Deere & Company (DE) Given Average Rating of “Hold” by Analysts

Shares of Deere & Company (NYSE:DE) have received an average recommendation of “Hold” from the twenty-five ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $140.88.

Several equities research analysts have recently issued reports on DE shares. Goldman Sachs Group raised Deere & Company from a “buy” rating to a “conviction-buy” rating and set a $129.75 target price for the company in a research report on Monday, August 7th. Jefferies Group reaffirmed a “hold” rating and set a $125.00 target price on shares of Deere & Company in a research report on Wednesday, August 9th. Deutsche Bank reaffirmed a “hold” rating and set a $139.00 target price (up from $135.00) on shares of Deere & Company in a research report on Friday, August 11th. Bank of America lowered Deere & Company from a “buy” rating to a “neutral” rating and set a $145.00 target price for the company. in a research report on Tuesday, August 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $150.00 target price (up from $140.00) on shares of Deere & Company in a research report on Wednesday, August 16th.

Shares of Deere & Company (NYSE DE) traded up $0.08 during trading on Friday, hitting $149.94. The stock had a trading volume of 2,022,456 shares, compared to its average volume of 2,406,014. Deere & Company has a 1 year low of $100.05 and a 1 year high of $150.75. The stock has a market cap of $48,180.00, a price-to-earnings ratio of 22.50, a PEG ratio of 2.34 and a beta of 0.73. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71.

Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The firm had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.91 billion. During the same period last year, the firm posted $0.90 EPS. The business’s revenue was up 25.6% compared to the same quarter last year. equities analysts forecast that Deere & Company will post 7.77 EPS for the current fiscal year.

In other Deere & Company news, insider John C. May II sold 22,095 shares of Deere & Company stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $127.04, for a total transaction of $2,806,948.80. Following the completion of the transaction, the insider now owns 51,429 shares of the company’s stock, valued at approximately $6,533,540.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rajesh Kalathur sold 4,519 shares of Deere & Company stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total value of $672,969.48. Following the transaction, the chief financial officer now directly owns 36,288 shares of the company’s stock, valued at approximately $5,404,008.96. The disclosure for this sale can be found here. In the last three months, insiders sold 189,766 shares of company stock valued at $25,367,448. 0.75% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of DE. Capital International Investors grew its holdings in Deere & Company by 35.4% during the 3rd quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock valued at $1,106,131,000 after buying an additional 2,300,531 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Deere & Company by 128.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,587,339 shares of the industrial products company’s stock valued at $324,942,000 after buying an additional 1,453,754 shares in the last quarter. Vanguard Group Inc. grew its holdings in Deere & Company by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock valued at $2,668,774,000 after buying an additional 1,153,484 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Deere & Company by 242.6% during the 2nd quarter. Principal Financial Group Inc. now owns 1,450,533 shares of the industrial products company’s stock valued at $179,271,000 after buying an additional 1,027,175 shares in the last quarter. Finally, FMR LLC grew its holdings in Deere & Company by 18.3% during the 2nd quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock valued at $621,943,000 after buying an additional 777,519 shares in the last quarter. 67.75% of the stock is owned by institutional investors and hedge funds.

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Deere & Company Company Profile

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 & Company (NYSE:DE)

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