Deere & Company’s (DE) Buy Rating Reiterated at Stifel Nicolaus

Deere & Company (NYSE:DE)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a $184.00 target price on the industrial products company’s stock, up from their prior target price of $161.00. Stifel Nicolaus’ price target suggests a potential upside of 9.82% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on DE. Royal Bank of Canada upgraded shares of Deere & Company from a “sector perform” rating to an “outperform” rating and dropped their price target for the company from $190.00 to $155.00 in a research report on Wednesday, January 10th. Wells Fargo & Co reiterated an “outperform” rating and set a $200.00 price target (up from $170.00) on shares of Deere & Company in a research report on Wednesday, January 10th. Robert W. Baird reiterated a “buy” rating and set a $185.00 price target on shares of Deere & Company in a research report on Friday, January 12th. Barclays upgraded shares of Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 price objective for the company in a report on Wednesday, January 10th. Finally, Citigroup lifted their price objective on shares of Deere & Company from $165.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. Deere & Company has an average rating of “Buy” and an average target price of $149.78.

Shares of Deere & Company (NYSE DE) opened at $167.54 on Wednesday. Deere & Company has a 12-month low of $104.10 and a 12-month high of $170.73. The firm has a market cap of $53,830.00, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.54 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The business had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same period last year, the business earned $0.90 earnings per share. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. equities research analysts anticipate that Deere & Company will post 8.13 EPS for the current year.

In other Deere & Company news, insider Max A. Guinn sold 11,235 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $168.68, for a total transaction of $1,895,119.80. Following the completion of the transaction, the insider now owns 39,406 shares in the company, valued at approximately $6,647,004.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mary K.W. Jones sold 34,136 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $124.72, for a total transaction of $4,257,441.92. The disclosure for this sale can be found here. Insiders have sold a total of 246,097 shares of company stock valued at $35,868,394 in the last quarter. 0.75% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of DE. Beach Investment Management LLC. acquired a new position in Deere & Company during the 2nd quarter worth approximately $416,000. Chicago Equity Partners LLC grew its holdings in Deere & Company by 83.3% during the 2nd quarter. Chicago Equity Partners LLC now owns 8,505 shares of the industrial products company’s stock worth $1,051,000 after acquiring an additional 3,865 shares in the last quarter. Pacad Investment Ltd. grew its holdings in Deere & Company by 10.7% during the 2nd quarter. Pacad Investment Ltd. now owns 15,613 shares of the industrial products company’s stock worth $1,930,000 after acquiring an additional 1,508 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in Deere & Company by 6.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,181 shares of the industrial products company’s stock worth $270,000 after acquiring an additional 126 shares in the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in Deere & Company during the 2nd quarter worth approximately $2,458,000. Institutional investors own 67.37% of the company’s stock.

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Deere & Company Company Profile

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

Analyst Recommendations for Deere & Company (NYSE:DE)

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