11 analysts have expressed a variety of opinions on Deere DE over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 6 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 3 | 4 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Deere, revealing an average target of $480.18, a high estimate of $550.00, and a low estimate of $430.00. Witnessing a positive shift, the current average has risen by 5.7% from the previous average price target of $454.27.
Investigating Analyst Ratings: An Elaborate Study
In examining recent analyst actions, we gain insights into how financial experts perceive Deere. The following summary 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 |
|---|---|---|---|---|---|
| Tami Zakaria | JP Morgan | Raises | Neutral | $470.00 | $450.00 |
| Kyle Menges | Citigroup | Lowers | Neutral | $430.00 | $470.00 |
| 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 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Deere. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Deere compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Deere's stock. This examination reveals shifts in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Deere's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Deere analyst ratings.
Unveiling the Story Behind 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.
Financial Insights: Deere
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Negative Revenue Trend: Examining Deere's financials over 3 months reveals challenges. As of 31 October, 2024, the company experienced a decline of approximately -28.57% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Deere's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 11.5%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Deere's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.43% ROE, the company effectively utilizes shareholder 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: Deere's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.87, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
What Are Analyst Ratings?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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