Barclays initiated coverage on shares of Deere & Company (NYSE:DE) in a research note issued on Tuesday. The firm set an “overweight” rating and a $167.00 price target on the industrial products company’s stock. Barclays’ price target suggests a potential upside of 9.90% from the stock’s current price.

A number of other brokerages have also recently weighed in on DE. BMO Capital Markets reissued a “buy” rating and issued a $150.00 price target on shares of Deere & Company in a research note on Thursday, November 2nd. ValuEngine raised Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Robert W. Baird cut Deere & Company from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $140.00 to $130.00 in a research note on Friday, August 18th. BidaskClub cut Deere & Company from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Wells Fargo & Company reissued a “buy” rating and issued a $170.00 price target on shares of Deere & Company in a research note on Thursday, November 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Deere & Company currently has a consensus rating of “Hold” and an average price target of $143.68.

Deere & Company (NYSE:DE) opened at $151.95 on Tuesday. The firm has a market capitalization of $48,538.32, a PE ratio of 22.75, a P/E/G ratio of 2.32 and a beta of 0.77. Deere & Company has a 12 month low of $100.05 and a 12 month high of $153.34. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95.

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

In other news, insider James M. Field sold 48,427 shares of Deere & Company stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $147.98, for a total transaction of $7,166,227.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $972,280.64. Following the sale, the insider now owns 11,383 shares of the company’s stock, valued at $1,724,979.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 246,737 shares of company stock valued at $33,989,443. 0.85% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Bartlett & Co. LLC lifted its holdings in Deere & Company by 552.8% in the 3rd quarter. Bartlett & Co. LLC now owns 105,048 shares of the industrial products company’s stock worth $13,193,000 after purchasing an additional 88,955 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Deere & Company by 3.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,139,980 shares of the industrial products company’s stock worth $140,891,000 after purchasing an additional 40,269 shares during the last quarter. Cutler Investment Counsel LLC lifted its holdings in Deere & Company by 1.3% in the 2nd quarter. Cutler Investment Counsel LLC now owns 88,361 shares of the industrial products company’s stock worth $10,921,000 after purchasing an additional 1,164 shares during the last quarter. Sun Life Financial INC lifted its holdings in Deere & Company by 12,552.9% in the 2nd quarter. Sun Life Financial INC now owns 2,151 shares of the industrial products company’s stock worth $266,000 after purchasing an additional 2,134 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its holdings in Deere & Company by 22.3% in the 2nd quarter. Pictet Asset Management Ltd. now owns 808,264 shares of the industrial products company’s stock worth $98,980,000 after purchasing an additional 147,626 shares during the last quarter. Institutional investors and hedge funds own 67.75% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Barclays Initiates Coverage on Deere & Company (DE)” was first published by Daily Political and is the property of of Daily Political. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.dailypolitical.com/2017/12/14/barclays-initiates-coverage-on-deere-company-de.html.

Deere & Company 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.

Analyst Recommendations for Deere & Company (NYSE:DE)

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.