DA Davidson Cuts Deere & Company (NYSE:DE) Price Target to $685.00

Deere & Company (NYSE:DE) had its price target dropped by equities researchers at DA Davidson from $775.00 to $685.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. DA Davidson’s price objective indicates a potential upside of 29.18% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Jefferies Financial Group raised shares of Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 target price on the stock in a research note on Wednesday, April 8th. UBS Group lifted their price target on shares of Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Citigroup cut their price target on shares of Deere & Company from $675.00 to $625.00 and set a “neutral” rating on the stock in a report on Monday, March 9th. Robert W. Baird decreased their price objective on shares of Deere & Company from $675.00 to $580.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Finally, Raymond James Financial restated an “outperform” rating and set a $765.00 target price on shares of Deere & Company in a research report on Monday, February 23rd. Fifteen 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, Deere & Company has an average rating of “Moderate Buy” and a consensus target price of $643.98.

Deere & Company Stock Performance

NYSE DE opened at $530.26 on Friday. The business’s 50 day moving average price is $577.80 and its 200-day moving average price is $539.87. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The company has a market cap of $143.23 billion, a P/E ratio of 29.72, a P/E/G ratio of 1.96 and a beta of 0.96. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. The company had revenue of $11.78 billion during the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.Deere & Company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $6.64 earnings per share. Sell-side analysts predict that Deere & Company will post 18.01 earnings per share for the current year.

Institutional Trading of Deere & Company

A number of large investors have recently modified their holdings of DE. Compass Capital Management Inc. raised its position in Deere & Company by 29.1% during the 1st quarter. Compass Capital Management Inc. now owns 19,652 shares of the industrial products company’s stock valued at $11,070,000 after purchasing an additional 4,429 shares in the last quarter. J. Derek Lewis & Associates Inc. grew its position in shares of Deere & Company by 3.3% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 1,088 shares of the industrial products company’s stock worth $613,000 after buying an additional 35 shares in the last quarter. J. Mark Nickell & Co. purchased a new position in shares of Deere & Company during the first quarter valued at $229,000. SOA Wealth Advisors LLC. increased its stake in shares of Deere & Company by 9.8% during the first quarter. SOA Wealth Advisors LLC. now owns 829 shares of the industrial products company’s stock valued at $467,000 after buying an additional 74 shares during the period. Finally, Western Wealth Management LLC raised its holdings in shares of Deere & Company by 31.6% in the first quarter. Western Wealth Management LLC now owns 1,771 shares of the industrial products company’s stock valued at $997,000 after acquiring an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Trending Headlines about Deere & Company

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere beat Q2 profit and sales estimates, helped by strong performance in construction & forestry and small ag/turf, which showed the business can still grow even as farm demand weakens.
• Positive Sentiment: The company lifted its construction & forestry sales outlook to about 20% growth for FY2026, signaling continued strength in a segment that is partially offsetting agriculture weakness.
• Neutral Sentiment: Deere maintained full-year net income guidance of $4.5 billion to $5.0 billion, which was reassuring but not enough to change the market’s view that the recovery in large agriculture may be slow.
• Neutral Sentiment: Management’s commentary pointed to tariff-related headwinds and a one-time tariff refund benefit, which supported the quarter but does not represent a recurring earnings boost.
• Negative Sentiment: Production & Precision Ag sales fell sharply year over year, underscoring the slump in Deere’s most important cyclical farm machinery business and raising concerns about farmer budgets and replacement demand.
• Negative Sentiment: A new class-action lawsuit over right-to-repair practices could add legal and reputational risk around Deere’s aftermarket repair model and pricing power.

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.