Deere & Company (NYSE:DE) Price Target Raised to $455.00 at Evercore ISI

Deere & Company (NYSE:DE) had its price objective hoisted by equities research analysts at Evercore ISI from $437.00 to $455.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “in-line” rating on the industrial products company’s stock. Evercore ISI’s price objective would suggest a potential downside of 8.32% from the company’s current price.

A number of other research firms also recently commented on DE. Truist Financial reiterated a “buy” rating and issued a $546.00 price objective (down previously from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Barclays upped their price objective on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Citigroup upped their price objective on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $454.65.

Deere & Company Trading Down 2.6 %

DE stock opened at $496.28 on Wednesday. The company has a market cap of $135.16 billion, a P/E ratio of 22.00, a PEG ratio of 2.17 and a beta of 0.98. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The business has a fifty day moving average of $451.08 and a 200-day moving average of $419.90.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, equities research analysts expect that Deere & Company will post 19.3 EPS for the current year.

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the transaction, the insider now directly owns 74,878 shares of the company’s stock, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

Institutional Trading of Deere & Company

Several institutional investors and hedge funds have recently bought and sold shares of DE. Ledyard National Bank raised its stake in Deere & Company by 3.3% in the third quarter. Ledyard National Bank now owns 1,231 shares of the industrial products company’s stock valued at $514,000 after buying an additional 39 shares during the period. Calton & Associates Inc. bought a new stake in Deere & Company in the third quarter valued at approximately $270,000. Fortis Group Advisors LLC raised its stake in Deere & Company by 357.8% in the third quarter. Fortis Group Advisors LLC now owns 618 shares of the industrial products company’s stock valued at $258,000 after buying an additional 483 shares during the period. Sequoia Financial Advisors LLC raised its stake in Deere & Company by 153.4% in the third quarter. Sequoia Financial Advisors LLC now owns 15,077 shares of the industrial products company’s stock valued at $6,292,000 after buying an additional 9,128 shares during the period. Finally, Eastern Bank raised its stake in Deere & Company by 293.7% in the third quarter. Eastern Bank now owns 4,059 shares of the industrial products company’s stock valued at $1,694,000 after buying an additional 3,028 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.