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

  • 12/3/2019 – Deere & Company had its price target raised by analysts at Argus to $185.00. They now have a “positive” rating on the stock.
  • 12/2/2019 – Deere & Company was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating. They now have a $150.00 price target on the stock, down previously from $200.00.
  • 12/2/2019 – Deere & Company had its price target raised by analysts at BMO Capital Markets from $175.00 to $180.00. They now have an “outperform” rating on the stock.
  • 12/2/2019 – Deere & Company had its price target lowered by analysts at Citigroup Inc from $200.00 to $195.00. They now have a “buy” rating on the stock.
  • 11/29/2019 – Deere & Company was downgraded by analysts at DZ Bank AG from a “hold” rating to a “sell” rating. They now have a $148.00 price target on the stock.
  • 11/29/2019 – Deere & Company had its price target raised by analysts at Morgan Stanley from $180.00 to $197.00. They now have an “overweight” rating on the stock.
  • 11/29/2019 – Deere & Company had its price target lowered by analysts at UBS Group AG from $180.00 to $169.00. They now have a “neutral” rating on the stock.
  • 11/29/2019 – Deere & Company had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $177.00 price target on the stock, up previously from $170.00.
  • 11/26/2019 – Deere & Company had its “buy” rating reaffirmed by analysts at Citigroup Inc. They now have a $175.16 price target on the stock.
  • 11/25/2019 – Deere & Company had its “sell” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $140.00 price target on the stock.
  • 11/25/2019 – Deere & Company had its price target raised by analysts at Citigroup Inc from $165.00 to $200.00. They now have an “in-line” rating on the stock.
  • 11/20/2019 – Deere & Company had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $169.00 price target on the stock, up previously from $155.00.
  • 11/14/2019 – Deere & Company was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating.
  • 10/15/2019 – Deere & Company was given a new $180.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 10/9/2019 – Deere & Company had its price target raised by analysts at Morgan Stanley from $177.00 to $180.00. They now have an “overweight” rating on the stock.
  • 10/9/2019 – Deere & Company was given a new $178.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.

DE stock opened at $165.29 on Tuesday. The company has a market cap of $52.91 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13. Deere & Company has a 1 year low of $132.68 and a 1 year high of $180.48. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.04 and a quick ratio of 1.80. The stock’s fifty day moving average price is $173.91 and its 200-day moving average price is $161.32.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 27th. The industrial products company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.01. The company had revenue of $8.70 billion during the quarter, compared to analysts’ expectations of $8.41 billion. Deere & Company had a return on equity of 27.11% and a net margin of 8.29%. Deere & Company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 earnings per share. As a group, analysts expect that Deere & Company will post 11.09 earnings per share for the current year.

In other news, Chairman Samuel R. Allen sold 114,253 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $178.30, for a total value of $20,371,309.90. Following the completion of the sale, the chairman now directly owns 423,497 shares in the company, valued at approximately $75,509,515.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James M. Field sold 12,637 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $180.00, for a total value of $2,274,660.00. Following the completion of the transaction, the insider now directly owns 113,858 shares in the company, valued at $20,494,440. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Benjamin Edwards Inc. boosted its stake in Deere & Company by 69.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 151 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 62 shares during the period. Atwater Malick LLC purchased a new position in shares of Deere & Company in the third quarter worth $27,000. SRS Capital Advisors Inc. purchased a new position in shares of Deere & Company in the second quarter worth $28,000. Nelson Roberts Investment Advisors LLC lifted its holdings in shares of Deere & Company by 34.8% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 271 shares of the industrial products company’s stock worth $45,000 after buying an additional 70 shares in the last quarter. Finally, Heritage Wealth Advisors bought a new position in shares of Deere & Company during the second quarter worth $47,000. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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