Robert W. Baird analyst Mircea Dobre maintained a Buy rating on Deere (DE – Research Report) on March 9 and set a price target of $487.00. The company’s shares closed last Monday at $398.25, close to its 52-week high of $405.49.
According to TipRanks.com, Dobre is a 5-star analyst with an average return of 15.0% and a 50.3% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Lincoln Electric Holdings, and John Bean Technologies.
Currently, the analyst consensus on Deere is a Moderate Buy with an average price target of $434.18, a 10.5% upside from current levels. In a report issued on March 11, Wells Fargo also initiated coverage with a Buy rating on the stock with a $455.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
Deere’s market cap is currently $119.5B and has a P/E ratio of 21.60.
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.
Founded in 1837, Illinois-based Deere & Co. manufactures and distributes various equipment that is used in agriculture, construction, forestry, and turf care. The company operates through three business segments: Agriculture and Turf, Construction and Forestry, and Financial Services.
Read More on DE:
- Jefferies Sticks to Their Hold Rating for BHP Group (BHP)
- Fleetcor Technologies (FLT) Gets a Hold Rating from Mizuho Securities
- Cubesmart (CUBE) Gets a Buy Rating from BMO Capital
- Robert W. Baird Maintains Their Hold Rating on GoodRx Holdings (GDRX)
- Mizuho Securities Maintains a Hold Rating on Global Payments (GPN)
