Deere & Company (NYSE:DE) Receives $431.61 Average Price Target from Analysts

Deere & Company (NYSE:DE) has been assigned a consensus rating of “Hold” from the twenty-one analysts that are presently covering the stock, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $436.41.

A number of brokerages have weighed in on DE. Barclays lifted their price target on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Citigroup lifted their target price on shares of Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. HSBC cut Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. UBS Group lifted their price objective on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th.

Deere & Company Stock Up 1.1 %

Shares of NYSE:DE opened at $466.00 on Monday. Deere & Company has a 52-week low of $340.20 and a 52-week high of $469.39. The stock has a market cap of $127.50 billion, a P/E ratio of 18.20, a PEG ratio of 1.91 and a beta of 0.93. The business has a fifty day moving average of $410.91 and a two-hundred day moving average of $387.53. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $3.90 by $0.65. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Deere & Company’s revenue was down 32.8% on a year-over-year basis. During the same period in the previous year, the business posted $8.26 EPS. On average, research analysts expect that Deere & Company will post 20.23 earnings per share for the current year.

Institutional Trading of Deere & Company

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. increased its stake in shares of Deere & Company by 67.3% during the first quarter. 1832 Asset Management L.P. now owns 3,313 shares of the industrial products company’s stock worth $1,361,000 after acquiring an additional 1,333 shares during the period. Mount Yale Investment Advisors LLC raised its stake in shares of Deere & Company by 43.1% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,965 shares of the industrial products company’s stock worth $807,000 after buying an additional 592 shares in the last quarter. Ascent Group LLC boosted its stake in shares of Deere & Company by 14.2% in the first quarter. Ascent Group LLC now owns 1,452 shares of the industrial products company’s stock valued at $596,000 after buying an additional 181 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Deere & Company by 283.3% in the first quarter. Captrust Financial Advisors now owns 134,025 shares of the industrial products company’s stock valued at $55,049,000 after buying an additional 99,060 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew its holdings in Deere & Company by 4.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 24,060 shares of the industrial products company’s stock worth $9,882,000 after acquiring an additional 1,059 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.