Oppenheimer Raises Deere & Company (NYSE:DE) Price Target to $560.00

Deere & Company (NYSE:DE - Get Free Report) had its price target raised by stock analysts at Oppenheimer from $555.00 to $560.00 in a research report issued to clients and investors on Tuesday, July 15th, MarketBeat.com reports. The firm presently has an "outperform" rating on the industrial products company's stock. Oppenheimer's price target would suggest a potential upside of 10.20% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group restated a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Bank of America increased their price objective on Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wall Street Zen downgraded Deere & Company from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. Citigroup decreased their price objective on Deere & Company from $550.00 to $525.00 and set a "neutral" rating on the stock in a report on Friday, May 30th. Finally, Evercore ISI boosted their price objective on shares of Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $515.50.

Deere & Company Stock Down 0.8%

Shares of Deere & Company stock opened at $508.18 on Tuesday. The company's fifty day simple moving average is $512.26 and its two-hundred day simple moving average is $485.87. The company has a market cap of $137.63 billion, a P/E ratio of 24.59, a PEG ratio of 3.25 and a beta of 1.08. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76. Deere & Company has a 12-month low of $340.20 and a 12-month high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating the consensus estimate of $5.72 by $0.92. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The firm had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm posted $8.53 earnings per share. The business's revenue for the quarter was down 17.9% on a year-over-year basis. Research analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Institutional Trading of Deere & Company

Large investors have recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its position in shares of Deere & Company by 0.9% in the 2nd quarter. Asset Management One Co. Ltd. now owns 107,955 shares of the industrial products company's stock worth $54,894,000 after purchasing an additional 962 shares in the last quarter. Strategic Blueprint LLC grew its position in shares of Deere & Company by 32.3% during the second quarter. Strategic Blueprint LLC now owns 627 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 153 shares in the last quarter. Granite Harbor Advisors Inc. grew its position in Deere & Company by 5.9% in the second quarter. Granite Harbor Advisors Inc. now owns 668 shares of the industrial products company's stock worth $340,000 after acquiring an additional 37 shares in the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in shares of Deere & Company during the second quarter valued at approximately $217,000. Finally, Caliber Wealth Management LLC KS bought a new stake in shares of Deere & Company during the second quarter valued at approximately $340,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

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.