Piper Jaffray Cos. upgraded Deere & Company (NYSE:DE) to Neutral in a report released today.
- Updated: November 28, 2016
Piper Jaffray Cos. has upgraded Deere & Company (NYSE:DE) to Neutral in a report released on Monday November 28, 2016.
Just yesterday Deere & Company (NYSE:DE) traded -0.43% lower at $103.92. Deere & Company’s 50-day moving average is $89.32 and its 200-day moving average is $84.18. The last closing price is up 22.92% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 208,239 shares of DE traded hands, down from an average trading volume of 2,967,620
Recent Performance Chart
Deere & Company has 52 week low of $70.16 and a 52 week high of $104.83 with a P/E ratio of 20.74 and has a market cap of $0.
In addition to Piper Jaffray Cos. reporting its target price, a total of 19 firms have issued a report on the stock. The consensus target price is $78.26 with 3 firms rating the stock a strong buy, 1 firm rating the stock a buy, 12 firms rating the stock a hold, 5 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
General Information About 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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