Deere & Company (NYSE:DE – Get Free Report) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $570.00 to $585.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 7.65% from the stock’s previous close.
A number of other equities analysts also recently weighed in on DE. Bank of America cut their target price on Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research report on Tuesday. Seaport Research Partners set a $570.00 target price on shares of Deere & Company in a report on Friday, August 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $752.00 price target on shares of Deere & Company in a research note on Monday, June 1st. Finally, Citigroup restated a “neutral” rating on shares of Deere & Company in a report on Friday. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $641.38.
View Our Latest Stock Report on DE
Deere & Company Trading Up 2.0%
Deere & Company (NYSE:DE – Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.69 by $0.41. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The company had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the business posted $4.75 EPS. Deere & Company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, sell-side analysts predict that Deere & Company will post 18.21 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the stock. Anchyra Partners LLC raised its position in Deere & Company by 0.5% during the first quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company’s stock valued at $1,797,000 after buying an additional 17 shares during the period. William B. Walkup & Associates Inc. boosted its position in Deere & Company by 0.6% during the 1st quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company’s stock worth $1,638,000 after acquiring an additional 17 shares during the period. Advisortrust Partners LLC grew its stake in Deere & Company by 2.0% during the 1st quarter. Advisortrust Partners LLC now owns 914 shares of the industrial products company’s stock valued at $515,000 after acquiring an additional 18 shares in the last quarter. Cerro Pacific Wealth Advisors LLC grew its stake in Deere & Company by 0.6% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company’s stock valued at $1,480,000 after acquiring an additional 19 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of Deere & Company by 2.4% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 816 shares of the industrial products company’s stock valued at $379,000 after purchasing an additional 19 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.
Deere & Company News Summary
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Deere reported fiscal Q3 earnings of $5.10 per share on revenue of $12.61 billion, exceeding analyst expectations. Net income rose to $1.379 billion from $1.289 billion a year earlier, while sales increased roughly 5%-6%. Deere Reports Third Quarter Net Income of $1.379 Billion
- Positive Sentiment: Management raised fiscal 2026 net-income guidance to $4.75 billion-$5.00 billion and expects $5.0 billion-$5.5 billion in equipment-operations cash flow, improving confidence in near-term profitability. Deere Raises Fiscal 2026 Outlook
- Positive Sentiment: Construction & Forestry and Small Agriculture & Turf outperformed, offsetting weakness in Production & Precision Agriculture. Demand tied to data centers, energy infrastructure, and other construction projects is providing Deere with an important growth engine. Deere Stock Soars After Construction Unit Drives Earnings Beat
- Positive Sentiment: Deere characterized fiscal 2026 as potentially the bottom of the current agricultural cycle and cited improving early order trends for 2027, raising expectations for a farm-equipment recovery. Analysts subsequently lifted price targets, including targets of $640 and $685. DE Q3 Earnings Call Highlights
- Neutral Sentiment: Robert W. Baird raised its price target from $525 to $640 but maintained a Neutral rating, suggesting much of the improved outlook may already be reflected in the valuation. Deere Analysts Increase Their Forecasts
- Negative Sentiment: The core agricultural market remains pressured by weak farm economics, and management indicated that a broader farm recovery may not arrive until 2027. Tariff and regional sales pressures also remain risks to margins and demand. Deere Narrows Profit Outlook as Farm Recovery Seen in 2027
Deere & Company Company Profile
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.
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