Deere & Company (NYSE:DE) Downgraded to "Strong Sell" Rating by Zacks Research

Key Points

• Deere & Company has been downgraded to a "strong sell" rating by Zacks Research, moving from a previously held "hold" rating.
• Multiple analysts have adjusted their price targets for the stock, with estimates ranging from $467 to $609 and a consensus rating of "Moderate Buy."
• In its latest earnings report, Deere reported $4.75 earnings per share, beating expectations, though the company experienced a 9% year-over-year revenue decline.

Deere & Company (NYSE:DE - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Monday,Zacks.com reports. Zacks Research also issued estimates for Deere & Company's Q4 2026 earnings at $4.78 EPS.

Several other equities research analysts also recently weighed in on DE. Robert W. Baird lowered their price target on Deere & Company from $488.00 to $467.00 and set a "neutral" rating for the company in a report on Monday, October 13th. UBS Group set a $535.00 price target on Deere & Company and gave the stock a "buy" rating in a report on Friday. Truist Financial raised their price target on Deere & Company from $602.00 to $609.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on Deere & Company from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Tuesday, October 14th. Finally, Wolfe Research cut their price objective on Deere & Company from $550.00 to $520.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $517.35.

Deere & Company Price Performance

Shares of NYSE DE opened at $460.01 on Monday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. The company has a market cap of $124.35 billion, a PE ratio of 24.05, a P/E/G ratio of 2.97 and a beta of 1.02. The business has a 50-day simple moving average of $471.43 and a two-hundred day simple moving average of $487.92. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.13. The business had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company's quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter last year, the company earned $6.29 earnings per share. As a group, equities analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Institutional Trading of Deere & Company

A number of hedge funds have recently modified their holdings of DE. Southland Equity Partners LLC raised its position in Deere & Company by 3.9% in the 2nd quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company's stock worth $271,000 after buying an additional 20 shares during the last quarter. Vivid Wealth Management LLC raised its position in Deere & Company by 1.9% in the 2nd quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company's stock worth $553,000 after buying an additional 20 shares during the last quarter. Werba Rubin Papier Wealth Management raised its position in Deere & Company by 3.0% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company's stock worth $344,000 after buying an additional 20 shares during the last quarter. Prairie Wealth Advisors Inc. raised its position in Deere & Company by 2.1% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company's stock worth $492,000 after buying an additional 20 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in Deere & Company by 1.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company's stock worth $852,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Company Profile

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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