Deere & Company (NYSE:DE) Downgraded to “Strong Sell” Rating by Zacks Research

Deere & Company (NYSE:DE) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports. Zacks Research also issued estimates for Deere & Company’s Q4 2026 earnings at $4.78 EPS.

Several other equities research analysts have also commented on DE. Truist Financial upped their price target on shares of Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Evercore ISI set a $491.00 price objective on Deere & Company in a research note on Tuesday, August 19th. JPMorgan Chase & Co. cut their price objective on Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, Citigroup cut their price objective on Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $517.35.

Deere & Company Price Performance

NYSE DE opened at $460.01 on Monday. Deere & Company has a 52 week low of $387.03 and a 52 week high of $533.78. The firm has a market capitalization of $124.35 billion, a P/E ratio of 24.05, a PEG ratio of 2.97 and a beta of 1.02. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average price of $471.43 and a 200-day moving average price of $487.92.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the firm earned $6.29 EPS. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. Equities research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mid American Wealth Advisory Group Inc. bought a new position in shares of Deere & Company during the 2nd quarter valued at approximately $25,000. Activest Wealth Management boosted its position in shares of Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Howard Hughes Medical Institute bought a new position in shares of Deere & Company during the 2nd quarter valued at approximately $27,000. Hughes Financial Services LLC bought a new position in shares of Deere & Company during the 1st quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 36 shares during the last quarter. 68.58% of the stock is currently owned by 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.