In a report released yesterday, Jamie Cook from Credit Suisse maintained a Buy rating on Deere (NYSE: DE), with a price target of $231. The company’s shares closed yesterday at $155.25.
According to TipRanks.com, Cook is a 4-star analyst with an average return of 7.9% and a 57.6% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Jacobs Engineering, and Fluor Corp.
Currently, the analyst consensus on Deere is Strong Buy and the average price target is $190.30, representing a 22.6% upside.
In a report issued on May 3, Merrill Lynch also upgraded the stock to Buy with a $159 price target.
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The company has a one-year high of $175.26 and a one-year low of $112.87. Currently, Deere has an average volume of 2.81M.
Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DE in relation to earlier this year.
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Deere & Co. manufactures and distributes a complete line of equipment used in agriculture, construction, forestry and turf care. It also manufactures engines and other power train components. It operates its business through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services.
