Shares of Deere & Company (NYSE:DE – Get Rating) have earned an average recommendation of “Buy” from the seventeen research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $439.94.
A number of equities research analysts have commented on DE shares. Robert W. Baird lifted their target price on shares of Deere & Company from $425.00 to $475.00 in a research report on Friday, January 7th. JPMorgan Chase & Co. raised shares of Deere & Company from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $440.00 in a research report on Monday, March 28th. Oppenheimer boosted their price objective on shares of Deere & Company from $425.00 to $432.00 and gave the company an “outperform” rating in a research report on Tuesday, February 22nd. StockNews.com started coverage on shares of Deere & Company in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Wells Fargo & Company started coverage on shares of Deere & Company in a research report on Friday, March 11th. They set an “overweight” rating and a $455.00 price objective for the company.
In other news, insider Pentz Markwart Von sold 18,364 shares of the company’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $393.00, for a total transaction of $7,217,052.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Rajesh Kalathur sold 32,391 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $400.00, for a total transaction of $12,956,400.00. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.
Shares of NYSE DE opened at $437.82 on Wednesday. Deere & Company has a twelve month low of $320.50 and a twelve month high of $445.53. The firm has a market cap of $134.32 billion, a P/E ratio of 24.27, a PEG ratio of 1.42 and a beta of 1.00. The company has a 50 day moving average of $398.51 and a 200 day moving average of $371.07. The company has a quick ratio of 1.94, a current ratio of 2.25 and a debt-to-equity ratio of 1.84.
Deere & Company (NYSE:DE – Get Rating) last announced its quarterly earnings data on Friday, February 18th. The industrial products company reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.64. Deere & Company had a net margin of 12.69% and a return on equity of 33.65%. The company had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.28 billion. During the same period in the previous year, the business earned $3.87 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts expect that Deere & Company will post 22.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 9th. Shareholders of record on Thursday, March 31st will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 0.96%. The ex-dividend date is Wednesday, March 30th. Deere & Company’s payout ratio is currently 23.28%.
Deere & Company Company Profile (Get Rating)
Deere & Company manufactures and distributes 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 mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, 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.
- Get a free copy of the StockNews.com research report on Deere & Company (DE)
- Is Turning Point Therapeutics Stock at a Turning Point?
- Buy Haliburton On Post-Earnings Weakness
- Constellation Brands Stock is Launching Towards New Highs
- 3 Analyst Favorite Blue-Chip Stocks to Buy Now
- Does PNC Financial Stock Belong in Your Portfolio?
Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.