Deere & Company (NYSE:DE) Raised to Hold at Wall Street Zen

Deere & Company (NYSE:DE) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Several other analysts have also weighed in on DE. Truist Financial upped their price objective on Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Wolfe Research reduced their target price on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Citigroup dropped their price target on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. Daiwa Capital Markets cut their target price on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research report on Thursday, September 25th. Finally, Robert W. Baird reduced their target price on Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $520.05.

Deere & Company Trading Up 0.5%

Deere & Company stock opened at $475.76 on Friday. Deere & Company has a 12-month low of $390.00 and a 12-month high of $533.78. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The stock has a market capitalization of $128.61 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. The firm has a 50 day simple moving average of $466.04 and a 200-day simple moving average of $490.89.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.62 by $0.13. The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.29 earnings per share. As a group, equities research analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Institutional Trading of Deere & Company

A number of institutional investors have recently bought and sold shares of DE. Southland Equity Partners LLC grew its stake in shares of Deere & Company by 3.9% in the 2nd quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock valued at $271,000 after buying an additional 20 shares in the last quarter. Vivid Wealth Management LLC boosted its holdings in Deere & Company by 1.9% in the second quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock worth $553,000 after purchasing an additional 20 shares in the last quarter. Werba Rubin Papier Wealth Management lifted its position in shares of Deere & Company by 3.0% in the second quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock worth $344,000 after buying an additional 20 shares during the last quarter. Prairie Wealth Advisors Inc. boosted its stake in shares of Deere & Company by 2.1% during the 2nd quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company’s stock worth $492,000 after acquiring an additional 20 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Deere & Company by 1.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.