Deere & Company (DE) : Analyst Rating Update

Deere & Company (DE) : The consensus on Deere & Company (DE) based on 14 analyst recommendation on the company stock is 2.95, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Deere & Company (DE) : The consensus price target for Deere & Company (DE) is $78.17 for the short term with a standard deviation of $9.94. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $96, however, the pessimist price target for the company is $63.

Deere & Company (NYSE:DE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.05 and $78.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.47, notching a gain of 0.38% for the day. The total traded volume was 2,387,270 . The stock had closed at $79.17 on the previous day.

Also, Goldman Sachs upgrades its rating on Deere & Company (NYSE:DE). The global brokerage major raises the current price target from $87 per share to $105 per share. Analysts at the Goldman Sachs have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 3, 2016. The company shares have dropped -16.63% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $97.56 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $83.07 and the 200 Day Moving Average price is recorded at $80.03.

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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