Favorable Media Coverage Extremely Likely to Affect Deere & Company (DE) Share Price
Headlines about Deere & Company (NYSE:DE) have trended positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Deere & Company earned a news sentiment score of 2.29 on their scale. InfoTrie also gave media headlines about the industrial products company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Deere & Company’s score:
- John Deere and Pheasants Forever Working Together (animal.agwired.com)
- Kid ride-ons explode with cars, tractors, monster trucks (ravallirepublic.com)
- Will Bears Get Slaughtered? Deere & Company (DE), Anadarko Petroleum Corporation (APC) (gvtimes.com)
- Analyst’s Take on Carnival Corp (CCL) and Deere & Company (DE) (postregistrar.com)
- At SC18: GM, Boeing, Deere, BP Talk Enterprise HPC Strategies (hpcwire.com)
A number of analysts have issued reports on DE shares. Zacks Investment Research reissued a “hold” rating on shares of Deere & Company in a report on Tuesday. Deutsche Bank set a $155.00 price objective on shares of Deere & Company and gave the company a “hold” rating in a report on Wednesday, September 5th. Argus cut their price objective on shares of Deere & Company to $160.00 and set a “buy” rating for the company in a report on Monday, August 20th. Credit Suisse Group cut their price objective on shares of Deere & Company from $231.00 to $221.00 and set an “outperform” rating for the company in a report on Monday, August 20th. Finally, Wells Fargo & Co cut their price objective on shares of Deere & Company from $190.00 to $180.00 and set a “buy” rating for the company in a report on Monday, August 20th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $177.75.
Deere & Company (NYSE:DE) last issued its quarterly earnings results on Friday, August 17th. The industrial products company reported $2.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.75 by ($0.16). Deere & Company had a return on equity of 28.51% and a net margin of 5.82%. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.18 billion. During the same period last year, the company posted $1.97 EPS. The business’s revenue was up 35.9% on a year-over-year basis. Research analysts forecast that Deere & Company will post 9.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Friday, September 28th were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, September 27th. Deere & Company’s dividend payout ratio (DPR) is presently 41.32%.
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Deere & Company Company Profile
Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.
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