In a report released today, Courtney Yakavonis from Morgan Stanley maintained a Buy rating on Deere (DE), with a price target of $177. The company’s shares closed last Monday at $149.23.
According to TipRanks.com, Yakavonis is a 1-star analyst with an average return of -7.8% and a 21.9% success rate. Yakavonis covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, CNH Industrial, and Timken Company.
Deere has an analyst consensus of Moderate Buy, with a price target consensus of $168.27, which is a 17.0% upside from current levels. In a report issued on August 13, Robert W. Baird also maintained a Buy rating on the stock with a $150 price target.
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Deere’s market cap is currently $47.31B and has a P/E ratio of 14.50. The company has a Price to Book ratio of 3.97.
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Deere & Co. engages in the manufacturing 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.
