Brokerage Firm Rating Update on Deere & Company (DE)

Deere & Company (DE) has an average broker rating of 3.09, which is interpreted as a Hold, as rated by 15 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 4 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Deere & Company (DE) stock is expected to deviate a maximum of $9.62 from the average target price of $80.92 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $96 and the most muted being $63.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Argus Research, maintains their rating on the shares of Deere & Company (NYSE:DE). Argus Research has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $98 per share from a prior target of $90. The rating by the firm was issued on August 23, 2016.

Deere & Company (NYSE:DE): stock was range-bound between the intraday low of $83.77 and the intraday high of $84.4 after having opened at $84.2 on Wednesdays session. The stock finally closed in the red at $84.2, a loss of -0.53%. The stock remained in the red for the whole trading day. The total traded volume was 2,186,598 shares. The stock failed to cross $84.4 in Wednesdays trading. The stocks closing price on Thursday was $84.47.

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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