Deere & Company (NYSE:DE) Stock Has Consensus Target Price of $688.10 According to Analysts

Shares of Deere & Company (NYSE:DE) have earned an average rating of “Moderate Buy” from the twenty-five brokerages that are currently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $688.10.

DE has been the subject of a number of recent research reports. UBS Group cut their target price on Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a research note on Friday, August 21st. Citigroup lifted their price target on shares of Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Raymond James Financial boosted their price target on shares of Deere & Company from $700.00 to $730.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Weiss Ratings upgraded shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 21st. Finally, Seaport Research Partners set a $570.00 price target on shares of Deere & Company in a research report on Friday, August 14th.

Deere & Company Stock Down 0.1%

Shares of DE opened at $675.03 on Monday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. The company has a 50-day simple moving average of $663.79 and a 200-day simple moving average of $604.16. Deere & Company has a 52 week low of $454.50 and a 52 week high of $721.22. The firm has a market capitalization of $182.00 billion, a P/E ratio of 37.50, a P/E/G ratio of 2.47 and a beta of 0.89.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The business had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period last year, the business earned $4.75 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts expect that Deere & Company will post 18.11 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Deere & Company’s payout ratio is presently 36.00%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Deere & Company in the 2nd quarter valued at $27,000. Kilter Group LLC acquired a new stake in shares of Deere & Company during the 2nd quarter worth about $29,000. Solstein Capital LLC bought a new position in Deere & Company during the 2nd quarter valued at about $30,000. Portus Wealth Advisors LLC bought a new position in Deere & Company during the 1st quarter valued at about $32,000. Finally, Orion Capital Management LLC bought a new position in Deere & Company during the 2nd quarter valued at about $32,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company News Summary

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

• Positive Sentiment: Deere was largely insulated from the machinery-sector selloff that hit Caterpillar after its moderate outlook. The relative resilience suggests investors viewed Deere’s farm-equipment exposure and outlook more favorably. Caterpillar Drops 7% as Moderate Sales Outlook Overshadows Beat; Deere Sits Out the Selloff
• Positive Sentiment: Analysts highlighted smart-farming technology, automation and cost controls as potential support for Deere, particularly as long-term agricultural demand and equipment investment improve. Zacks Industry Outlook Highlights Deere & Co., Kubota and CNH Industrial
• Positive Sentiment: One valuation analysis estimates Deere may be undervalued by approximately 16%, with cybersecurity developments adding a potential catalyst if the company can strengthen its technology and risk-management position. Deere Stock May Be 16% Undervalued on AI Cyberattack News
• Neutral Sentiment: Analysts expect Deere’s upcoming fourth-quarter report to show a single-digit increase in profit, keeping earnings expectations in focus ahead of the release. Deere & Company’s Earnings: What to Expect
• Negative Sentiment: Wheat’s prolonged decline is pressuring farmers’ incomes and balance sheets, which could eventually reduce demand for new agricultural equipment or delay replacement purchases. Farmers Are Getting Crushed as Wheat Slides for a Record Stretch

Deere & Company Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.