Evercore ISI Lowers Deere & Company (NYSE:DE) Price Target to $487.00

Deere & Company (NYSE:DE) had its target price cut by equities researchers at Evercore ISI from $491.00 to $487.00 in a research note issued on Monday,MarketScreener reports. Evercore ISI’s target price would suggest a potential upside of 2.48% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Jefferies Financial Group cut their target price on Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research note on Wednesday, October 8th. Wells Fargo & Company began coverage on Deere & Company in a report on Thursday, November 13th. They set an “overweight” rating and a $543.00 price target on the stock. Citigroup reduced their price objective on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. DA Davidson decreased their target price on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Finally, Wolfe Research lowered their target price on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and an average price target of $519.85.

Deere & Company Stock Performance

Deere & Company stock traded up $1.35 during midday trading on Monday, reaching $475.20. 96,381 shares of the stock traded hands, compared to its average volume of 1,343,191. Deere & Company has a fifty-two week low of $400.64 and a fifty-two week high of $533.78. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The firm has a market cap of $128.46 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 3.05 and a beta of 1.04. The firm has a fifty day moving average price of $465.91 and a two-hundred day moving average price of $490.99.

Institutional Trading of Deere & Company

A number of large investors have recently added to or reduced their stakes in DE. Mid American Wealth Advisory Group Inc. bought a new position in shares of Deere & Company in the second quarter valued at $25,000. Activest Wealth Management grew its holdings in shares of Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Deere & Company during the second quarter worth $27,000. Wealth Watch Advisors INC purchased a new stake in shares of Deere & Company during the third quarter valued at $32,000. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Deere & Company during the second quarter valued at $38,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.