Stock Analysis:Deere & Company (NYSE:DE) Price Target Change
In analysts report sent to investors and clients by Societe Generale on Thursday, 26 November, Deere & Company (NYSE:DE) had its TP upgraded to $82.00. The firm at present has a solid “Hold” rating on shares.
From a total of 15 analysts covering Deere & Company (NYSE:DE) stock, 3 rate it a ”Buy”, 4 a “Sell”, and 8 a ”Hold”. This means that 20% of the ratings are positive. The highest target price is $105 while the lowest target price is $63. The mean of all analyst targets is $82.44 with a 2.96% above today’s ($80.07) stock price. Deere & Company was the topic of 28 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on November 19 with “Sell” rating. BMO Capital Markets maintained shares with “Market Perform” rating and $70 target share price in a report from an October 13. Societe Generale initiated DE stock in a recent report from November 16 with “Hold” rating. S&P Research maintained the rating on September 25. S&P Research has a “Strong Sell” rating and a $65 price target on shares. Finally, Avondale initiated the stock with “Market Outperform” rating in a report issued on an October 15.
The stock increased 4.89% or $3.73 on November 25, striking $80.07. Approximately 11.17 million shares of stock traded hands or 220.98% up from the average. Deere & Company (NYSE:DE) has declined 9.49% since April 24, 2015 and is downtrending. It has underperformed by 8.13% the S&P500.
Deere & Company is engaged in equipment activities and financial services. The company has a market cap of $26.25 billion. The Firm operates through three business divisions: agriculture and turf, construction and forestry, and financial services. It has 12.29 P/E ratio. The Company’s agriculture and turf segment primarily makes and distributes a full line of agriculture and turf equipment and related service parts.
According to Zacks Investment Research, “Deere & Company is the one world’s foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment. The company, in addition, provides credit, special technology, and managed health-care products and services. (Company Press Release)” Get a free copy of the Zacks research report on Deere & Company (DE)