Revenue Update on Deere & Company(NYSE:DE)

Deere & Company(NYSE:DE) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Aug 19, 2016. Company reported revenue of $6.72B. Analysts estimated a revenue of $6.09B. Earnings per share were $1.55. Analysts had estimated an EPS of $0.94.

In a different note, On Jul 29, 2016, UBS said it Downgrades its rating on Deere & Company. In the research note, the firm Lowers the price-target to $94.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 25, 2016, PiperJaffray said it Downgrades its rating on Deere & Company. The shares have been rated ‘Underweight’ by the firm. On Jun 3, 2016, Goldman Sachs said it Upgrades its rating on Deere & Company. In the research note, the firm Raises the price-target to $87.00 per share. The shares have been rated ‘Buy’ by the firm. On May 31, 2016, UBS said it Upgrades its rating on Deere & Company. In the research note, the firm Raises the price-target to $82.00 per share. The shares have been rated ‘Buy’ by the firm. On May 24, 2016, BMO Capital said it Upgrades its rating on Deere & Company. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Outperform’ by the firm.

Deere & Company (DE) made into the market gainers list on Mondays trading session with the shares advancing 0.22% or 0.19 points. Due to strong positive momentum, the stock ended at $86.93, which is also near the day’s high of $87.05. The stock began the session at $86.66 and the volume stood at 20,07,601 shares. The 52-week high of the shares is $88.63 and the 52 week low is $70.16. The company has a current market capitalization of $27,319 M and it has 31,42,58,890 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2015, Rajesh Kalathur (Senior Vice President & CFO) sold 4,366 shares at $79.52 per share price.Also, On Jul 1, 2015, Jean H Gilles (Senior Vice President) sold 4,463 shares at $98.21 per share price.On Jun 30, 2015, Max A Guinn (President, WW C&F, Lbr Rltns) sold 14,374 shares at $97.32 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Company’s 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 Company’s 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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