Deere & Company Receives Buy Rating from TheStreet (DE)
“Deere (DE) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, increase in stock price during the past year, impressive record of earnings per share growth and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
,” TheStreet’s analyst wrote.
Deere & Company opened at 91.34 on Tuesday. Deere & Company has a 1-year low of $69.51 and a 1-year high of $95.60. The stock’s 50-day moving average is currently $90.98. The company has a market cap of $35.582 billion and a price-to-earnings ratio of 11.42.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 1st. Shareholders of record on Thursday, March 28th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, March 26th. This is a positive change from Deere & Company’s previous quarterly dividend of $0.46.
A number of other analysts have also recently weighed in on DE. Analysts at RBC Capital reiterated a sector perform rating on shares of Deere & Company in a research note to investors on Friday, March 8th. They now have a $95.00 price target on the stock. Separately, analysts at JPMorgan Chase reiterated a neutral rating on shares of Deere & Company in a research note to investors on Wednesday, March 6th. Finally, analysts at BMO Capital Markets reiterated an outperform rating on shares of Deere & Company in a research note to investors on Tuesday, March 5th. They now have a $110.00 price target on the stock.
Deere & Company (John Deere) along with its subsidiaries, operates in three segments: agriculture and turf, construction and forestry and financial services.
To view TheStreet’s full report, visit www.thestreetratings.com
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