Deere & Company (DE) Upgraded by Deutsche Bank AG to “Buy”
Deere & Company (NYSE:DE) was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a research report issued on Thursday.
DE has been the subject of several other reports. Goldman Sachs Group, Inc. (The) upgraded shares of Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 target price for the company in a research report on Monday, August 7th. Jefferies Group LLC reiterated a “hold” rating and set a $125.00 target price on shares of Deere & in a research report on Wednesday, August 9th. Bank of America Corporation lowered shares of Deere & from a “buy” rating to a “neutral” rating and set a $145.00 price objective for the company. in a report on Tuesday, August 15th. BMO Capital Markets restated an “outperform” rating and issued a $150.00 price objective (up from $140.00) on shares of Deere & in a report on Wednesday, August 16th. Finally, Robert W. Baird lowered shares of Deere & from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $140.00 to $130.00 in a report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $131.93.
Deere & (NYSE:DE) opened at $145.25 on Thursday. The firm has a market cap of $44,734.17, a PE ratio of 23.32, a PEG ratio of 2.47 and a beta of 0.73. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.10 and a quick ratio of 1.90. Deere & has a 12 month low of $98.57 and a 12 month high of $146.00.
Deere & (NYSE:DE) last released its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The company had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.91 billion. During the same period last year, the business earned $0.90 earnings per share. Deere &’s revenue was up 25.6% compared to the same quarter last year. equities research analysts expect that Deere & will post 6.51 EPS for the current fiscal year.
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In related news, insider Max A. Guinn sold 8,551 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $134.89, for a total value of $1,153,444.39. Following the transaction, the insider now owns 50,939 shares in the company, valued at approximately $6,871,161.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Pentz Markwart Von sold 22,095 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $120.10, for a total transaction of $2,653,609.50. Following the completion of the transaction, the insider now owns 51,626 shares in the company, valued at approximately $6,200,282.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,684 shares of company stock worth $13,270,809. Company insiders own 0.85% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new position in Deere & in the 3rd quarter worth about $235,000. Public Employees Retirement System of Ohio boosted its stake in Deere & by 0.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 246,966 shares of the industrial products company’s stock worth $31,016,000 after purchasing an additional 1,698 shares in the last quarter. Americafirst Capital Management LLC lifted its stake in Deere & by 118.2% during the 3rd quarter. Americafirst Capital Management LLC now owns 2,599 shares of the industrial products company’s stock valued at $326,000 after acquiring an additional 1,408 shares during the period. IFM Investors Pty Ltd bought a new position in Deere & during the 3rd quarter valued at about $963,000. Finally, Fieldpoint Private Securities LLC bought a new position in Deere & during the 3rd quarter valued at about $192,000. Institutional investors own 67.05% of the company’s stock.
Deere & Company Profile
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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