Ratings for Deere DE were provided by 12 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 6 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 3 | 4 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 2 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $476.5, a high estimate of $550.00, and a low estimate of $420.00. Observing a 8.4% increase, the current average has risen from the previous average price target of $439.58.
Decoding Analyst Ratings: A Detailed Look
The standing of Deere among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jamie Cook | Truist Securities | Raises | Buy | $550.00 | $538.00 |
| Kyle Menges | Citigroup | Raises | Neutral | $470.00 | $460.00 |
| Stephen Volkmann | Jefferies | Maintains | Hold | $510.00 | $510.00 |
| Angel Castillo | Morgan Stanley | Raises | Overweight | $450.00 | $401.00 |
| Steven Fisher | UBS | Raises | Neutral | $462.00 | $404.00 |
| Jamie Cook | Truist Securities | Raises | Buy | $538.00 | $496.00 |
| Kristen Owen | Oppenheimer | Raises | Outperform | $477.00 | $448.00 |
| Tami Zakaria | JP Morgan | Raises | Neutral | $450.00 | $420.00 |
| Adam Seiden | Barclays | Raises | Overweight | $475.00 | $400.00 |
| Tami Zakaria | JP Morgan | Raises | Neutral | $420.00 | $360.00 |
| Kyle Menges | Citigroup | Raises | Neutral | $420.00 | $395.00 |
| Jamie Cook | Truist Securities | Raises | Buy | $496.00 | $443.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Deere. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Deere compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Deere's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Deere's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Deere analyst ratings.
About Deere
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry in their green and yellow livery. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.
Deere: Delving into Financials
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Decline in Revenue: Over the 3 months period, Deere faced challenges, resulting in a decline of approximately -15.74% in revenue growth as of 31 October, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Deere's net margin excels beyond industry benchmarks, reaching 11.5%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.43%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Deere's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.16% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 2.85, caution is advised due to increased financial risk.
Analyst Ratings: What Are They?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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