Deere & Company (NYSE:DE) had its price objective decreased by equities researchers at Credit Suisse Group from $231.00 to $221.00 in a research report issued on Monday. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Credit Suisse Group’s target price would suggest a potential upside of 56.46% from the stock’s previous close.

DE has been the subject of a number of other reports. ValuEngine lowered Deere & Company from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. Morgan Stanley set a $185.00 price target on Deere & Company and gave the company a “buy” rating in a research report on Tuesday, June 5th. Citigroup dropped their price target on Deere & Company from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, June 20th. Evercore ISI upgraded Deere & Company from an “in-line” rating to an “outperform” rating in a research report on Monday, May 7th. Finally, Goldman Sachs Group lowered Deere & Company from a “conviction-buy” rating to a “buy” rating in a research report on Monday, July 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. Deere & Company has an average rating of “Buy” and an average price target of $178.70.

NYSE:DE traded up $0.66 during trading hours on Monday, hitting $141.25. 91,346 shares of the stock were exchanged, compared to its average volume of 2,750,902. Deere & Company has a 52-week low of $112.87 and a 52-week high of $175.26. The company has a current ratio of 1.91, a quick ratio of 1.64 and a debt-to-equity ratio of 2.52. The firm has a market cap of $44.44 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 2.50 and a beta of 0.85.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Friday, August 17th. The industrial products company reported $2.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.75 by ($0.16). Deere & Company had a return on equity of 27.67% and a net margin of 5.46%. The firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.18 billion. During the same quarter last year, the firm posted $1.97 earnings per share. Deere & Company’s quarterly revenue was up 35.9% on a year-over-year basis. research analysts forecast that Deere & Company will post 9.66 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. Mount Yale Investment Advisors LLC acquired a new position in Deere & Company during the first quarter worth $100,000. Kaizen Advisory LLC lifted its stake in Deere & Company by 158.4% during the second quarter. Kaizen Advisory LLC now owns 796 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 488 shares in the last quarter. Winthrop Partners WNY LLC acquired a new position in Deere & Company during the first quarter worth $114,000. Clarus Wealth Advisors acquired a new position in Deere & Company during the second quarter worth $118,000. Finally, Amussen Hunsaker Associates LLC acquired a new position in Deere & Company during the second quarter worth $122,000. Institutional investors own 66.71% of the company’s stock.

Deere & Company Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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Analyst Recommendations for Deere & Company (NYSE:DE)

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