Deere & Company (NYSE:DE) has been upgraded to Outperform in a statement by Wells Fargo & Co. earlier today.
- Updated: October 10, 2016
Wells Fargo & Co. has upgraded Deere & Company (NYSE:DE) to Outperform in a statement released on 10/10/2016.
Having a price of $86.30, Deere & Company (NYSE:DE) traded 2.46% higher on the day. With the last close up 7.91% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Deere & Company has recorded a 50-day average of $84.40 and a two hundred day average of $81.94. Volume of trade was down over the average, with 1,426,194 shares of DE changing hands under the typical 3,347,290
With a total market value of $0, Deere & Company has price-earnings ratio of 17.72 with a one year low of $70.16 and a one year high of $89.34 .
A total of 19 analysts have released a research note on Deere & Company. Three equity analysts rating the company a strong buy, one equity analyst rating the company a buy, twelve equity analysts rating the company a hold, five equity analysts rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $78.26.
General Company Details For 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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