Deere & Company (DE): Price Target and June Short Interest Disclosure

Deere & Company (DE) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $96 and the lowest price target forecast is $63. The average forecast of all the analysts is $77.83 and the expected standard deviation is $9.87.

Deere & Company (DE) has witnessed a rise of 1.3% or 395,213 shares in its short figure. The short interest augmentation took it from 31,382,782 on June 15,2016 to 31,777,995 on June 30,2016. In terms of floated shares, the short interest was calculated to be 10.1%. The days to cover are 10 given that the daily volume averaged 3,220,145 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Goldman Sachs upgrades its ratings on Deere & Company (NYSE:DE). In the latest research report, Goldman Sachs raises the target price from $87 per share to $105 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 3, 2016.


Deere & Company (NYSE:DE): stock turned positive on Thursday. Though the stock opened at $83.58, the bulls momentum made the stock top out at $84.65 level for the day. The stock recorded a low of $83.3921 and closed the trading day at $83.64, in the green by 0.82%. The total traded volume for the day was 3,588,149. The stock had closed at $82.96 in the previous days trading.

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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