Robert W. Baird analyst Mircea Dobre reiterated a Buy rating on Deere (DE) on February 15 and set a price target of $170. The company’s shares opened today at $157.89.
According to TipRanks.com, Dobre is a 1-star analyst with an average return of -0.7% and a 47.9% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as John Bean Technologies, Rexnord Corporation, and Sun Hydraulics Corp.
Currently, the analyst consensus on Deere is a Strong Buy with an average price target of $179.73, which is a 13.8% upside from current levels. In a report issued on February 15, Credit Suisse also maintained a Buy rating on the stock with a $209 price target.
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Deere’s market cap is currently $50.08B and has a P/E ratio of 15.11. The company has a Price to Book ratio of 4.44.
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Deere & Co. engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services.
