Deere & Company (NYSE:DE) Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Deere & Company from “hold” to “sell,” despite the broader analyst consensus remaining “Moderate Buy” with a $643.38 target price.
• Deere reported stronger-than-expected quarterly results, with EPS of $5.10 and revenue of $12.61 billion, up 6.2% year over year.
• Shares opened at $648.61, near their 52-week high, while agriculture demand remains weak and the stock’s elevated valuation could limit upside if the farm-equipment recovery is delayed.

Deere & Company (NYSE:DE - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Deere & Company in a research note on Tuesday. Raymond James Financial reduced their price objective on Deere & Company from $765.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, May 22nd. Oppenheimer upped their target price on Deere & Company from $680.00 to $685.00 and gave the company an "outperform" rating in a report on Thursday. Citigroup increased their price target on shares of Deere & Company from $610.00 to $650.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Seaport Research Partners set a $570.00 price target on shares of Deere & Company in a report on Friday, August 14th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $643.38.

Deere & Company Price Performance

Shares of NYSE:DE opened at $648.61 on Friday. The firm's 50 day moving average is $606.90 and its two-hundred day moving average is $590.75. The firm has a market capitalization of $175.08 billion, a P/E ratio of 36.03, a PEG ratio of 2.63 and a beta of 0.90. The company has a current ratio of 2.10, a quick ratio of 1.95 and a debt-to-equity ratio of 1.45. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the firm posted $4.75 earnings per share. The business's revenue was up 6.2% on a year-over-year basis. Analysts anticipate that Deere & Company will post 18.23 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DE. Cary Street Partners Financial LLC boosted its position in Deere & Company by 11.8% during the fourth quarter. Cary Street Partners Financial LLC now owns 10,312 shares of the industrial products company's stock valued at $4,801,000 after purchasing an additional 1,086 shares during the last quarter. Baxter Bros Inc. acquired a new position in shares of Deere & Company during the 2nd quarter worth approximately $1,707,000. Global Retirement Partners LLC acquired a new position in shares of Deere & Company during the 2nd quarter worth approximately $3,890,000. Spectrum Financial Alliance Ltd LLC raised its stake in shares of Deere & Company by 55.8% during the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 85,351 shares of the industrial products company's stock worth $39,737,000 after purchasing an additional 30,553 shares in the last quarter. Finally, Westpac Banking Corp raised its stake in shares of Deere & Company by 78.6% during the 4th quarter. Westpac Banking Corp now owns 6,925 shares of the industrial products company's stock worth $3,224,000 after purchasing an additional 3,047 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company News Roundup

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

• Positive Sentiment: Q3 earnings and revenue beat expectations. Deere reported earnings of $5.10 per share, up from $4.75 a year earlier, on revenue of $12.61 billion, which rose about 6% year over year and exceeded analyst estimates. Deere Reports Third Quarter Net Income
• Positive Sentiment: Management raised its fiscal 2026 outlook. Deere increased its net-income forecast to $4.75 billion-$5.00 billion and expects $5.0 billion-$5.5 billion in equipment-operations cash flow, improving confidence in profitability and cash generation. Deere Raises FY2026 Outlook
• Positive Sentiment: Construction and forestry provided the key growth engine. Demand for bulldozers, excavators and other earth-moving equipment is largely booked through the rest of the year, supported by data-center and energy-infrastructure construction tied to artificial-intelligence investment. Deere Lifts Sales Guidance
• Positive Sentiment: The agricultural cycle may be nearing a bottom. Executives characterized fiscal 2026 as the likely trough for the agricultural equipment cycle and pointed to improving early order trends and potentially stronger demand in 2027. Deere also recognized $110 million in tariff refunds during the quarter. DE Q3 Earnings Call Highlights
• Neutral Sentiment: Analyst reactions were mixed but generally reflected higher estimates. Robert W. Baird raised its target to $640 and JPMorgan increased its target to $585, while both retained neutral ratings. Other analysts lifted targets as high as $685, indicating expectations have improved but also that valuation and limited near-term upside remain concerns. Deere Analysts Increase Forecasts
• Negative Sentiment: Agriculture remains a constraint. Production and precision agriculture demand is still weak, and Bank of America cautioned that any recovery may be gradual rather than a sharp cyclical rebound. The stock’s elevated valuation could make it vulnerable if farm-market improvement is delayed.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company's principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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