Deere & Company (DE) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 98 from a previous price target of $80 . RBC Capital Mkts advised their investors in a research report released on Nov 25, 2016.
Many Wall Street Analysts have commented on Deere & Company. Deere & Company was Upgraded by Longbow to ” Neutral” on Nov 25, 2016. Company shares were Upgraded by Robert W. Baird on Oct 31, 2016 to ” Outperform”, Firm has raised the Price Target to $ 100 from a previous price target of $86 .Deere & Company was Upgraded by Wells Fargo to ” Outperform” on Oct 10, 2016.
On the company’s financial health, Deere & Company reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.51 according to the earnings call on Nov 23, 2016. Analyst had a consensus of $0.39. The company had revenue of $5650.00 million for the quarter, compared to analysts expectations of $5363.20 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.08 EPS.
Deere & Company opened for trading at $91.69 and hit $92.19 on the upside on Monday, eventually ending the session at $91.96, with a gain of 0.21% or 0.19 points. The heightened volatility saw the trading volume jump to 23,98,470 shares. Company has a market cap of $28,914 M.
In a different news, on Nov 23, 2016, John C Ii May (President, Ag Solutions & CIO) sold 18,614 shares at $96.83 per share price. According to the SEC, on Dec 2, 2015, Rajesh Kalathur (Senior Vice President & CFO) sold 4,366 shares at $79.52 per share price. On Jul 1, 2015, Jean H Gilles (Senior Vice President) sold 4,463 shares at $98.21 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.