Deere & Company (NYSE:DE) had its target price lowered by investment analysts at UBS Group from $177.00 to $158.00 in a research note issued on Thursday, Marketbeat reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. UBS Group’s target price would indicate a potential upside of 13.71% from the stock’s previous close.

Several other research firms have also recently weighed in on DE. Macquarie began coverage on Deere & Company in a research note on Wednesday, May 1st. They set an “outperform” rating on the stock. Bank of America cut Deere & Company from a “buy” rating to a “neutral” rating and lowered their target price for the company from $173.00 to $170.00 in a research note on Wednesday, February 13th. Zacks Investment Research cut Deere & Company from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. Credit Suisse Group lowered their target price on Deere & Company from $211.00 to $209.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 19th. Finally, Citigroup lowered their target price on Deere & Company from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, February 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $161.50.

Shares of DE opened at $138.95 on Thursday. The stock has a market capitalization of $44.25 billion, a P/E ratio of 14.80, a P/E/G ratio of 1.72 and a beta of 0.90. Deere & Company has a 1-year low of $128.32 and a 1-year high of $169.99. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.66 and a current ratio of 1.94.

Deere & Company (NYSE:DE) last released its earnings results on Friday, May 17th. The industrial products company reported $3.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.57 by ($0.05). Deere & Company had a net margin of 8.52% and a return on equity of 28.76%. The business had revenue of $10.27 billion for the quarter, compared to analysts’ expectations of $10.19 billion. During the same period last year, the firm earned $3.14 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that Deere & Company will post 10.27 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Destination Wealth Management lifted its holdings in shares of Deere & Company by 20,500.0% during the 4th quarter. Destination Wealth Management now owns 206 shares of the industrial products company’s stock valued at $31,000 after buying an additional 205 shares during the last quarter. Private Ocean LLC lifted its holdings in shares of Deere & Company by 560.0% during the 1st quarter. Private Ocean LLC now owns 198 shares of the industrial products company’s stock valued at $32,000 after buying an additional 168 shares during the last quarter. Ellis Investment Partners LLC acquired a new stake in shares of Deere & Company during the 1st quarter valued at about $33,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Deere & Company by 14,550.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,214,983 shares of the industrial products company’s stock valued at $35,000 after buying an additional 5,179,386 shares during the last quarter. Finally, Athena Capital Advisors LLC acquired a new stake in shares of Deere & Company during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 67.05% of the company’s stock.

About Deere & Company

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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Analyst Recommendations for Deere & Company (NYSE:DE)

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