Deere & Company (NYSE:DE) Given Market Perform Rating at BMO Capital Markets

Deere & Company (NYSE:DE - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities researchers at BMO Capital Markets in a report issued on Wednesday, MarketBeat Ratings reports. They currently have a $460.00 price target on the industrial products company's stock, up from their previous price target of $425.00. BMO Capital Markets' price objective suggests a potential downside of 9.77% from the company's previous close.

A number of other equities research analysts also recently commented on DE. JPMorgan Chase & Co. lifted their target price on Deere & Company from $490.00 to $540.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Wall Street Zen raised shares of Deere & Company from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Evercore ISI boosted their price target on Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Finally, Argus set a $510.00 price objective on Deere & Company in a research report on Friday, March 7th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $516.75.

Deere & Company Trading Down 1.1%

DE stock traded down $5.82 during mid-day trading on Wednesday, reaching $509.83. 850,750 shares of the stock traded hands, compared to its average volume of 1,410,310. The business has a 50-day moving average price of $472.60 and a two-hundred day moving average price of $458.36. The stock has a market capitalization of $138.37 billion, a PE ratio of 22.60, a PEG ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. Deere & Company has a one year low of $340.20 and a one year high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. The company had revenue of $11.17 billion during the quarter, compared to analysts' expectations of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Deere & Company's revenue for the quarter was down 17.9% on a year-over-year basis. During the same period last year, the business earned $8.53 EPS. Equities research analysts expect that Deere & Company will post 19.32 EPS for the current year.

Institutional Investors Weigh In On Deere & Company

Large investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC boosted its position in Deere & Company by 1.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company's stock valued at $852,000 after buying an additional 21 shares during the period. Tyler Stone Wealth Management increased its holdings in shares of Deere & Company by 1.7% in the 1st quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company's stock worth $577,000 after purchasing an additional 21 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in shares of Deere & Company by 2.2% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock worth $426,000 after buying an additional 22 shares during the last quarter. Sunbelt Securities Inc. grew its position in Deere & Company by 2.4% during the first quarter. Sunbelt Securities Inc. now owns 925 shares of the industrial products company's stock valued at $434,000 after buying an additional 22 shares during the period. Finally, Hayek Kallen Investment Management grew its stake in shares of Deere & Company by 1.7% during the 1st quarter. Hayek Kallen Investment Management now owns 1,299 shares of the industrial products company's stock valued at $610,000 after acquiring an additional 22 shares during the period. Institutional investors own 68.58% of the company's stock.

About Deere & Company

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.