Royal Bank Of Canada Forecasts Strong Price Appreciation for Deere & Company (NYSE:DE) Stock

Deere & Company (NYSE:DE) had its target price lifted by stock analysts at Royal Bank Of Canada from $541.00 to $736.00 in a research note issued on Friday, MarketBeat reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 10.72% from the stock’s current price.

A number of other brokerages have also recently issued reports on DE. Robert W. Baird set a $675.00 price target on Deere & Company in a research note on Friday. Evercore reiterated a “positive” rating on shares of Deere & Company in a research note on Friday, November 28th. Truist Financial raised their price target on shares of Deere & Company from $609.00 to $612.00 and gave the company a “buy” rating in a report on Friday, November 28th. Morgan Stanley reiterated an “overweight” rating and issued a $560.00 price objective on shares of Deere & Company in a report on Tuesday, December 9th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Deere & Company in a research note on Monday, December 1st. Fifteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $576.95.

Deere & Company Trading Up 0.4%

Deere & Company stock traded up $2.73 during trading hours on Friday, hitting $664.73. The company had a trading volume of 247,234 shares, compared to its average volume of 1,678,921. The firm has a market cap of $180.19 billion, a P/E ratio of 35.34, a P/E/G ratio of 2.37 and a beta of 1.02. The company has a 50-day moving average price of $519.01 and a two-hundred day moving average price of $490.22. Deere & Company has a 1 year low of $404.42 and a 1 year high of $674.19. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.01 and a current ratio of 2.22.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.52. The firm had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.19 earnings per share. On average, sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Insider Activity

In other Deere & Company news, insider Cory J. Reed sold 12,000 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the completion of the transaction, the insider directly owned 20,792 shares of the company’s stock, valued at $10,603,920. The trade was a 36.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John C. May II sold 41,472 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the completion of the transaction, the chief executive officer owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. This trade represents a 26.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 64,578 shares of company stock worth $32,471,682. 0.29% of the stock is currently owned by insiders.

Institutional Trading of Deere & Company

Hedge funds have recently added to or reduced their stakes in the business. Strategic Advocates LLC acquired a new position in shares of Deere & Company during the third quarter valued at $25,000. Howard Hughes Medical Institute bought a new position in Deere & Company in the 2nd quarter valued at about $27,000. Key Capital Management INC acquired a new position in Deere & Company during the 4th quarter valued at about $27,000. Timmons Wealth Management LLC acquired a new position in Deere & Company during the 4th quarter valued at about $29,000. Finally, Activest Wealth Management raised its position in shares of Deere & Company by 69.2% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after buying an additional 27 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Key Deere & Company News

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Q1 earnings and revenue beat — EPS $2.42 vs. ~ $1.90 est.; revenue $9.61B well above estimates, driven by higher equipment volumes. Deere&Company earnings beat by $0.40, revenue topped estimates
• Positive Sentiment: Company raised FY26 net income guidance to $4.5B–$5.0B, citing a rebound in construction and small-ag segments — a key reason shares jumped. Deere lifts full-year profit forecast as construction, sales rebound; shares rise
• Positive Sentiment: Market reaction: stock hit fresh highs and surged double digits after the beat-and-raise, as investors price in a recovery cycle. Deere soars to all-time high after beat-and-raise Q1 report
• Positive Sentiment: Strategic moves: Deere completed the acquisition of Tenna to expand mixed‑fleet tech and is emphasizing AI and U.S. manufacturing shifts — supports long‑term growth narrative. John Deere Acquires Tenna
• Neutral Sentiment: Analyst activity: Bank of America raised its price target to $672 but kept a “neutral” rating, giving limited near‑term upside from current levels. Benzinga note on price target raise
• Negative Sentiment: Profit pressures remain: Q1 net income fell YoY to $656M (mix, tariffs and cost headwinds weighed on margins), highlighting lingering risks in large‑ag markets. Deere Profit Sinks as Tariffs Weigh on Margins
• Negative Sentiment: Management still cites an uneven ag cycle; recovery concentrated in construction/smaller ag — if large‑ag demand stays weak, upside could be limited. Deere expects $4.5B–$5B net income in 2026

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.