Deere & Company (NYSE:DE – Get Free Report) was upgraded by Evercore from an “in-line” rating to an “outperform” rating in a report issued on Wednesday, Briefing.com reports. The firm currently has a $813.00 target price on the industrial products company’s stock. Evercore’s target price indicates a potential upside of 16.68% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Truist Financial dropped their price objective on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating for the company in a report on Monday, August 24th. Nomura raised Deere & Company to a “buy” rating in a report on Monday. Raymond James Financial boosted their target price on Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a research report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research note on Tuesday, August 18th. Finally, JPMorgan Chase & Co. raised their price target on Deere & Company from $570.00 to $585.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Sixteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $680.73.
View Our Latest Stock Analysis on Deere & Company
Deere & Company Price Performance
Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The company had revenue of $12.61 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the previous year, the firm earned $4.75 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. Equities research analysts forecast that Deere & Company will post 18.11 earnings per share for the current year.
Institutional Trading of Deere & Company
A number of large investors have recently made changes to their positions in DE. California State Teachers Retirement System lifted its position in shares of Deere & Company by 60,460.4% during the second quarter. California State Teachers Retirement System now owns 234,586,018 shares of the industrial products company’s stock worth $148,804,949,000 after purchasing an additional 234,198,659 shares during the last quarter. BlackRock Inc. bought a new stake in Deere & Company during the 2nd quarter valued at about $11,763,504,000. Norges Bank bought a new stake in Deere & Company during the 4th quarter valued at about $1,715,633,000. Capital World Investors boosted its position in Deere & Company by 53.9% in the 4th quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock valued at $4,465,906,000 after buying an additional 3,358,264 shares during the period. Finally, Bank of America Corp DE purchased a new stake in Deere & Company in the 2nd quarter valued at about $1,685,093,000. 68.58% of the stock is currently owned by institutional investors.
Deere & Company News Summary
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Baird upgraded Deere to Outperform from Neutral and raised its price target to $800 from $640. The firm expects North American agricultural fundamentals to improve in 2027, potentially lifting corn prices, farmer income and demand for Deere equipment. Deere Upgrade Puts Valuation Back In Focus
- Positive Sentiment: Investors are increasingly treating Deere as a leading agricultural-recovery play. Recent market coverage highlights the stock’s move to a new high, while Deere’s previous quarterly results showed earnings and revenue above expectations, reinforcing confidence in its operating execution. Market Extremes Flash Warning Signs
- Positive Sentiment: Unusually heavy call-option activity and continued analyst optimism indicate strong speculative and institutional interest in further upside. Baird’s $800 target suggests additional potential appreciation if the farm-equipment cycle improves as expected. Baird Just Upgraded Deere Stock
- Positive Sentiment: Deere launched its JD AI assistant within the Operations Center, giving farmers a tool to obtain operational guidance and data-driven insights. The initiative supports Deere’s precision-agriculture strategy and could strengthen customer relationships over time. Deere Launches AI Assistant
- Neutral Sentiment: Farmers can now file claims under a Deere settlement. The payouts may resolve a legal overhang, but the claims process and possible costs create a continuing uncertainty for investors. Farmers Can Now File Claim in Deere Settlement
- Negative Sentiment: After its sharp rally, Deere’s valuation is back in focus. Value-oriented comparisons with Kubota suggest investors must weigh the agricultural recovery outlook against Deere’s premium valuation and the risk that the expected 2027 improvement is already reflected in the stock. KUBTY vs. DE: Which Stock Should Value Investors Buy Now?
About Deere & Company
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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