Deere & Company (NYSE:DE) Price Target Cut to $445.00 by Analysts at Robert W. Baird

Deere & Company (NYSE:DE – Get Rating) had its price objective lowered by Robert W. Baird from $512.00 to $445.00 in a research report sent to investors on Monday, The Fly reports.

A number of other research analysts have also recently commented on DE. Morgan Stanley raised their price target on shares of Deere & Company from $522.00 to $537.00 and gave the stock an overweight rating in a research note on Tuesday, February 21st. Daiwa Capital Markets assumed coverage on shares of Deere & Company in a research note on Wednesday, March 29th. They set an outperform rating and a $440.00 price target for the company. Evercore ISI cut their price target on shares of Deere & Company from $455.00 to $418.00 in a research note on Tuesday, May 9th. Bank of America cut their price target on shares of Deere & Company from $484.00 to $416.00 in a research note on Sunday, May 21st. Finally, Argus raised their price objective on shares of Deere & Company from $475.00 to $485.00 and gave the stock a buy rating in a report on Tuesday, February 21st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $443.86.

Deere & Company Stock Up 0.2 %

NYSE DE opened at $354.88 on Monday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.70 and a current ratio of 1.96. The firm has a 50-day simple moving average of $382.18 and a 200 day simple moving average of $408.66. Deere & Company has a twelve month low of $283.81 and a twelve month high of $448.40. The stock has a market cap of $105.16 billion, a PE ratio of 11.91, a PEG ratio of 0.89 and a beta of 1.03.

Deere & Company (NYSE:DE – Get Rating) last announced its quarterly earnings results on Friday, May 19th. The industrial products company reported $9.65 EPS for the quarter, topping analysts’ consensus estimates of $8.57 by $1.08. The firm had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $14.87 billion. Deere & Company had a net margin of 15.00% and a return on equity of 43.11%. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter last year, the company earned $6.81 earnings per share. On average, research analysts forecast that Deere & Company will post 31.58 EPS for the current year.

Institutional Trading of Deere & Company

Institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System boosted its position in shares of Deere & Company by 17.5% during the third quarter. California Public Employees Retirement System now owns 633,261 shares of the industrial products company’s stock worth $211,440,000 after purchasing an additional 94,311 shares in the last quarter. Sage Mountain Advisors LLC bought a new position in shares of Deere & Company during the fourth quarter worth $252,000. Mutual Advisors LLC boosted its position in shares of Deere & Company by 9.3% during the third quarter. Mutual Advisors LLC now owns 3,824 shares of the industrial products company’s stock worth $1,277,000 after purchasing an additional 324 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Deere & Company during the third quarter worth $374,000. Finally, Fenimore Asset Management Inc. bought a new position in shares of Deere & Company during the fourth quarter worth $204,000. Institutional investors and hedge funds own 75.72% of the company’s stock.

Deere & Company Company Profile

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Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.