Bank of America Corp. upgraded Deere & Company (NYSE:DE) to Buy in a report released today.
- Updated: December 1, 2016
Bank of America Corp. has upgraded Deere & Company (NYSE:DE) to Buy in a report released on 12/01/2016.
Only yesterday Deere & Company (NYSE:DE) traded -0.15% lower at $100.35. The company’s 50-day moving average is $89.76 and its 200-day moving average is $84.31. The last stock close price is up 18.85% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time. 5,152,609 shares of DE traded, up from an avg. volume of 2,996,760
Deere & Company has a one year low of $70.16 and a one year high of $104.83 with a price-earnings ratio of 20.83 DE’s market cap is currently $0.
Also covering Deere & Company's price target, a total of 19 brokerages have issued a ratings update on Deere & Company. The 12-month price target is $78.26 with three equity analysts rating the company a strong buy, 1 broker rating the stock a buy, 12 firms rating the stock a hold, 5 firms rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On Deere & Company (NYSE:DE)
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.
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