Brokerages Set Deere & Company (NYSE:DE) Price Target at $431.61

Deere & Company (NYSE:DE) has been given a consensus rating of “Hold” by the twenty-one analysts that are covering the stock, Marketbeat reports. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $436.41.

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Citigroup raised their price objective on shares of Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Bank of America lifted their price objective on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Truist Financial increased their target price on Deere & Company from $496.00 to $538.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Morgan Stanley upped their price objective on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday.

Hedge Funds Weigh In On Deere & Company

A number of large investors have recently bought and sold shares of DE. Pineridge Advisors LLC lifted its stake in shares of Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Fairscale Capital LLC acquired a new position in Deere & Company during the second quarter valued at approximately $26,000. Livelsberger Financial Advisory acquired a new position in Deere & Company during the third quarter valued at approximately $32,000. Olistico Wealth LLC purchased a new stake in Deere & Company during the second quarter worth approximately $37,000. Finally, Centennial Bank AR increased its position in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 1.1 %

Shares of Deere & Company stock opened at $466.00 on Monday. Deere & Company has a 12-month low of $340.20 and a 12-month high of $469.39. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The stock has a market cap of $127.50 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93. The company has a 50-day moving average of $410.91 and a two-hundred day moving average of $387.53.

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

Deere & Company Company Profile

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.