Deere & (DE) Receiving Somewhat Positive News Coverage, Study Shows
Press coverage about Deere & (NYSE:DE) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Deere & earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.5519981222033 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- BRIEF-U.S. CPSC says John Deere recalls lawn tractors, service part transmissions (reuters.com)
- John Deere Recalls Lawn Tractors and Service Part Transmissions Due To Crash … (prnewswire.com)
- Deere Didn’t Change Its Final Dividend in Fiscal 2017 (finance.yahoo.com)
- Deere & Co. breached its 50 day moving average in a Bullish Manner : DE-US : September 20, 2017 (finance.yahoo.com)
- Did Deere’s Dividend Growth Hamper Its Dividend Yield? (finance.yahoo.com)
Shares of Deere & (DE) traded up 0.71% on Wednesday, hitting $123.95. 2,173,347 shares of the company traded hands. The firm’s 50 day moving average price is $121.41 and its 200-day moving average price is $118.58. The stock has a market capitalization of $39.82 billion, a price-to-earnings ratio of 20.59 and a beta of 0.70. Deere & has a 1-year low of $82.33 and a 1-year high of $132.50. Deere & also was the recipient of some unusual options trading on Monday. Traders bought 731 call options on the company. This represents an increase of 255% compared to the average daily volume of 206 call options.
Deere & (NYSE:DE) last posted its earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The firm had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 EPS. On average, equities research analysts expect that Deere & will post $6.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be given a $0.60 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.94%. Deere &’s dividend payout ratio is presently 40.20%.
A number of research firms have recently commented on DE. Jefferies Group LLC restated a “hold” rating and issued a $125.00 price objective on shares of Deere & in a research report on Wednesday, August 9th. Barclays PLC set a $100.00 price objective on shares of Deere & and gave the company a “sell” rating in a research report on Sunday, June 4th. Credit Suisse Group set a $151.00 price objective on shares of Deere & and gave the company a “buy” rating in a research report on Saturday, June 3rd. Deutsche Bank AG restated a “hold” rating and issued a $139.00 price objective (up from $135.00) on shares of Deere & in a research report on Friday, August 11th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $150.00 price objective (up from $140.00) on shares of Deere & in a research report on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company. Deere & presently has a consensus rating of “Hold” and a consensus target price of $127.58.
In related news, insider Jean H. Gilles sold 8,015 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $129.99, for a total value of $1,041,869.85. Following the completion of the sale, the insider now directly owns 70,635 shares in the company, valued at $9,181,843.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Pentz Markwart Von sold 22,095 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $120.10, for a total value of $2,653,609.50. Following the completion of the sale, the insider now owns 51,626 shares of the company’s stock, valued at $6,200,282.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,928 shares of company stock valued at $11,379,013. 0.75% of the stock is owned by corporate insiders.
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.
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