Deere & Company (NYSE:DE) was upgraded by Deutsche Bank AG from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat Ratings reports.

A number of other equities research analysts also recently weighed in on the company. Argus reaffirmed a “buy” rating and set a $140.00 price objective on shares of Deere & Company in a research report on Tuesday, August 22nd. Goldman Sachs Group Inc reaffirmed a “buy” rating on shares of Deere & Company in a research report on Sunday, August 20th. Credit Suisse Group set a $148.00 price objective on Deere & Company and gave the company a “buy” rating in a research report on Friday, August 18th. Stifel Nicolaus set a $135.00 price objective on Deere & Company and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, ValuEngine raised Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $135.43.

Deere & Company (DE) opened at $145.50 on Thursday. The company has a market capitalization of $46,748.71, a price-to-earnings ratio of 21.91, a PEG ratio of 2.57 and a beta of 0.73. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.90 and a current ratio of 2.12. Deere & Company has a 52 week low of $98.57 and a 52 week high of $147.91.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. analysts forecast that Deere & Company will post 7.21 EPS for the current year.

In other news, insider John C. May II sold 22,095 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $127.04, for a total value of $2,806,948.80. Following the completion of the transaction, the insider now directly owns 51,429 shares in the company, valued at $6,533,540.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John C. May II sold 18,626 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $130.76, for a total value of $2,435,535.76. Following the completion of the transaction, the insider now owns 37,462 shares of the company’s stock, valued at $4,898,531.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,684 shares of company stock valued at $13,270,809. Company insiders own 0.85% of the company’s stock.

Large investors have recently made changes to their positions in the company. QCI Asset Management Inc. NY raised its position in Deere & Company by 18.8% during the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 150 shares in the last quarter. Arrow Financial Corp raised its position in Deere & Company by 5.2% during the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 50 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in Deere & Company during the third quarter valued at approximately $144,000. Harfst & Associates Inc. raised its position in Deere & Company by 44.2% during the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 360 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC raised its position in Deere & Company by 1.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 67.05% of the company’s stock.

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About Deere & Company

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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