Deere & Company (NYSE:DE) Stock Rating Reaffirmed by Jefferies Group LLC

Deere & Company (NYSE:DE)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group LLC in a research report issued on Thursday. They currently have a $125.00 target price on the industrial products company’s stock. Jefferies Group LLC’s price objective would indicate a potential downside of 1.30% from the company’s current price.

Several other equities research analysts have also recently weighed in on DE. Credit Suisse Group set a $132.00 price objective on Deere & Company and gave the stock a “buy” rating in a report on Saturday, May 20th. Barclays PLC set a $100.00 price objective on Deere & Company and gave the stock a “sell” rating in a report on Sunday, June 4th. Citigroup Inc. increased their price objective on Deere & Company from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, June 9th. BidaskClub cut Deere & Company from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Berenberg Bank dropped their price objective on Deere & Company from $100.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, June 28th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $122.25.

Deere & Company (NYSE:DE) opened at 126.64 on Thursday. The firm has a market capitalization of $40.51 billion, a price-to-earnings ratio of 22.80 and a beta of 0.66. The company has a 50 day moving average price of $122.43 and a 200-day moving average price of $111.76. Deere & Company has a 1-year low of $76.73 and a 1-year high of $128.37.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Friday, May 19th. The industrial products company reported $2.49 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.79. Deere & Company had a return on equity of 24.85% and a net margin of 6.52%. The business had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the business posted $1.56 EPS. The business’s revenue was up 2.2% on a year-over-year basis. On average, analysts forecast that Deere & Company will post $6.29 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, June 30th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Wednesday, June 28th. Deere & Company’s dividend payout ratio (DPR) is presently 43.24%.

COPYRIGHT VIOLATION NOTICE: “Deere & Company (NYSE:DE) Stock Rating Reaffirmed by Jefferies Group LLC” was reported by WKRB News and is owned by of WKRB News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.wkrb13.com/markets/2284087/deere-company-nysede-stock-rating-reaffirmed-by-jefferies-group-llc.html.

In related news, VP Marc A. Howze sold 6,624 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $119.59, for a total transaction of $792,164.16. Following the completion of the transaction, the vice president now owns 9,004 shares of the company’s stock, valued at approximately $1,076,788.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Cory J. Reed sold 5,601 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $123.00, for a total value of $688,923.00. Following the transaction, the insider now directly owns 10,568 shares of the company’s stock, valued at approximately $1,299,864. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,612 shares of company stock valued at $13,149,023. 0.85% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of DE. Ledyard National Bank raised its stake in Deere & Company by 5.0% in the first quarter. Ledyard National Bank now owns 1,050 shares of the industrial products company’s stock worth $114,000 after buying an additional 50 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in Deere & Company by 1.4% in the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock worth $123,000 after buying an additional 16 shares during the last quarter. MCF Advisors LLC raised its stake in Deere & Company by 26.2% in the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock worth $126,000 after buying an additional 241 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Deere & Company during the fourth quarter worth approximately $142,000. Finally, Advantage Investment Management LLC acquired a new stake in Deere & Company during the fourth quarter worth approximately $143,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Deere & Company Company Profile

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

Analyst Recommendations for Deere & Company (NYSE:DE)

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2284087/deere-company-nysede-stock-rating-reaffirmed-by-jefferies-group-llc.html

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.