Media coverage about Deere & Company (NYSE:DE) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Deere & Company earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.1734346795634 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s scoring:
- Regional tractor dealership contributes to FFA scholarships (roanoke.com)
- Big changes ahead at tech firm Solstice (chicagobusiness.com)
- Form DEFA14A DEERE & CO (streetinsider.com)
- BRIEF-Deere & Co Says CEO Samuel Allen’s FY 2017 Total Compensation $16.1 Mln Vs. $18.6 Mln In FY 2016 (reuters.com)
- See what the IHS Markit Score report has to say about Deere & Co. (finance.yahoo.com)
DE has been the subject of several recent research reports. Deutsche Bank upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and lifted their target price for the stock from $149.00 to $167.00 in a research note on Thursday, November 23rd. Zacks Investment Research upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, November 2nd. Barclays initiated coverage on shares of Deere & Company in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $167.00 target price for the company. Credit Suisse Group reiterated a “buy” rating and issued a $162.00 target price on shares of Deere & Company in a research note on Thursday, November 23rd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $150.00 target price on shares of Deere & Company in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $146.88.
Shares of Deere & Company (DE) traded up $1.78 during trading hours on Friday, reaching $169.30. 2,320,000 shares of the company traded hands, compared to its average volume of 2,060,000. The stock has a market capitalization of $54,400.00, a PE ratio of 25.46, a P/E/G ratio of 2.46 and a beta of 0.77. Deere & Company has a 12 month low of $103.99 and a 12 month high of $170.73. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71.
Deere & Company (NYSE:DE) last issued its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The company had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. Deere & Company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.90 earnings per share. equities analysts anticipate that Deere & Company will post 7.95 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.40 annualized dividend and a yield of 1.42%. Deere & Company’s dividend payout ratio is currently 36.09%.
In other Deere & Company news, VP Mary K.W. Jones sold 34,136 shares of Deere & Company stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $124.72, for a total transaction of $4,257,441.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rajesh Kalathur sold 4,519 shares of Deere & Company stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total transaction of $672,969.48. Following the sale, the chief financial officer now owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 212,767 shares of company stock valued at $30,215,798. 0.75% of the stock is owned by corporate insiders.
Deere & Company Company Profile
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
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