Weekly Investment Analysts’ Ratings Changes for Deere & Company (DE)

A number of firms have modified their ratings and price targets on shares of Deere & Company (NYSE: DE) recently:

  • 2/12/2018 – Deere & Company was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $177.25 price target on the stock.
  • 2/5/2018 – Deere & Company was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $177.25 price target on the stock.
  • 2/2/2018 – Deere & Company was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/24/2018 – Deere & Company was given a new $176.00 price target on by analysts at Barclays PLC. They now have an “overweight” rating on the stock.
  • 1/18/2018 – Deere & Company had its “hold” rating reaffirmed by analysts at Seaport Global Securities.
  • 1/17/2018 – Deere & Company had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $184.00 price target on the stock, up previously from $161.00.
  • 1/16/2018 – Deere & Company had its price target raised by analysts at Citigroup Inc from $165.00 to $200.00. They now have a “buy” rating on the stock.
  • 1/12/2018 – Deere & Company had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $185.00 price target on the stock.
  • 1/10/2018 – Deere & Company was upgraded by analysts at Barclays PLC from a “sector perform” rating to an “outperform” rating. They now have a $171.00 price target on the stock.
  • 1/10/2018 – Deere & Company had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $200.00 price target on the stock, up previously from $170.00.
  • 1/10/2018 – Deere & Company was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $155.00 price target on the stock, down previously from $190.00.
  • 12/31/2017 – Deere & Company was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Deere & Company (NYSE DE) opened at $157.29 on Monday. The firm has a market cap of $50,082.22, a PE ratio of 23.69, a PEG ratio of 2.32 and a beta of 0.75. Deere & Company has a 1-year low of $106.72 and a 1-year high of $171.96. 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 posted its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. During the same quarter last year, the firm posted $0.90 earnings per share. Deere & Company’s revenue for the quarter was up 25.6% compared to the same quarter last year. research analysts anticipate that Deere & Company will post 8.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, December 29th were issued a $0.60 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.40 annualized dividend and a yield of 1.53%. Deere & Company’s payout ratio is 36.14%.

In related news, insider Max A. Guinn sold 11,235 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $168.68, for a total value of $1,895,119.80. Following the transaction, the insider now owns 39,406 shares in the company, valued at $6,647,004.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mary K.W. Jones sold 34,136 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $124.72, for a total transaction of $4,257,441.92. The disclosure for this sale can be found here. Insiders sold 187,603 shares of company stock worth $28,058,143 in the last 90 days. 0.74% of the stock is currently owned by insiders.

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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