Deere & Company (NYSE:DE) Stock Price Expected to Rise, Barclays Analyst Says

Deere & Company (NYSE:DEGet Free Report) had its price objective increased by stock analysts at Barclays from $530.00 to $640.00 in a report released on Tuesday,MarketScreener reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price objective would suggest a potential upside of 13.25% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Raymond James Financial reissued an “outperform” rating and issued a $765.00 price target on shares of Deere & Company in a report on Monday, February 23rd. Sanford C. Bernstein increased their target price on shares of Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a report on Friday, February 20th. Daiwa Securities Group cut their target price on Deere & Company from $530.00 to $520.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 2nd. Royal Bank Of Canada boosted their price target on Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Finally, Wells Fargo & Company upped their price target on Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $655.70.

View Our Latest Report on DE

Deere & Company Trading Up 0.3%

DE stock traded up $1.84 during midday trading on Tuesday, hitting $565.14. The company had a trading volume of 259,573 shares, compared to its average volume of 1,598,216. The stock has a market cap of $152.65 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 1.94 and a beta of 0.96. Deere & Company has a 52 week low of $404.42 and a 52 week high of $674.19. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. The stock’s 50 day moving average price is $581.59 and its 200 day moving average price is $511.06.

Deere & Company (NYSE:DEGet Free Report) last issued its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.52. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The firm had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $7.50 billion. During the same quarter last year, the business earned $3.19 earnings per share. The business’s revenue was up 17.5% on a year-over-year basis. As a group, equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Insider Transactions at Deere & Company

In other Deere & Company news, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $501.49, for a total value of $20,797,793.28. Following the completion of the sale, the chief executive officer directly owned 117,970 shares in the company, valued at $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Cory J. Reed sold 12,000 shares of Deere & Company stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the sale, the insider directly owned 20,792 shares in the company, valued at approximately $10,603,920. The trade was a 36.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Deere & Company

Several hedge funds have recently made changes to their positions in the company. J. Derek Lewis & Associates Inc. purchased a new position in Deere & Company during the fourth quarter valued at $490,000. Rockefeller Capital Management L.P. grew its stake in shares of Deere & Company by 24.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 97,306 shares of the industrial products company’s stock worth $45,304,000 after acquiring an additional 18,830 shares during the last quarter. World Investment Advisors increased its holdings in shares of Deere & Company by 59.4% during the fourth quarter. World Investment Advisors now owns 3,403 shares of the industrial products company’s stock valued at $1,584,000 after acquiring an additional 1,268 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new position in shares of Deere & Company in the 4th quarter worth about $193,000. Finally, Advisortrust Partners LLC purchased a new position in shares of Deere & Company in the 4th quarter worth about $417,000. 68.58% of the stock is currently owned by institutional investors.

Key Deere & Company News

Here are the key news stories impacting Deere & Company this week:

Deere & Company Company Profile

(Get Free Report)

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

Further Reading

Analyst Recommendations for Deere & Company (NYSE:DE)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.