Analyst Rating Update on Deere & Company (DE)

Deere & Company (NYSE:DE) : Zacks Investment Research ranks Deere & Company (NYSE:DE) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.95, which indicates as a Hold.

Deere & Company (NYSE:DE) : The most positive equity analysts on Deere & Company (NYSE:DE) expects the shares to touch $96, whereas, the least positive believes that the stock will trade at $63 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $78.17 with an expected fluctuation of $9.94 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Goldman Sachs upgrades their rating on the shares of Deere & Company (NYSE:DE). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm raises the price target to $105 per share from $87 per share. The rating by the firm was issued on June 3, 2016.

Deere & Company (NYSE:DE): stock turned positive on Tuesday. Though the stock opened at $80.93, the bulls momentum made the stock top out at $81.85 level for the day. The stock recorded a low of $80.04 and closed the trading day at $81.38, in the green by 1.75%. The total traded volume for the day was 2,537,948. The stock had closed at $79.98 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Kalathur Rajesh, officer (Senior Vice President & CFO) of Deere & Co, had unloaded 4,366 shares at an average price of $79.52 in a transaction dated on December 2, 2015. The total value of the transaction was worth $347,184.

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Companys agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Companys construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The Companys financial services segment primarily provides credit services, which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.

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