Deere & Company (NYSE:DE) had its price target lifted by research analysts at Deutsche Bank AG from $129.00 to $149.00 in a research note issued to investors on Thursday. The brokerage currently has a “hold” rating on the industrial products company’s stock. Deutsche Bank AG’s price objective indicates a potential upside of 9.74% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Deere & from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Thursday, November 2nd. BMO Capital Markets reiterated a “buy” rating and set a $150.00 price target on shares of Deere & in a research note on Thursday, November 2nd. Robert W. Baird reiterated a “hold” rating and set a $140.00 price target on shares of Deere & in a research note on Thursday, October 12th. ValuEngine upgraded shares of Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered shares of Deere & from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $130.08.

Deere & (DE) opened at $135.77 on Thursday. The company has a quick ratio of 1.90, a current ratio of 2.10 and a debt-to-equity ratio of 2.76. The company has a market cap of $43,250.00, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.40 and a beta of 0.73. Deere & has a one year low of $91.33 and a one year high of $136.69.

Deere & (NYSE:DE) last posted its quarterly earnings data 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. Deere & had a net margin of 8.15% and a return on equity of 31.66%. The company had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the business posted $1.55 earnings per share. Deere &’s quarterly revenue was up 16.6% on a year-over-year basis. equities research analysts anticipate that Deere & will post 6.47 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/18/deere-company-de-pt-raised-to-149-00-at-deutsche-bank-ag.html.

In related news, insider Pentz Markwart Von sold 46,457 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the completion of the sale, the insider now directly owns 47,165 shares of the company’s stock, valued at approximately $5,506,042.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John C. May II sold 18,626 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $130.76, for a total transaction of $2,435,535.76. Following the sale, the insider now directly owns 37,462 shares of the company’s stock, valued at $4,898,531.12. The disclosure for this sale can be found here. Insiders sold 149,141 shares of company stock valued at $18,694,199 in the last three months. Company insiders own 0.85% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of DE. QCI Asset Management Inc. NY boosted its stake in Deere & 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 during the last quarter. Guardian Life Insurance Co. of America boosted its stake in Deere & by 1.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 16 shares during the last quarter. Arrow Financial Corp boosted its stake in Deere & by 5.2% during the 2nd quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 50 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Deere & during the 3rd quarter valued at $144,000. Finally, Harfst & Associates Inc. boosted its stake in Deere & 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 during the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Deere & 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 & (NYSE:DE)

Receive News & Stock Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related stocks with our FREE daily email newsletter.