7 analysts have expressed a variety of opinions on Deere DE over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 1 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 1 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $427.43, a high estimate of $494.00, and a low estimate of $387.00. Witnessing a positive shift, the current average has risen by 0.53% from the previous average price target of $425.17.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of Deere among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Tami Zakaria | JP Morgan | Raises | Neutral | $425.00 | $415.00 |
| Jamie Cook | Truist Securities | Announces | Buy | $494.00 | - |
| David Raso | Evercore ISI Group | Raises | In-Line | $387.00 | $381.00 |
| Nicole Deblase | Deutsche Bank | Lowers | Hold | $401.00 | $425.00 |
| Seth Weber | Wells Fargo | Lowers | Overweight | $425.00 | $445.00 |
| Timothy Thein | Citigroup | Lowers | Buy | $435.00 | $450.00 |
| Stanley Elliott | Stifel | Lowers | Buy | $425.00 | $435.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Deere. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Deere compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Deere's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Deere's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Deere analyst ratings.
About Deere
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.
Breaking Down Deere's Financial Performance
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Deere's revenue growth over a period of 3 months has faced challenges. As of 31 January, 2024, the company experienced a revenue decline of approximately -4.44%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Deere's net margin is impressive, surpassing industry averages. With a net margin of 14.78%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Deere's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 7.98%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Deere's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.7%, the company showcases efficient use of assets and strong financial health.
Debt Management: Deere's debt-to-equity ratio stands notably higher than the industry average, reaching 2.87. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Analyst Ratings: What Are They?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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