Deere & Company (NYSE:DE) Given New $487.00 Price Target at Evercore ISI

Deere & Company (NYSE:DE) had its price objective decreased by research analysts at Evercore ISI from $491.00 to $487.00 in a research report issued to clients and investors on Monday,MarketScreener reports. Evercore ISI’s price objective points to a potential upside of 3.45% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company began coverage on shares of Deere & Company in a research note on Thursday, November 13th. They issued an “overweight” rating and a $543.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. UBS Group reissued a “buy” rating on shares of Deere & Company in a research note on Tuesday, October 28th. DA Davidson reduced their price target on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Finally, Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $519.85.

Deere & Company Stock Performance

Shares of DE stock opened at $470.76 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. Deere & Company has a 12-month low of $400.64 and a 12-month high of $533.78. The business’s 50 day moving average is $465.91 and its two-hundred day moving average is $490.99. The company has a market capitalization of $127.26 billion, a P/E ratio of 24.63, a P/E/G ratio of 3.05 and a beta of 1.04.

Institutional Investors Weigh In On Deere & Company

A number of institutional investors have recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Deere & Company in the second quarter valued at approximately $25,000. Howard Hughes Medical Institute acquired a new position in shares of Deere & Company in the second quarter worth $27,000. Activest Wealth Management increased its position in shares of Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 55 shares during the period. Wealth Watch Advisors INC acquired a new stake in shares of Deere & Company in the third quarter valued at $32,000. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Deere & Company in the second quarter valued at $38,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.