In a report that was published on Wednesday, the analysts at StockNews.com upgraded their recommendation for Deere & Company (NYSE: DE), changing it from a “hold” rating to a “buy” rating. Previously, they had recommended that investors “hold” their investment in the company.

Several other institutions with a stronger scientific background have recently shared their perspectives on DE. In a research note distributed on November 25, Wells Fargo & Company raised their “overweight” rating for Deere & Company and raised their price objective on the stock from $423.00 to $485.00. Both of these changes were made to the company’s stock. In a research report published on November 28, Evercore ISI indicated that they would be increasing their price target on shares of Deere & Company. Compared to the previous price target of $463.00, the new price target is now set at $513.00. Morgan Stanley increased their price target on shares of Deere & Company from $424.00 to $522.00 and gave the stock an “overweight” rating in a research report published on Friday, November 25. UBS Group raised their price target on shares of Deere & Company and upgraded the company’s stock from a “neutral” rating to an “outperform” rating in a research note published on Friday, November 25. The research note also upgraded the rating from “neutral” to “outperform.” The rating for shares of Deere & Company was upgraded by Credit Suisse Group from “underperform” to “outperform” in a research note published on Friday, November 25. This change was made to reflect the firm’s bullish outlook on the company’s future performance. Seven research analysts have suggested that investors keep their existing positions, while thirteen have given the stock a buy rating. The current price target for Deere & Company shares is reported to be $459.05, and the company has been given an average recommendation of “Moderate Buy.” Bloomberg provided this information.

The NYSE Depository Receipts Index dropped to a session low of $433.48 on Wednesday, marking a drop of $3.95. The average daily volume of transactions for the company’s shares is 1,164,838; however, there were only 1,129,365 transactions completed today. The current price of a share of Deere & Company is $448.40, which is higher than the one-year high of $283.81 but lower than the current one-year low of $283.81. The debt-to-equity ratio is calculated to be 1.66; the current ratio is calculated to be 1.98; the quick ratio is calculated to be 1.72; and so on. The price-to-earnings ratio for the stock is 18.58, the price-to-growth ratio for the stock is 1.28, and the stock has a beta value of 1.08. Over the last 50 days, the moving averages for the company are $426.66, and over the last 200 days, they are $375.59.

The most recent quarterly earnings report for Deere & Company, traded on the NYSE under the symbol DE, was released on November 23. The report was for the company’s fiscal 2017 first quarter. The industrial goods manufacturer reported earnings per share for the quarter of $7.44, which is $0.36 more than the consensus estimate of $7.08 among industry experts. The return on equity was 37.52% for Deere & Company, and the net margin for the company was 13.56%. The sales for the company for the quarter came in at $14.35 billion, which is significantly higher than the average prediction of $13.64 billion made by financial analysts. According to the consensus of industry experts, Deere & Company will finish the current fiscal year with earnings of 27.85 cents per share.

In other news concerning Deere & Company, on November 29, Chairman Marc A. Howze exercised his option to sell 10,910 shares. The terms of the option sold these shares. There was a sale of shares amounting to a total of $4,830,838.90, and the price received for each share was an average of $442.79. After the completion of the transaction, the chairman became the owner of 17,321 shares in the company. Based on the most recent estimates, the total value of these shares is currently estimated to be $7,669,565.59. You can find a copy of the filing that disclosed the transaction on the Securities and Exchange Commission (SEC) website. The filing described the transaction. In other news concerning Deere & Company, on November 29, Chairman Marc A. Howze exercised his option to sell 10,910 shares. The terms of the option sold these shares. There was a sale of shares amounting to a total of $4,830,838.90, and the price received for each share was an average of $442.79. After the completion of the transaction, the chairman became the owner of 17,321 shares in the company. Based on the most recent estimates, the total value of these shares is currently estimated to be $7,669,565.59.

You can find a copy of the filing that disclosed the transaction on the Securities and Exchange Commission (SEC) website. The filing described the transaction. An insider at Deere & Company named Cory J. Reed sold 2,034 shares on Monday, October 31. A total of $817,159.50 was received in exchange for the shares, equivalent to an average price of $401.75. After the completion of the sale, the corporate insider now directly owns 30,946 shares of the company. The total value of these shares is approximately $12,432,555.50. The disclosure about the purchase can be found in this particular location. Insiders of the company sold 32,339 shares during the preceding quarter for a total value of $13,872,361. Currently, 0.24% of the company’s stock is held by company insiders.

In the most recent few months, several hedge funds and other institutional investors have adjusted the percentage of the company’s stock held by each portfolio. During the third quarter, TCI Wealth Advisors Inc. increased the percentage of shares in Deere & Company that is owned by 1.5%. At today’s closing price, the total value of the 1,694 shares TCI Wealth Advisors Inc. currently owns in the industrial products company is $566,000 (based on the price at which the shares were last traded). The purchase of 25 shares during the most recent fiscal quarter made this outcome conceivable. During the third quarter, FSM Wealth Advisors LLC raised the proportion of Deere & Company stock it owned to 2.3% higher than before. Because of the purchase of an additional 29 shares in the industrial products company during the most recent fiscal quarter, FSM Wealth Advisors LLC now has a total ownership stake of 1,290 shares in the company. Based on the price at which the market closed today, these shares are worth $431,000. During the second quarter of this year, Close Asset Management Ltd. increased the amount of Deere & Company stock owned by 40.0%, bringing its total ownership percentage to 100%. After making an additional purchase of 30 shares during the most recent quarter, Close Asset Management Ltd. now has 105 shares of stock in the industrial products business. Each share of this stock is currently worth $31,000, and the company has a market value of $31,000. During the third quarter, Abbrea Capital LLC achieved a 3.1% increase in the proportion of Deere & Company stock it possessed. Abbrea Capital LLC now has a total of 998 shares of the stock of the industrial goods company, which are worth a combined total of $334,000 after the recent acquisition of an additional 30 shares during the most recent fiscal quarter. And finally, but certainly not least, JNBA Financial Advisors increased the proportion of Deere & Company stock held by 1.3% during the third quarter. During the most recent reporting period, JNBA Financial Advisors increased its stake in the industrial goods company by 30 shares, bringing its total number of shares owned in the company to 2,367, with a market value of $790,000. The stock is owned by hedge funds and other institutional investors, holding 75.72% of the outstanding shares. Other institutional investors also own some of the stock.

The corporation known as Deere & Company is responsible for producing and distributing a diverse assortment of machines in every region of the world. The organization can be dissected into four distinct divisions: the construction and forestry division, the financial services division, the small agriculture and turf division, and the production and precision agriculture division. Grain farmers can purchase mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, tillage, and seeding equipment, and application equipment such as sprayers and nutrient management through the Production and Precision Agriculture segment. In addition, grain farmers can purchase machinery for nutrient management.

The post John Deere & Company (NYSE:DE) StockNews.com has upgraded it to “Buy.” appeared first on Best Stocks.