Deere & Company (NYSE:DE) Price Target Raised to $470.00 at JPMorgan Chase & Co.

Deere & Company (NYSE:DE) had its price objective increased by stock analysts at JPMorgan Chase & Co. from $450.00 to $470.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 8.75% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Barclays lifted their price target on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Citigroup cut their target price on Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research note on Tuesday. Truist Financial increased their price target on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research note on Friday, December 6th. Finally, Morgan Stanley increased their target price on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Deere & Company has an average rating of “Hold” and a consensus target price of $442.83.

Deere & Company Stock Up 0.5 %

NYSE:DE opened at $432.17 on Wednesday. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The stock has a 50 day moving average of $429.20 and a 200-day moving average of $400.87. The firm has a market capitalization of $117.70 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm’s revenue was down 32.8% on a year-over-year basis. During the same period in the prior year, the business earned $8.26 EPS. Analysts predict that Deere & Company will post 19.41 EPS for the current year.

Hedge Funds Weigh In On Deere & Company

A number of institutional investors and hedge funds have recently bought and sold shares of DE. Fairscale Capital LLC acquired a new stake in Deere & Company in the 2nd quarter worth $26,000. Modus Advisors LLC acquired a new position in shares of Deere & Company during the fourth quarter valued at about $32,000. Livelsberger Financial Advisory bought a new stake in shares of Deere & Company in the third quarter valued at about $32,000. Centennial Bank AR grew its position in Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after buying an additional 84 shares in the last quarter. Finally, Continuum Advisory LLC grew its position in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

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.