Deere & Company (NYSE:DE) had its target price increased by stock analysts at UBS Group from $255.00 to $267.00 in a research report issued on Monday, The Fly reports. The firm currently has a “neutral” rating on the industrial products company’s stock. UBS Group’s target price suggests a potential upside of 2.10% from the company’s previous close.
A number of other brokerages also recently issued reports on DE. Wells Fargo & Company raised their price objective on Deere & Company from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 15th. JPMorgan Chase & Co. boosted their price objective on Deere & Company from $201.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, November 19th. They noted that the move was a valuation call. Citigroup lifted their target price on Deere & Company from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Monday, October 12th. Morgan Stanley boosted their price objective on Deere & Company from $263.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, BMO Capital Markets upped their price target on Deere & Company from $235.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $245.43.
NYSE:DE opened at $261.50 on Monday. The company has a market cap of $82.09 billion, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 3.05 and a beta of 0.94. The company has a quick ratio of 2.03, a current ratio of 2.26 and a debt-to-equity ratio of 2.64. Deere & Company has a twelve month low of $106.14 and a twelve month high of $265.87. The business has a 50 day moving average price of $243.22 and a two-hundred day moving average price of $195.41.
Deere & Company (NYSE:DE) last posted its quarterly earnings data on Tuesday, November 24th. The industrial products company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.95. Deere & Company had a return on equity of 22.24% and a net margin of 7.61%. As a group, analysts anticipate that Deere & Company will post 7.61 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Deere & Company by 3.4% during the 3rd quarter. BlackRock Inc. now owns 19,774,107 shares of the industrial products company’s stock worth $4,382,536,000 after buying an additional 646,460 shares during the last quarter. State Street Corp increased its stake in Deere & Company by 0.7% in the third quarter. State Street Corp now owns 12,535,526 shares of the industrial products company’s stock valued at $2,787,701,000 after purchasing an additional 85,509 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Deere & Company by 6.4% during the second quarter. Bank of New York Mellon Corp now owns 3,810,388 shares of the industrial products company’s stock worth $598,802,000 after acquiring an additional 229,460 shares during the period. Greenhaven Associates Inc. boosted its holdings in Deere & Company by 106.3% during the second quarter. Greenhaven Associates Inc. now owns 2,086,910 shares of the industrial products company’s stock worth $327,958,000 after buying an additional 1,075,338 shares in the last quarter. Finally, Boston Partners boosted its holdings in Deere & Company by 21.5% during the third quarter. Boston Partners now owns 2,046,590 shares of the industrial products company’s stock worth $453,585,000 after buying an additional 362,615 shares in the last quarter. 55.09% of the stock is currently owned by institutional investors and hedge funds.
About Deere & Company
Deere & Company, together with its subsidiaries, 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 provides various agriculture and turf equipment, and related service 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; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural management systems technology and solutions; and other outdoor power products.
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