Deere & Company (DE) Given New $149.00 Price Target at Deutsche Bank AG
Deere & Company (NYSE:DE) had its target price raised by Deutsche Bank AG from $129.00 to $149.00 in a research note released on Thursday. Deutsche Bank AG currently has a hold rating on the industrial products company’s stock.
Other equities analysts also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating on shares of Deere & in a research note on Sunday, August 20th. Credit Suisse Group set a $148.00 target price on shares of Deere & and gave the stock a buy rating in a research note on Friday, August 18th. BidaskClub downgraded shares of Deere & from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Argus reaffirmed a buy rating and issued a $140.00 target price on shares of Deere & in a research note on Tuesday, August 22nd. Finally, Stifel Nicolaus set a $135.00 target price on shares of Deere & and gave the stock a buy rating in a research note on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $130.08.
Shares of Deere & (NYSE DE) traded up $1.16 during mid-day trading on Thursday, reaching $135.77. 1,964,718 shares of the company traded hands, compared to its average volume of 2,348,018. Deere & has a 12-month low of $91.33 and a 12-month high of $136.69. The company has a market cap of $43,250.00, a P/E ratio of 22.26, a P/E/G ratio of 2.40 and a beta of 0.73. The company has a quick ratio of 1.90, a current ratio of 2.10 and a debt-to-equity ratio of 2.76.
Deere & (NYSE:DE) last announced its earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The company had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. equities research analysts predict that Deere & will post 6.47 earnings per share for the current year.
WARNING: “Deere & Company (DE) Given New $149.00 Price Target at Deutsche Bank AG” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.watchlistnews.com/deere-company-de-given-new-149-00-price-target-at-deutsche-bank-ag/1710760.html.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, September 29th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Thursday, September 28th. Deere &’s dividend payout ratio is currently 40.07%.
In other news, insider Max A. Guinn sold 8,551 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $134.89, for a total value of $1,153,444.39. Following the completion of the transaction, the insider now owns 50,939 shares in the company, valued at $6,871,161.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pentz Markwart Von sold 22,095 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $120.10, for a total transaction of $2,653,609.50. Following the completion of the transaction, the insider now owns 51,626 shares of the company’s stock, valued at approximately $6,200,282.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,141 shares of company stock valued at $18,694,199. Corporate insiders own 0.85% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Deere & by 5.6% in the second quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock valued at $2,668,774,000 after buying an additional 1,153,484 shares during the period. BlackRock Inc. boosted its holdings in shares of Deere & by 2.5% in the second quarter. BlackRock Inc. now owns 17,125,313 shares of the industrial products company’s stock valued at $2,116,517,000 after buying an additional 409,861 shares during the period. State Street Corp boosted its holdings in shares of Deere & by 0.4% in the first quarter. State Street Corp now owns 12,267,999 shares of the industrial products company’s stock valued at $1,335,500,000 after buying an additional 45,695 shares during the period. Capital International Investors boosted its holdings in shares of Deere & by 35.4% in the third quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock valued at $1,106,131,000 after buying an additional 2,300,531 shares during the period. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Deere & by 0.5% in the first quarter. Loomis Sayles & Co. L P now owns 5,860,666 shares of the industrial products company’s stock valued at $637,992,000 after buying an additional 26,303 shares during the period. Institutional investors own 65.67% of the company’s stock.
Deere & 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.
Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with Analyst Ratings Network's FREE daily email newsletter.