Royal Bank Of Canada Boosts Deere & Company (NYSE:DE) Price Target to $736.00

Deere & Company (NYSE:DE) had its target price increased by investment analysts at Royal Bank Of Canada from $541.00 to $736.00 in a research report issued to clients and investors on Friday, MarketBeat reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 11.05% from the stock’s current price.

Other analysts have also recently issued reports about the company. Robert W. Baird increased their price objective on Deere & Company from $467.00 to $675.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group lifted their price objective on shares of Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a research report on Friday. Daiwa Securities Group cut their price objective on shares of Deere & Company from $530.00 to $520.00 and set an “outperform” rating for the company in a research report on Tuesday, December 2nd. Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, DA Davidson reiterated a “buy” rating and set a $580.00 price target on shares of Deere & Company in a research note on Monday, December 1st. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $607.20.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $662.74 on Friday. The firm’s fifty day simple moving average is $522.56 and its 200-day simple moving average is $491.15. The stock has a market capitalization of $179.65 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 2.64 and a beta of 1.02. Deere & Company has a 12 month low of $404.42 and a 12 month high of $674.19. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 2.01.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.52. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The firm had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $7.50 billion. During the same quarter in the prior year, the business earned $3.19 EPS. Deere & Company’s quarterly revenue was up 17.5% compared to the same quarter last year. As a group, equities analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Insider Activity at Deere & Company

In related news, insider Cory J. Reed sold 12,000 shares of Deere & Company stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the completion of the transaction, the insider directly owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. The trade was a 36.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John C. May II sold 41,472 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total value of $20,797,793.28. Following the completion of the sale, the chief executive officer directly owned 117,970 shares in the company, valued at $59,160,775.30. This trade represents a 26.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 64,578 shares of company stock worth $32,471,682 in the last three months. Corporate insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Deere & Company

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC raised its holdings in shares of Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 1,278 shares during the period. Schnieders Capital Management LLC. increased its position in Deere & Company by 7.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock worth $1,056,000 after purchasing an additional 150 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in Deere & Company by 20.7% in the second quarter. Cullen Frost Bankers Inc. now owns 1,385 shares of the industrial products company’s stock valued at $704,000 after buying an additional 238 shares during the period. Strategic Blueprint LLC raised its holdings in Deere & Company by 32.3% in the second quarter. Strategic Blueprint LLC now owns 627 shares of the industrial products company’s stock valued at $319,000 after buying an additional 153 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in Deere & Company by 0.9% during the second quarter. Asset Management One Co. Ltd. now owns 107,955 shares of the industrial products company’s stock valued at $54,894,000 after buying an additional 962 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company News Roundup

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

• Positive Sentiment: Q1 beat and raised FY guidance — Deere reported Q1 revenue of $9.61B and EPS of $2.42 (above estimates) and raised fiscal‑2026 net‑income guidance to $4.5B–$5.0B, which traders interpreted as confirmation that order trends and construction demand are improving. Deere Lifts Full-Year Profit Forecast as Construction, Sales Rebound (Reuters)
• Positive Sentiment: Large analyst price‑target upgrades — several firms jumped their targets after the beat-and-raise (notable moves: Truist to $793, DA Davidson to $775, Wells Fargo to $750, RBC to $736, BofA to $672), supporting further upside expectations. Wall Street Goes Wild For Deere: The Real Reason Analysts Are Hiking Price Forecasts (Benzinga)
• Positive Sentiment: Construction recovery, product strategy and M&A — management says 2026 may be the bottom of the farm cycle and highlighted strength in construction and small‑ag; Deere completed the Tenna acquisition and is pushing AI/connected‑equipment initiatives, which boost long‑term growth narrative. John Deere Completes Acquisition of Tenna (ForConstructionPros)
• Neutral Sentiment: Some analysts remain cautious despite higher targets — a few shops raised targets but kept market‑perform/neutral ratings (e.g., Sanford Bernstein, BMO), signaling mixed conviction beneath the bullish headlines. Bernstein Adjusts Price Target on Deere to $615 from $521; Maintains Market Perform (MarketScreener)
• Negative Sentiment: Profit and margin headwinds remain — net income fell year‑over‑year (to ~$656M) as tariffs and an unfavorable sales mix pressured margins; that keeps some earnings risk if tariffs or costs persist. Deere Profit Sinks as Tariffs Weigh on Margins (WSJ)

About Deere & Company

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.