Short Term Price Target on Deere & Company (DE)

Deere & Company (NYSE:DE) : The consensus price target for Deere & Company (NYSE: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 has lost 3.13% in the last five trading days and dropped 1.43% in the last 4 weeks. Deere & Company is up 6.73% in the last 3-month period. Year-to-Date the stock performance stands at 7.86%.

Deere & Company (NYSE:DE) : Zacks Investment Research ranks Deere & Company (NYSE:DE) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.95, which indicates as a Hold.

Deere & Company (NYSE:DE): The stock opened at $81.89 on Thursday but the bulls could not build on the opening and the stock topped out at $81.95 for the day. The stock traded down to $79.83 during the day, due to lack of any buying support eventually closed down at $81.04 with a loss of -0.58% for the day. The stock had closed at $81.51 on the previous day. The total traded volume was 4,921,422 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Kalathur Rajesh, officer (Senior Vice President & CFO) of Deere & Co, had unloaded 4,366 shares at an average price of $79.52 in a transaction dated on December 2, 2015. The total value of the transaction was worth $347,184.

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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