Deere (NYSE:DE) has been upgraded from Market Perform to Outperform in a report by Wells Fargo today.
- Updated: October 10, 2016
Wells Fargo has upgraded Deere (NYSE:DE) from Market Perform to Outperform in a report released on 10/10/2016.
Just yesterday Deere (NYSE:DE) traded 2.46% higher at $86.30. The company’s 50-day moving average is $84.40 and its 200-day moving average is $81.94. The last stock close price is up 7.91% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. 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 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 brokers have issued a research note on the stock. 3 firms rating the stock a strong buy, one equity analyst rating the company a buy, 12 brokerages rating the stock a hold, five analysts rating the stock a underperform, and finally 1 broker rating the company a sell with a one year target of $78.26.
Brief Synopsis About Deere (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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