Deere & Company (DE) Given Hold Rating at Robert W. Baird

Deere & Company (NYSE:DE)‘s stock had its “hold” rating reissued by stock analysts at Robert W. Baird in a research note issued to investors on Thursday. They presently have a $140.00 price objective on the industrial products company’s stock. Robert W. Baird’s price target suggests a potential upside of 9.57% from the company’s current price.

Other equities analysts also recently issued research reports about the company. BidaskClub downgraded Deere & from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) initiated coverage on Deere & in a research report on Tuesday, August 8th. They set a “buy” rating on the stock. Credit Suisse Group set a $148.00 price target on Deere & and gave the stock a “buy” rating in a research report on Friday, August 18th. Argus reiterated a “buy” rating and set a $140.00 price target on shares of Deere & in a research report on Tuesday, August 22nd. Finally, Stifel Nicolaus set a $135.00 price target on Deere & and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company. Deere & has a consensus rating of “Hold” and a consensus price target of $127.97.

Shares of Deere & (DE) traded up 0.73% during mid-day trading on Thursday, reaching $128.70. The company had a trading volume of 723,430 shares. Deere & has a 52 week low of $85.27 and a 52 week high of $132.50. The stock has a 50 day moving average of $121.20 and a 200-day moving average of $120.36. The company has a market capitalization of $41.35 billion, a price-to-earnings ratio of 21.38 and a beta of 0.69.

Deere & (NYSE:DE) last issued its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The company had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. Deere &’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.55 earnings per share. On average, analysts expect that Deere & will post $6.52 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://www.com-unik.info/2017/10/12/deere-company-de-given-hold-rating-at-robert-w-baird.html.

In other Deere & news, insider Jean H. Gilles sold 12,361 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $129.90, for a total transaction of $1,605,693.90. Following the completion of the sale, the insider now owns 74,981 shares of the company’s stock, valued at $9,740,031.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John C. May II sold 22,095 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $127.04, for a total value of $2,806,948.80. Following the sale, the insider now directly owns 51,429 shares of the company’s stock, valued at approximately $6,533,540.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,023 shares of company stock valued at $14,185,962. 0.85% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System increased its stake in Deere & by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the industrial products company’s stock worth $2,262,000 after acquiring an additional 300 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Deere & by 3.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,139,980 shares of the industrial products company’s stock worth $140,891,000 after acquiring an additional 40,269 shares during the last quarter. Dai Ichi Life Insurance Company Ltd boosted its position in shares of Deere & by 42.1% during the first quarter. Dai Ichi Life Insurance Company Ltd now owns 21,438 shares of the industrial products company’s stock worth $2,334,000 after buying an additional 6,353 shares during the period. Ngam Advisors L.P. boosted its position in shares of Deere & by 20.8% during the first quarter. Ngam Advisors L.P. now owns 427,136 shares of the industrial products company’s stock worth $46,498,000 after buying an additional 73,484 shares during the period. Finally, Burney Co. boosted its position in shares of Deere & by 1.8% during the first quarter. Burney Co. now owns 191,616 shares of the industrial products company’s stock worth $20,859,000 after buying an additional 3,348 shares during the period. 66.17% of the stock is owned by institutional investors.

Deere & 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 & (NYSE:DE)

What are top analysts saying about Deere & Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Deere & Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit