Deere & Company (NYSE:DE) was downgraded by stock analysts at Vertical Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, The Fly reports.
Other research analysts have also issued research reports about the stock. DZ Bank lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Credit Suisse Group reduced their price objective on shares of Deere & Company from $211.00 to $209.00 and set an “outperform” rating for the company in a research note on Tuesday, February 19th. Zacks Investment Research upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a research note on Monday, February 4th. Barclays reiterated a “buy” rating and set a $180.00 price objective on shares of Deere & Company in a research note on Tuesday, February 19th. Finally, Berenberg Bank assumed coverage on shares of Deere & Company in a research note on Thursday, May 9th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $171.47.
NYSE:DE opened at $134.82 on Monday. Deere & Company has a one year low of $128.32 and a one year high of $169.99. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.98 and a quick ratio of 1.68. The stock has a market capitalization of $42.94 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90.
Institutional investors have recently modified their holdings of the business. Destination Wealth Management boosted its holdings in shares of Deere & Company by 20,500.0% in the 4th quarter. Destination Wealth Management now owns 206 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 205 shares during the last quarter. Private Ocean LLC boosted its holdings in Deere & Company by 560.0% during the first quarter. Private Ocean LLC now owns 198 shares of the industrial products company’s stock worth $32,000 after buying an additional 168 shares in the last quarter. Ellis Investment Partners LLC purchased a new stake in Deere & Company during the first quarter worth $33,000. Oregon Public Employees Retirement Fund boosted its holdings in Deere & Company by 14,550.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,214,983 shares of the industrial products company’s stock worth $35,000 after buying an additional 5,179,386 shares in the last quarter. Finally, Athena Capital Advisors LLC purchased a new stake in Deere & Company during the fourth quarter worth $36,000. Institutional investors and hedge funds own 68.93% of the company’s stock.
Deere & Company Company Profile
Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.
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