DA Davidson Reaffirms “Buy” Rating for Deere & Company (NYSE:DE)

Deere & Company (NYSE:DE)‘s stock had its “buy” rating restated by research analysts at DA Davidson in a note issued to investors on Friday,Benzinga reports. They currently have a $685.00 price objective on the industrial products company’s stock. DA Davidson’s target price indicates a potential upside of 14.63% from the company’s previous close.

DE has been the topic of several other reports. Wolfe Research boosted their price objective on shares of Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Barclays raised their target price on shares of Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Raymond James Financial reduced their price target on Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Citigroup boosted their price target on Deere & Company from $575.00 to $610.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research note on Sunday, July 5th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $642.98.

Deere & Company Trading Down 0.2%

Shares of Deere & Company stock opened at $597.56 on Friday. The stock has a market cap of $161.31 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.21 and a beta of 0.89. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The business’s 50 day moving average is $582.55 and its 200-day moving average is $571.31.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, beating the consensus estimate of $5.70 by $0.85. The business had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the business earned $6.64 earnings per share. Equities research analysts predict that Deere & Company will post 18.13 earnings per share for the current fiscal year.

Institutional Trading of Deere & Company

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Key Capital Management INC acquired a new stake in Deere & Company during the fourth quarter worth approximately $27,000. Timmons Wealth Management LLC bought a new stake in shares of Deere & Company during the fourth quarter worth approximately $29,000. McIlrath & Eck LLC acquired a new position in shares of Deere & Company in the fourth quarter valued at approximately $30,000. Portus Wealth Advisors LLC acquired a new position in shares of Deere & Company in the first quarter valued at approximately $32,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Deere & Company during the third quarter worth approximately $32,000. Institutional investors own 68.58% of the company’s stock.

Key Stories Impacting Deere & Company

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: DA Davidson reiterated a buy rating on Deere & Company and lifted its price target to $685, signaling continued analyst confidence in upside potential. Benzinga
• Neutral Sentiment: Deere was highlighted in broader agriculture and industrial stock roundups, keeping investor attention on the company as a key name in the farm equipment sector. Best Agriculture Stocks To Watch Now – July 14th
• Neutral Sentiment: Erste Group Bank slightly lowered its FY2027 EPS forecast for Deere, which is a minor cautionary note but not a major change to longer-term earnings expectations. MarketBeat report on Deere EPS estimate cut
• Negative Sentiment: Deere also remains tied to a broader industrial-sector backdrop that has lagged the market recently, which can weigh on sentiment toward cyclical names. 1 Industrials Stock to Target This Week and 2 We Find Risky

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.