Deere & Company (NYSE:DE)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Credit Suisse Group in a research report issued on Tuesday. They presently have a $231.00 price target on the industrial products company’s stock, up from their previous price target of $198.00. Credit Suisse Group’s price objective indicates a potential upside of 42.51% from the stock’s current price.
Other analysts also recently issued reports about the company. Royal Bank of Canada raised Deere & Company from a “sector perform” rating to an “outperform” rating and lowered their price objective for the stock from $190.00 to $155.00 in a research note on Wednesday, January 10th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $200.00 target price (up from $170.00) on shares of Deere & Company in a report on Wednesday, January 10th. Barclays raised Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 target price for the company in a report on Wednesday, January 10th. Zacks Investment Research lowered Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $160.00 target price (up from $142.00) on shares of Deere & Company in a report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. Deere & Company currently has an average rating of “Buy” and an average price target of $170.86.
Shares of Deere & Company (NYSE:DE) opened at $162.09 on Tuesday. The company has a market capitalization of $52,400.00, a P/E ratio of 24.26, a PEG ratio of 2.50 and a beta of 0.75. Deere & Company has a 52 week low of $106.72 and a 52 week high of $175.26. The company has a quick ratio of 1.69, a current ratio of 1.98 and a debt-to-equity ratio of 2.85.
Deere & Company (NYSE:DE) last issued its quarterly earnings data on Friday, February 16th. The industrial products company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.16 by $0.15. The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.41 billion. Deere & Company had a return on equity of 27.18% and a net margin of 4.57%. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 earnings per share. equities research analysts predict that Deere & Company will post 8.27 EPS for the current year.
In other Deere & Company news, insider James M. Field sold 48,427 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $147.98, for a total transaction of $7,166,227.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rajesh Kalathur sold 4,519 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total value of $672,969.48. Following the transaction, the chief financial officer now directly owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 207,689 shares of company stock valued at $31,517,956. 0.74% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. LeJeune Puetz Investment Counsel LLC bought a new position in Deere & Company during the fourth quarter valued at $101,000. Icon Wealth Partners LLC bought a new position in shares of Deere & Company in the fourth quarter worth $110,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Deere & Company in the fourth quarter worth $122,000. Cerebellum GP LLC bought a new position in shares of Deere & Company in the fourth quarter worth $132,000. Finally, TCI Wealth Advisors Inc. boosted its holdings in shares of Deere & Company by 107.3% in the fourth quarter. TCI Wealth Advisors Inc. now owns 885 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 458 shares during the period. 66.24% of the stock is owned by institutional investors and hedge funds.
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Deere & Company 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.
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