Deere & Company – Consensus indicates 19.6% upside potential
Deere & Company found using the ticker (DE) now have 21 analysts covering the stock. Analyst consensus points to a buy rating. The range between the high target price and the low target price is between 472 and 283, with the middle target price at 415.54. Now, with the previous closing price of 347.51, this would indicate that there is 19.6% upside potential. The 50-day moving average now stands at 395.3 while the 200-day moving average is at 369.57. The market cap of the company is $110,252 million. Visit the company website at: https://www.deere.com
The potential market cap would be $131,835 million based on market consensus.
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Deere & Company manufactures and distributes various equipment worldwide. The Company operates through four segments: Production and Precision Agriculture, Smallholder Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combine harvesters, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, cotton cane loaders sugar, traction scrapers and tillage and seeding equipment, as well as application equipment including sprayers. and nutrient management, and soil preparation machinery for grain growers. The Small Agriculture and Lawn segment offers utility tractors, as well as loaders and related attachments; lawn and utility equipment, including riding lawn equipment, commercial mowing equipment, golf course equipment and utility vehicles, as well as tools for mowing, tilling, snow and debris handling, aeration , residential, commercial, golf and sports turf applications; other outdoor power products; and hay and forage equipment. This segment also resells products from other manufacturers. It serves dairy and livestock producers, crop growers, and turf and utility customers. The Construction and Forestry segment offers a range of backhoe loaders, bulldozers and crawler loaders, four-wheel drive loaders, excavators, graders, articulated dump trucks, compact and landscape loaders, milling machines, pavers , compactors, rollers, crushers, screens, asphalt plants, skidders, feller-bunchers, log loaders and transporters, harvesters and accessories; and road construction equipment. The financial services segment finances the sales and rentals of agricultural and turf, construction and forestry equipment. It also offers wholesale financing to resellers of the aforementioned equipment; and extended equipment warranties, as well as retail revolving credit account financing. Deere & Company was founded in 1837 and is headquartered in Moline, Illinois.