Deere & Company (NYSE:DE - Get Free Report) had its target price cut by analysts at UBS Group from $462.00 to $440.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. UBS Group's price target indicates a potential downside of 4.30% from the stock's previous close.
Other analysts also recently issued research reports about the stock. Truist Financial reissued a "buy" rating and set a $546.00 price objective (down previously from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Evercore ISI lifted their price target on shares of Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. StockNews.com cut Deere & Company from a "hold" rating to a "sell" rating in a report on Sunday, April 6th. JPMorgan Chase & Co. boosted their target price on Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Finally, Argus set a $510.00 price target on Deere & Company in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Deere & Company has a consensus rating of "Hold" and a consensus target price of $457.26.
Read Our Latest Stock Analysis on DE
Deere & Company Stock Performance
Shares of NYSE DE traded up $15.56 during midday trading on Monday, reaching $459.75. 1,245,049 shares of the company were exchanged, compared to its average volume of 1,434,904. The stock has a market cap of $124.78 billion, a P/E ratio of 20.38, a PEG ratio of 2.14 and a beta of 1.00. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05. The stock has a fifty day simple moving average of $470.92 and a 200 day simple moving average of $443.29. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94.
Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. On average, research analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Insider Transactions at Deere & Company
In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the transaction, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company's stock.
Institutional Investors Weigh In On Deere & Company
Institutional investors have recently made changes to their positions in the company. Pineridge Advisors LLC grew its holdings in shares of Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 26 shares during the last quarter. Modus Advisors LLC bought a new position in Deere & Company during the 4th quarter worth $32,000. YANKCOM Partnership acquired a new stake in Deere & Company in the fourth quarter worth $34,000. Orion Capital Management LLC bought a new stake in Deere & Company in the fourth quarter valued at $34,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Deere & Company during the fourth quarter valued at $35,000. 68.58% of the stock is currently owned by institutional investors.
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.
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