Shares of Deere & Company (NYSE:DE – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $433.28.
A number of research firms recently commented on DE. Deutsche Bank Aktiengesellschaft dropped their price objective on Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a report on Friday, February 16th. Truist Financial began coverage on Deere & Company in a report on Thursday, March 14th. They issued a “buy” rating and a $494.00 price target for the company. Citigroup reduced their price objective on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, February 16th. JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Stifel Nicolaus reduced their price target on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Friday, February 16th.
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Hedge Funds Weigh In On Deere & Company
Deere & Company Stock Performance
DE opened at $405.32 on Thursday. The stock has a market cap of $112.82 billion, a PE ratio of 11.80, a P/E/G ratio of 1.51 and a beta of 1.04. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. Deere & Company has a 1 year low of $345.55 and a 1 year high of $450.00. The stock’s 50 day simple moving average is $393.13 and its 200-day simple moving average is $384.23.
Deere & Company (NYSE:DE – Get Free Report) last announced its earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same period in the previous year, the business earned $6.55 EPS. Deere & Company’s revenue was down 8.0% compared to the same quarter last year. Sell-side analysts forecast that Deere & Company will post 27.37 EPS for the current year.
Deere & Company Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Wednesday, March 27th. Deere & Company’s dividend payout ratio is presently 17.12%.
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.
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