Deere & Company (DE) Stock Forecast, Price & News

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last year. There are currently 7 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DE shares.
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19 Wall Street research analysts have issued 1-year target prices for Deere & Company's shares. Their DE share price forecasts range from $367.00 to $551.00. On average, they predict the company's share price to reach $450.86 in the next twelve months. This suggests a possible upside of 17.2% from the stock's current price.
View analysts price targets for DE or view top-rated stocks among Wall Street analysts.

Deere & Company's stock was trading at $428.76 at the beginning of the year. Since then, DE shares have decreased by 10.3% and is now trading at $384.66.
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Deere & Company saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,280,000 shares, an increase of 7.5% from the August 15th total of 2,120,000 shares. Based on an average daily volume of 1,490,000 shares, the short-interest ratio is presently 1.5 days. Currently, 0.9% of the shares of the stock are sold short.
View Deere & Company's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 22nd 2023.
View our DE earnings forecast.

Deere & Company (NYSE:DE) issued its earnings results on Friday, August, 18th. The industrial products company reported $10.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.22 by $1.98. The industrial products company had revenue of $14.28 billion for the quarter, compared to analysts' expectations of $14.14 billion. Deere & Company had a net margin of 16.36% and a trailing twelve-month return on equity of 46.15%. The company's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.16 EPS.
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Deere & Company announced a quarterly dividend on Wednesday, August 30th. Shareholders of record on Friday, September 29th will be given a dividend of $1.35 per share on Wednesday, November 8th. This represents a $5.40 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from the stock's previous quarterly dividend of $1.25.
Read our dividend analysis for DE.

ETFs with the largest weight of Deere & Company (NYSE:DE) stock in their portfolio include iShares MSCI Agriculture Producers ETF (VEGI), First Trust Indxx Global Agriculture ETF (FTAG), VanEck Agribusiness ETF (MOO), VanEck Future of Food ETF (YUMY), VanEck Natural Resources ETF (HAP), Global X AgTech & Food Innovation ETF (KROP), Mohr Growth ETF (MOHR) and IQ Winslow Focused Large Cap Growth ETF (IWFG).

Deere & Company (NYSE:DE) pays an annual dividend of $5.00 per share and currently has a dividend yield of 1.32%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DE will have a dividend payout ratio of 15.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DE.

213 employees have rated Deere & Company Chief Executive Officer John May on Glassdoor.com. John May has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Deere & Company investors own include Caterpillar (CAT), Intel (INTC), NVIDIA (NVDA), Boeing (BA), Johnson & Johnson (JNJ), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), AT&T (T), Micron Technology (MU) and Cisco Systems (CSCO).

Deere & Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "DE."

Shares of DE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DE stock can currently be purchased for approximately $384.66.

Deere & Company (NYSE:DE) has a market capitalization of $110.78 billion and generates $52.58 billion in revenue each year. The industrial products company earns $7.13 billion in net income (profit) each year or $33.84 on an earnings per share basis.

The company employs 82,200 workers across the globe.

Deere & Company's mailing address is ONE JOHN DEERE PLACE, MOLINE IL, 61265. The official website for the company is www.deere.com. The industrial products company can be reached via phone at (309) 765-8000 or via fax at 309-765-5671.