Deere & Company

(New York Stock Exchange)
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Somewhat Bullish +45

FY2027 EPS Estimate for Deere & Company Decreased by Analyst

AI-generated analysis

πŸ“‰ Erste Group Bank cut its FY2027 EPS forecast for Deere & Company from $23.00 to $22.81.

πŸ“ˆ Truist Financial raised its price target to $812.00 and reaffirmed a 'buy' rating on the stock.

πŸ“Š The company reported Q2 EPS of $6.55, beating consensus estimates of $5.70 by $0.85.

πŸ’° Deere & Company generated quarterly revenue of $13.37 billion, representing a 5.4% year-over-year increase.

πŸ“… A quarterly dividend of $1.62 per share will be paid to stockholders on August 10th.

🏦 Barclays increased its price target from $530.00 to $640.00 with an 'overweight' rating.

πŸ“‰ Bank of America lowered its price target to $607.50 and assigned a 'neutral' rating.

πŸ“Š The stock currently trades at a P/E ratio of 33.86 with a market capitalization of $161.31 billion.

πŸ›οΈ Institutional investors own 68.58% of the company's outstanding shares.

πŸ” Fourteen analysts rate the stock as a 'Buy' while nine maintain a 'Hold' rating.

Bullish Signals
  • Deere & Company beat quarterly earnings expectations with EPS of $6.55 versus an analyst consensus of $5.70.
  • The company achieved revenue growth of 5.4% year-over-year, reporting $13.37 billion in quarterly sales.
  • Truist Financial raised its price objective to $812.00 and maintained a 'buy' rating on the stock.
  • Barclays upgraded its price target significantly from $530.00 to $640.00 with an 'overweight' recommendation.
  • The firm maintains a strong balance sheet with a current ratio of 2.18 and a quick ratio of 1.95.
  • Institutional investors continue to accumulate shares, with multiple firms adding new positions totaling over $143,000 in the recent quarters.
Risk Factors
  • Erste Group Bank reduced its full-year 2027 EPS estimate from $23.00 to $22.81.
  • Bank of America lowered its price target to $607.50 and issued a 'neutral' rating on the stock.
Full Analysis
Erste Group Bank has lowered its full-year 2027 earnings per share (EPS) estimate for Deere & Company to $22.81 from a previous forecast of $23.00, citing a reduction in analyst expectations for the industrial manufacturer. Despite this specific downgrade, the broader analyst consensus remains positive with a full-year EPS target of $18.13 and a 'Moderate Buy' rating supported by a consensus price target near $643. Several major institutions have recently raised their price targets or maintained buy ratings on the stock. The company reported strong quarterly results in May, beating earnings estimates with $6.55 per share and revenue of $13.37 billion, which was up 5.4% year-over-year. The firm also maintains a healthy balance sheet with a debt-to-equity ratio of 1.54 and recently announced a quarterly dividend of $1.62 payable in August. Institutional ownership remains high at 68.58%, with several wealth management firms adding new positions to their portfolios in the third and fourth quarters, indicating continued investor interest despite mixed analyst price targets.