Deere (NYSE:DE) has been upgraded from Underweight to Neutral in a statement by Piper Jaffray earlier today.
- Updated: November 28, 2016
Boasting a price of $103.92, Deere (NYSE:DE) traded -0.43% lower on the day. With the last stock price close up 22.92% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Deere has recorded a 50-day average of $89.32 and a two hundred day average of $84.18. Volume of trade was down over the average, with 208,239 shares of DE changing hands under the typical 2,967,620
Piper Jaffray has upgraded Deere (NYSE:DE) from Underweight to Neutral in a statement released on Monday November 28, 2016.
With a total market value of $0, Deere has price-earnings ratio of 20.74 with a one year low of $70.16 and a one year high of $104.83 .
A total of 19 equity analysts have released a research note on DE. 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 equity analyst rating the company a sell with a one year target of $78.26.
More 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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