Deere & Company (NYSE:DE) Raised to Hold at Wall Street Zen

Deere & Company (NYSE:DE) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Other research analysts also recently issued reports about the company. Wolfe Research cut their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. UBS Group reiterated a “buy” rating on shares of Deere & Company in a research note on Tuesday, October 28th. Truist Financial raised their price target on Deere & Company from $602.00 to $609.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Sanford C. Bernstein upped their price objective on shares of Deere & Company from $487.00 to $521.00 and gave the company a “market perform” rating in a research note on Thursday, November 13th. Finally, Oppenheimer decreased their target price on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $520.05.

Deere & Company Stock Performance

NYSE:DE opened at $475.90 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The firm has a market cap of $128.65 billion, a PE ratio of 24.88, a P/E/G ratio of 3.05 and a beta of 1.04. The firm has a 50 day simple moving average of $465.93 and a 200-day simple moving average of $491.05. Deere & Company has a 1-year low of $396.14 and a 1-year high of $533.78.

Institutional Investors Weigh In On Deere & Company

Several large investors have recently made changes to their positions in the business. OLD National Bancorp IN grew its holdings in shares of Deere & Company by 2.6% in the 2nd quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock worth $12,204,000 after acquiring an additional 610 shares during the last quarter. Providence Capital Advisors LLC increased its stake in Deere & Company by 2.1% in the 1st quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company’s stock worth $6,871,000 after purchasing an additional 303 shares in the last quarter. Bragg Financial Advisors Inc raised its holdings in Deere & Company by 12.7% during the 1st quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company’s stock worth $3,386,000 after buying an additional 813 shares during the period. ASR Vermogensbeheer N.V. purchased a new stake in Deere & Company during the first quarter valued at about $13,588,000. Finally, United Asset Strategies Inc. purchased a new stake in Deere & Company during the first quarter valued at about $2,496,000. Institutional investors and hedge funds 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.