UBS Group set a $177.00 target price on Deere & Company (NYSE:DE) in a research note issued to investors on Friday, www.stocktargetadvisor.com reports. The firm currently has a buy rating on the industrial products company’s stock.
DE has been the subject of a number of other reports. Zacks Investment Research downgraded Deere & Company from a hold rating to a sell rating in a report on Tuesday, November 20th. Deutsche Bank set a $155.00 price target on Deere & Company and gave the stock a hold rating in a report on Wednesday, September 5th. Cfra set a $158.00 price target on Deere & Company and gave the stock a hold rating in a report on Wednesday, November 21st. William Blair reaffirmed a hold rating on shares of Deere & Company in a report on Friday. Finally, Robert W. Baird set a $165.00 price target on Deere & Company and gave the stock a buy rating in a report on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $176.29.
NYSE:DE opened at $148.92 on Friday. The firm has a market capitalization of $45.95 billion, a P/E ratio of 15.86, a P/E/G ratio of 2.20 and a beta of 0.97. Deere & Company has a 12-month low of $128.32 and a 12-month high of $175.26. The company has a quick ratio of 1.67, a current ratio of 1.92 and a debt-to-equity ratio of 2.41.
Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 21st. The industrial products company reported $2.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.44 by ($0.14). The business had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.59 billion. Deere & Company had a return on equity of 29.61% and a net margin of 6.34%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the firm earned $1.57 earnings per share. Equities research analysts predict that Deere & Company will post 11.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Friday, September 28th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Thursday, September 27th. Deere & Company’s dividend payout ratio (DPR) is currently 29.39%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Third Point LLC acquired a new position in Deere & Company in the 2nd quarter valued at about $153,780,000. Charles Schwab Investment Advisory Inc. acquired a new position in Deere & Company in the 2nd quarter valued at about $138,797,000. Standard Life Aberdeen plc increased its position in Deere & Company by 532.2% in the 3rd quarter. Standard Life Aberdeen plc now owns 832,656 shares of the industrial products company’s stock valued at $125,190,000 after acquiring an additional 700,946 shares during the period. Morgan Stanley increased its position in Deere & Company by 56.1% in the 3rd quarter. Morgan Stanley now owns 1,874,873 shares of the industrial products company’s stock valued at $281,850,000 after acquiring an additional 674,058 shares during the period. Finally, Findlay Park Partners LLP increased its position in Deere & Company by 86.4% in the 2nd quarter. Findlay Park Partners LLP now owns 1,359,572 shares of the industrial products company’s stock valued at $190,068,000 after acquiring an additional 630,000 shares during the period. Institutional investors and hedge funds own 65.26% of the company’s stock.
Deere & Company Company Profile
Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.
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