Analyst Ratings for Deere & Co. (DE)

Updated: 2017-07-26

An average rating of Overweight has been given to Deere & Co. (NYSE:DE) by analysts covering the stock. About 30 days ago, DE was issued an average rating of Overweight.

Of the 24 analysts covering the stock, 8 gave it a buy rating, 1 issued an overweight rating, 14 gave a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has decreased by 4.

Investment analysts gave a few price targets for DE. The most optimistic analyst gave a price target of 154, implying a possible profit of 20.48 percent. The minimum price target given was 100, implying potential capital losses of -21.76 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.61 percent. That number becomes 28.57 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0.16 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 32.89 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

Analysts estimate earnings of DE to grow at a rate of 13.78 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of DE is 1.67.

DE has traded between a high of 129.00 and a low of 76.73 over the past year. Currently the stock is 66.58 percent higher than its low, and below the high by 0.91 percent. DE has a P/E ratio of 23.03. Investors typically compare the P/E ratio to a company's peers in the industry. The DE value stock report compares DE to some of its peers using value stock charts. The market cap of DE is $40.91 billion. DE will post this quarters earnings in days, on 0000-00-00.