7 analysts have expressed a variety of opinions on Deere (NYSE: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.

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.

Key Insights:

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

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.