Deere & Company

(New York Stock Exchange)
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Somewhat Bullish +50

Deere & Company (NYSE:DE) Receives Consensus Recommendation of ...

AI-generated analysis

πŸ“Š Shares of Deere & Company (NYSE:DE) hold an average analyst rating of "Moderate Buy" based on recommendations from twenty-three covering firms.

🀝 Of the analysts providing specific ratings, fourteen have issued a "buy" recommendation while nine have rated the stock as a "hold".

🎯 The consensus 12-month price objective among brokerages is set at $639.5750.

πŸ“ˆ Argus raised its target price to $700.00 and maintained a "buy" rating in a March 3rd research note.

πŸ“‰ Bank of America lowered its target price to $607.50 and assigned a "neutral" rating on May 22nd.

πŸ“‰ Citigroup also reduced its target price to $595.00 with a "neutral" rating in a report dated May 22nd.

πŸ“‰ Oppenheimer restated an "outperform" rating but lowered its target price to $680.00 on May 27th.

πŸ“‰ Raymond James Financial decreased its target price to $700.00 while keeping an "outperform" rating as of May 22nd.

πŸ’° Deere reported quarterly earnings of $6.55 EPS, surpassing the consensus estimate of $5.70 by $0.85.

πŸ“ˆ The company generated revenue of $13.37 billion for the quarter, representing a 5.4% year-over-year increase.

🏭 Deere achieved a net margin of 10.09% and a return on equity of 18.25% during the reported quarter.

πŸ’΅ The company announced a quarterly dividend of $1.62 per share payable to investors of record on June 30th.

πŸ“… The ex-dividend date is set for Tuesday, June 30th, with payments scheduled for August 10th.

πŸ“‰ The current stock price opened at $598.81, trading above its 50-day moving average of $573.34.

🏒 Deere & Company has a market capitalization of $161.64 billion and a P/E ratio of 33.93.

🚜 Founded in 1837 by John Deere, the company is a global manufacturer of agricultural, construction, and forestry machinery headquartered in Moline, Illinois.

Bullish Signals
  • Deere & Company shares received an average 'Moderate Buy' recommendation from twenty-three ratings firms, with fourteen analysts specifically issuing a buy rating.
  • Argus raised its target price on Deere & Company to $700.00 and reaffirmed a 'buy' rating, signaling strong upside potential.
  • The company reported quarterly EPS of $6.55, which significantly topped the consensus estimate of $5.70 by $0.85.
  • Revenue reached $13.37 billion for the quarter, beating analyst expectations of $11.55 billion and growing 5.4% year-over-year.
  • Deere & Company demonstrated strong profitability with a net margin of 10.09% and a return on equity of 18.25%.
  • The firm announced a quarterly dividend of $1.62 per share, payable on August 10th, providing a yield of 1.1% to shareholders.
  • Financial health remains robust with a quick ratio of 1.95 and a current ratio of 2.18, indicating strong liquidity.
Full Analysis
Shares of Deere & Company (NYSE:DE) currently hold a consensus recommendation of "Moderate Buy" based on assessments from twenty-three ratings firms, with fourteen analysts issuing buy recommendations and nine issuing hold ratings. The average 12-month price objective among these brokerages is $639.5750. Recent analyst activity has shown mixed adjustments to target prices; Argus raised its target from $540.00 to $700.00 with a "buy" rating on March 3rd, while Bank of America and Citigroup lowered their targets to $607.50 and $595.00 respectively, assigning "neutral" ratings in late May reports. Oppenheimer restated an "outperform" rating with a target of $680.00, and Raymond James Financial reduced its target to $700.00 while maintaining an "outperform" stance. Financial metrics for the company indicate a market capitalization of $161.64 billion, a price-to-earnings ratio of 33.93, and a beta of 0.92. The stock recently opened at $598.81, trading between a fifty-two week low of $433.00 and a high of $674.19. Liquidity ratios show a quick ratio of 1.95 and a current ratio of 2.18, with a debt-to-equity ratio of 1.54. Moving averages place the 50-day average at $573.34 and the 200-day average at $554.17. These figures reflect the company's position as a global manufacturer headquartered in Moline, Illinois, known for agricultural, construction, and forestry machinery founded by John Deere in 1837. In its most recent earnings report released on May 21st, Deere & Company reported quarterly EPS of $6.55, surpassing the consensus estimate of $5.70 by $0.85. The company achieved a net margin of 10.09% and a return on equity of 18.25%, with revenue reaching $13.37 billion against analyst expectations of $11.55 billion. This represents a 5.4% year-over-year increase in revenue, while the prior year's quarterly EPS was $6.64. Analysts project full-year earnings per share of 18.13 for the current year. Additionally, the company announced a quarterly dividend of $1.62 per share payable on August 10th to shareholders of record by June 30th, resulting in an annualized yield of 1.1% and a dividend payout ratio of 36.71%.