Deere & Company (NYSE:DE) Given New $517.00 Price Target at Morgan Stanley

Deere & Company (NYSE:DE – Get Rating) had its price target decreased by Morgan Stanley from $537.00 to $517.00 in a research report released on Monday, The Fly reports.

DE has been the subject of several other reports. Evercore ISI cut their price target on shares of Deere & Company from $455.00 to $418.00 in a report on Tuesday, May 9th. Robert W. Baird cut their price target on shares of Deere & Company from $512.00 to $445.00 in a report on Monday. DA Davidson reissued a buy rating and set a $520.00 price target on shares of Deere & Company in a report on Tuesday, February 21st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Deere & Company from $449.00 to $440.00 in a report on Friday, May 12th. Finally, Argus boosted their target price on shares of Deere & Company from $475.00 to $485.00 and gave the stock a buy rating in a research note on Tuesday, February 21st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $443.86.

Deere & Company Price Performance

NYSE:DE opened at $354.88 on Monday. The company has a 50-day moving average of $382.18 and a 200-day moving average of $408.66. The company has a market capitalization of $105.16 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.89 and a beta of 1.03. Deere & Company has a 52 week low of $283.81 and a 52 week high of $448.40. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.70 and a current ratio of 1.96.

Deere & Company (NYSE:DE – Get Rating) last announced its quarterly earnings results on Friday, May 19th. The industrial products company reported $9.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.57 by $1.08. Deere & Company had a net margin of 15.00% and a return on equity of 43.11%. The firm had revenue of $16.08 billion during the quarter, compared to the consensus estimate of $14.87 billion. During the same period last year, the firm posted $6.81 EPS. The firm’s quarterly revenue was up 33.6% on a year-over-year basis. As a group, equities research analysts anticipate that Deere & Company will post 31.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DE. TCI Wealth Advisors Inc. lifted its holdings in Deere & Company by 1.5% during the third quarter. TCI Wealth Advisors Inc. now owns 1,694 shares of the industrial products company’s stock valued at $566,000 after purchasing an additional 25 shares during the last quarter. Lion Street Advisors LLC lifted its holdings in Deere & Company by 2.0% during the fourth quarter. Lion Street Advisors LLC now owns 1,265 shares of the industrial products company’s stock valued at $433,000 after purchasing an additional 25 shares during the last quarter. Mayflower Financial Advisors LLC lifted its holdings in Deere & Company by 2.6% during the fourth quarter. Mayflower Financial Advisors LLC now owns 972 shares of the industrial products company’s stock valued at $417,000 after purchasing an additional 25 shares during the last quarter. Sterling Investment Counsel LLC lifted its holdings in Deere & Company by 3.3% during the fourth quarter. Sterling Investment Counsel LLC now owns 821 shares of the industrial products company’s stock valued at $352,000 after purchasing an additional 26 shares during the last quarter. Finally, ETF Managers Group LLC lifted its holdings in Deere & Company by 1.5% during the first quarter. ETF Managers Group LLC now owns 1,746 shares of the industrial products company’s stock valued at $721,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 75.72% of the company’s stock.

Deere & Company Company Profile

(Get Rating)

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.