Stock of the Day: Deere & Co Sentiment Worsening on Low Stock Potential

November 24, 2016 - By Winifred Garcia   ·   0 Comments

Stock of the Day: Deere & Co Sentiment Worsening on Low Stock Potential

Sentiment for Deere & Co (NYSE:DE)

Deere & Co (NYSE:DE) institutional sentiment increased to 0.75 in 2016 Q2. Its up 0.01, from 0.74 in 2016Q1. The ratio improved, as 307 investment managers increased and opened new holdings, while 415 cut down and sold holdings in Deere & Co. The investment managers in our partner’s database now hold: 219.87 million shares, down from 226.95 million shares in 2016Q1. Also, the number of investment managers holding Deere & Co in their top 10 holdings increased from 15 to 16 for an increase of 1. Sold All: 72 Reduced: 343 Increased: 245 New Position: 62.

Deere & Company is engaged in equipment activities and financial services. The company has a market cap of $32.02 billion. The Firm operates through three business divisions: agriculture and turf, construction and forestry, and financial services. It has a 20.45 P/E ratio. The Company’s agriculture and turf segment primarily makes and distributes a full line of agriculture and turf equipment and related service parts.

The stock increased 11.04% or $10.16 on November 23, hitting $102.17. About 20.50M shares traded hands or 710.28% up from the average. Deere & Company (NYSE:DE) has risen 23.39% since April 22, 2016 and is uptrending. It has outperformed by 17.98% the S&P500.

According to Zacks Investment Research, “Deere & Company is the one world’s foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment. The company, in addition, provides credit, special technology, and managed health-care products and services. (Company Press Release)”

Firefly Value Partners Lp holds 5.68% of its portfolio in Deere & Company for 454,780 shares. Generation Investment Management Llp owns 6.06 million shares or 5.68% of their US portfolio. Moreover, Marshfield Associates has 5.4% invested in the company for 931,520 shares. The Germany-based Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv has invested 5.37% in the stock. Norman Fields Gottscho Capital Management Llc, a New York-based fund reported 94,693 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 insider sales for $8.39 million net activity.

Deere & Company (NYSE:DE) Ratings Coverage

Ratings analysis reveals 42% of Deere & Company’s analysts are positive. Out of 19 Wall Street analysts rating Deere & Company, 8 give it “Buy”, 5 “Sell” rating, while 6 recommend “Hold”. The lowest target is $63 while the high is $105. The stock’s average target of $87.26 is -14.59% below today’s ($102.17) share price. DE was included in 52 notes of analysts from July 27, 2015. The stock of Deere & Company (NYSE:DE) has “Market Perform” rating given on Tuesday, October 13 by BMO Capital Markets. The stock has “Market Perform” rating given by BMO Capital Markets on Monday, August 24. The rating was initiated by Avondale with “Market Outperform” on Thursday, October 15. The company was initiated on Monday, November 16 by Societe Generale. Robert W. Baird upgraded the shares of DE in a report on Monday, October 31 to “Outperform” rating. Zacks downgraded Deere & Company (NYSE:DE) on Monday, August 24 to “Buy” rating. As per Monday, August 24, the company rating was maintained by Morgan Stanley. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, August 24. UBS maintained the shares of DE in a report on Monday, August 22 with “Neutral” rating. As per Thursday, September 24, the company rating was downgraded by TheStreet.

DE Company Profile

Deere & Company, incorporated on April 25, 1958, is engaged in equipment activities and financial services. The Firm operates through three business divisions: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily makes and distributes a range of agriculture and turf equipment and related service parts, including large, medium and utility tractors; loaders; combines, corn pickers, cotton and sugarcane harvesters, and related front-end equipment and sugarcane loaders; tillage, seeding and application equipment, including sprayers, nutrient management and soil preparation machinery; hay and forage equipment, including self-propelled forage harvesters and attachments, balers and mowers; turf and utility equipment, including riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles and commercial mowing equipment, along with a line of associated implements, and integrated agricultural management systems.

More notable recent Deere & Company (NYSE:DE) news were published by: Fool.com which released: “Why Deere & Co. Jumped 10% Today” on November 23, 2016, also Wsj.com with their article: “Deere & Co. Earnings: What to Watch” published on November 22, 2016, Forbes.com published: “Donald Trump Rally Makes Deere, Caterpillar And Mining Stocks Great Again” on November 23, 2016. More interesting news about Deere & Company (NYSE:DE) were released by: Bnn.ca and their article: “Deere & Co shares leap after earnings beat on pricing, costs” published on November 23, 2016 as well as Thestreet.com‘s news article titled: “What to Watch Wednesday: Deere & Company Earnings, Fed Minutes” with publication date: November 23, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Winifred Garcia


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>