Deere & Co. (NYSE:DE) was upgraded by stock analysts at Piper Jaffray Cos. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Monday. The firm currently has a $100.00 price target on the stock, up from their previous price target of $70.00. Piper Jaffray Cos.’s price target suggests a potential downside of 0.35% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. Vetr upgraded shares of Deere & Co. from a “hold” rating to a “buy” rating and set a $80.57 price objective on the stock in a research note on Monday, August 15th. Wells Fargo & Co. reiterated an “outperform” rating and issued a $121.50 price target (up previously from $101.50) on shares of Deere & Co. in a research note on Monday. Longbow Research upgraded shares of Deere & Co. from an “underperform” rating to a “neutral” rating in a research note on Friday, November 25th. TheStreet lowered shares of Deere & Co. from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Finally, Clarkson Capital upgraded shares of Deere & Co. from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 18th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. Deere & Co. has an average rating of “Hold” and an average target price of $90.24.

Analyst Recommendations for Deere & Co. (NYSE:DE)

Deere & Co. (NYSE:DE) opened at 100.35 on Monday. The firm’s 50-day moving average is $89.83 and its 200 day moving average is $84.32. Deere & Co. has a 52-week low of $70.16 and a 52-week high of $104.83. The firm has a market capitalization of $31.59 billion, a P/E ratio of 20.86 and a beta of 0.71.

Deere & Co. (NYSE:DE) last released its quarterly earnings data on Wednesday, November 23rd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.50. The company had revenue of $6.52 billion for the quarter. Deere & Co. had a net margin of 5.72% and a return on equity of 21.54%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 earnings per share. Equities analysts anticipate that Deere & Co. will post $4.32 EPS for the current year.

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In other news, insider John C. May II sold 18,614 shares of the stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $96.46, for a total transaction of $1,795,506.44. Following the completion of the sale, the insider now directly owns 28,926 shares in the company, valued at $2,790,201.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Max A. Guinn sold 36,402 shares of the stock in a transaction on Friday, November 25th. The stock was sold at an average price of $102.94, for a total transaction of $3,747,221.88. Following the sale, the insider now owns 55,427 shares of the company’s stock, valued at $5,705,655.38. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Several large investors have recently bought and sold shares of DE. Hartford Financial Management Inc. boosted its stake in Deere & Co. by 5.2% in the third quarter. Hartford Financial Management Inc. now owns 1,210 shares of the company’s stock valued at $103,000 after buying an additional 60 shares during the period. Jolley Asset Management LLC boosted its stake in Deere & Co. by 14.0% in the third quarter. Jolley Asset Management LLC now owns 1,225 shares of the company’s stock valued at $105,000 after buying an additional 150 shares during the period. CWM LLC boosted its stake in Deere & Co. by 94.6% in the third quarter. CWM LLC now owns 1,234 shares of the company’s stock valued at $105,000 after buying an additional 600 shares during the period. Washington Trust Bank boosted its stake in Deere & Co. by 59.0% in the second quarter. Washington Trust Bank now owns 1,240 shares of the company’s stock valued at $100,000 after buying an additional 460 shares during the period. Finally, Cornerstone Advisors Inc. boosted its stake in Deere & Co. by 6.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,268 shares of the company’s stock valued at $108,000 after buying an additional 72 shares during the period. Institutional investors own 71.68% of the company’s stock.

Deere & Co. Company Profile

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

5 Day Chart for NYSE:DE

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