Several analysts have recently updated their ratings and price targets for Deere & Company (NYSE: DE):

  • 12/12/2017 – Deere & Company is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $167.00 price target on the stock.
  • 11/28/2017 – Deere & Company had its price target raised by analysts at BMO Capital Markets to $165.00. They now have an “outperform” rating on the stock.
  • 11/27/2017 – Deere & Company had its price target raised by analysts at Stifel Nicolaus to $161.00. They now have a “buy” rating on the stock.
  • 11/27/2017 – Deere & Company had its “buy” rating reaffirmed by analysts at Argus. They now have a $165.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 11/24/2017 – Deere & Company had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $165.00 price target on the stock.
  • 11/23/2017 – Deere & Company had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $162.00 price target on the stock.
  • 11/23/2017 – Deere & Company had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $150.00 price target on the stock.
  • 11/23/2017 – Deere & Company had its “buy” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $170.00 price target on the stock.
  • 11/23/2017 – Deere & Company was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $167.00 price target on the stock, up previously from $149.00.
  • 11/22/2017 – Deere & Company had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $155.00 price target on the stock, up previously from $134.00.
  • 11/21/2017 – Deere & Company was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $155.00 price target on the stock, up previously from $140.00.
  • 11/16/2017 – Deere & Company had its price target raised by analysts at Deutsche Bank AG from $129.00 to $149.00. They now have a “hold” rating on the stock.
  • 11/2/2017 – Deere & Company was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $150.00 price target on the stock. According to Zacks, “Deere expects net sales to grow about 11% year over year and projects net income to be roughly $2.1 billion in fiscal 2017. The company will gain from continued strength in income growth and food demand, growing investment in construction and improvement in Brazil. The pending Wirtgen acquisition will aid Deere’s North America-centric construction business expand to a global scale. Deere will also gain from the recently acquired Blue River Technology. The buyout will bolster its position in precision agriculture. Its estimates have been undergoing positive revisions over the past two months. The company has a positive record of earnings surprises in recent quarters. The stock has outperformed the industry in the last year.”
  • 11/2/2017 – Deere & Company had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $150.00 price target on the stock.

Deere & Company (NYSE:DE) opened at $149.44 on Friday. Deere & Company has a 1-year low of $100.05 and a 1-year high of $153.34. The stock has a market cap of $48,821.06, a price-to-earnings ratio of 22.88, a PEG ratio of 2.33 and a beta of 0.77. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The company had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.91 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. sell-side analysts expect that Deere & Company will post 7.94 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is 36.14%.

In related news, insider Pentz Markwart Von sold 22,095 shares of Deere & Company stock in a transaction dated 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 sale, the insider now directly owns 51,626 shares in the company, valued at $6,200,282.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cory J. Reed sold 6,416 shares of Deere & Company stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $151.54, for a total transaction of $972,280.64. Following the sale, the insider now owns 11,383 shares in the company, valued at $1,724,979.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 246,737 shares of company stock valued at $33,989,443. Corporate insiders own 0.85% of the company’s stock.

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.

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