Deere & Company (NYSE:DE) Cut to Sell at Wall Street Zen

Deere & Company (NYSE:DE) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other equities research analysts also recently issued reports on DE. Bank of America reduced their price objective on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research report on Friday, May 22nd. DA Davidson cut their target price on Deere & Company from $775.00 to $685.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $752.00 target price on shares of Deere & Company in a report on Monday, June 1st. JPMorgan Chase & Co. increased their price target on Deere & Company from $560.00 to $590.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. Finally, Raymond James Financial cut their price objective on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $639.58.

Deere & Company Price Performance

Shares of NYSE:DE opened at $613.45 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. The stock’s fifty day simple moving average is $574.51 and its two-hundred day simple moving average is $557.28. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The stock has a market cap of $165.59 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 2.33 and a beta of 0.92.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.70 by $0.85. The firm had revenue of $13.37 billion during the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.64 EPS. As a group, analysts forecast that Deere & Company will post 18.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Deere & Company

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Deere & Company by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 22,583,185 shares of the industrial products company’s stock worth $10,514,053,000 after buying an additional 198,332 shares during the last quarter. State Street Corp lifted its position in shares of Deere & Company by 0.9% during the 4th quarter. State Street Corp now owns 10,485,949 shares of the industrial products company’s stock valued at $4,898,717,000 after buying an additional 97,049 shares during the last quarter. Capital World Investors grew its stake in shares of Deere & Company by 53.9% during the 4th quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock worth $4,465,906,000 after acquiring an additional 3,358,264 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Deere & Company by 2.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,692,877 shares of the industrial products company’s stock worth $3,581,574,000 after acquiring an additional 158,584 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Deere & Company by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 5,600,552 shares of the industrial products company’s stock worth $2,609,149,000 after acquiring an additional 17,269 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Key Stories Impacting Deere & Company

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere raised full-year net income guidance, expanded its share repurchase program, and highlighted AI-enabled efficiency investments, all of which support the case for stronger margins and shareholder returns. Deere (DE) Is Up 7.0% After Raising Guidance, Expanding Buybacks And Highlighting AI Efficiency Investments
• Positive Sentiment: RBC Capital and Freedom Broker raised price targets on Deere after strong quarterly earnings, signaling Wall Street sees continued upside following the company’s latest results. RBC Capital and Freedom Broker Raise Price Targets on Deere (DE) After Strong Quarterly Earnings
• Positive Sentiment: Deere continues to be viewed as a long-term winner in agtech, robotics, and automation, reinforcing the investment case for its precision-farming and technology-driven business model. Is Deere & Co. (DE) Amongst the Best Robotics and Automation Stocks to Look at
• Neutral Sentiment: Deere and other ag-related companies are being highlighted in articles about agtech and food innovation, which supports the long-term theme but does not appear to be a direct stock-moving catalyst. 3 AgTech & Food Innovation Stocks Driving Agriculture’s Future
• Neutral Sentiment: Some commentary suggests Deere may be near an agricultural-cycle bottom in 2026, which could eventually help the stock if farm conditions improve, but that recovery is still forward-looking. Deere Expects 2026 to Mark the Bottom of the Agriculture Cycle, RBC Says
• Negative Sentiment: Near-term sentiment is being capped by concerns that Deere’s agriculture business is still working through a cyclical downturn, even as investors look for signs that demand has stabilized. How CAT Stock Doubles Again To Reach $2,000

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.