low of $76.73 and a 52-week high of $130.86. The stock has a market cap of $41.83 billion, a P/E ratio of 23.54 and a beta of 0.67. The stock has a 50 day moving average price of $125.86 and a 200-day moving average price of $115.48. Deere & also saw some unusual options trading on Monday. Investors acquired 731 call options on the company. This represents an increase of approximately 255% compared to the typical daily volume of 206 call options.

Deere & (NYSE:DE) last announced its quarterly earnings data on Friday, May 19th. The industrial products company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.79. The company had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.27 billion. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 EPS. On average, analysts anticipate that Deere & will post $6.37 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Deere & Company (NYSE:DE) Earns Buy Rating from Analysts at Goldman Sachs Group, Inc. (The)” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/08/08/deere-company-nysede-earns-buy-rating-from-analysts-at-goldman-sachs-group-inc-the.html.

In other Deere & news, insider Jean H. Gilles sold 12,361 shares of Deere & stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $129.90, for a total value of $1,605,693.90. Following the completion of the transaction, the insider now directly owns 74,981 shares of the company’s stock, valued at approximately $9,740,031.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Samuel R. Allen sold 62,704 shares of Deere & stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $125.00, for a total value of $7,838,000.00. Following the completion of the transaction, the chief executive officer now directly owns 333,492 shares of the company’s stock, valued at $41,686,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,973 shares of company stock valued at $14,754,717. 0.75% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Ledyard National Bank increased its position in Deere & by 5.0% in the first quarter. Ledyard National Bank now owns 1,050 shares of the industrial products company’s stock valued at $114,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in Deere & by 1.4% in the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock valued at $123,000 after buying an additional 16 shares in the last quarter. Arrow Financial Corp increased its position in Deere & by 5.2% in the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after buying an additional 50 shares in the last quarter. MCF Advisors LLC increased its position in Deere & by 26.2% in the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock valued at $126,000 after buying an additional 241 shares in the last quarter. Finally, Endurance Wealth Management Inc. increased its position in Deere & by 2.2% in the first quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock valued at $153,000 after buying an additional 30 shares in the last quarter. 67.35% of the stock is owned by institutional investors.

About Deere &

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

Analyst Recommendations for Deere & (NYSE:DE)

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.