Deere & Company’s (DE) “Buy” Rating Reiterated at Robert W. Baird
Deere & Company (NYSE:DE)‘s stock had its “buy” rating reissued by equities research analysts at Robert W. Baird in a research report issued on Friday. They currently have a $185.00 price objective on the industrial products company’s stock. Robert W. Baird’s target price points to a potential upside of 9.27% from the company’s current price.
DE has been the subject of a number of other reports. Deutsche Bank upped their target price on Deere & Company from $129.00 to $149.00 and gave the stock a “hold” rating in a research report on Thursday, November 16th. Jefferies Group restated a “hold” rating and issued a $150.00 target price on shares of Deere & Company in a research report on Thursday, November 23rd. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Thursday, November 2nd. Citigroup restated a “buy” rating and issued a $165.00 target price on shares of Deere & Company in a research report on Friday, November 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $155.00 target price (up from $134.00) on shares of Deere & Company in a research report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $146.88.
Shares of Deere & Company (DE) traded up $1.78 during midday trading on Friday, hitting $169.30. The stock had a trading volume of 2,320,000 shares, compared to its average volume of 2,050,000. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12. The firm has a market capitalization of $54,400.00, a P/E ratio of 25.46, a PEG ratio of 2.56 and a beta of 0.77. Deere & Company has a fifty-two week low of $104.10 and a fifty-two week high of $170.73.
In other Deere & Company news, VP Mary K.W. Jones sold 10,220 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $165.06, for a total transaction of $1,686,913.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cory J. Reed sold 6,416 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $151.54, for a total transaction of $972,280.64. Following the sale, the insider now directly owns 11,383 shares in the company, valued at $1,724,979.82. The disclosure for this sale can be found here. Insiders sold 212,767 shares of company stock worth $30,215,798 in the last ninety days. 0.85% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. QCI Asset Management Inc. NY grew its holdings in shares of Deere & Company by 18.8% during the 2nd quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 150 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Deere & Company during the 3rd quarter valued at $144,000. Harfst & Associates Inc. grew its holdings in shares of Deere & Company by 44.2% during the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 360 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Deere & Company by 1.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 13 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new position in shares of Deere & Company during the 2nd quarter valued at $155,000. 67.36% of the stock is currently owned by institutional investors.
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About Deere & Company
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.
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