In a report released today, Courtney Yakavonis from Morgan Stanley maintained a Buy rating on Deere (DE), with a price target of $181.00. The company’s shares closed last Friday at $140.71.
According to TipRanks.com, Yakavonis is a 1-star analyst with an average return of -6.5% and a 26.8% success rate. Yakavonis covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Allison Transmission Holdings, and Timken Company.
Deere has an analyst consensus of Moderate Buy, with a price target consensus of $160.89, which is an 8.7% upside from current levels. In a report issued on May 21, Jefferies also reiterated a Buy rating on the stock with a $150.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $181.99 and a one-year low of $106.14. Currently, Deere has an average volume of 2.28M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The Agriculture and Turf segment focuses on the distribution and manufacturing of full line of agriculture and turf equipment and related service parts. The Construction and Forestry segment offers machines and service parts used in construction, earthmoving, road building, material handling, and timber harvesting. The Financial Services segment finances sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment. The company was founded by John Deere in 1837 and is headquartered in Moline, IL.
