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Stock Update (NYSE:DE): Deere & Company is among World’s Top 50 Most Admired Companies

[PR Newswire] – MOLINE, Ill., Feb. 22, 2016 /PRNewswire/ — Deere & Company (NYSE: DE) is one of the world ’s Top 50 Most Admired Companies according to research by Fortune Magazine, which states that its annual ranking … Read more on this. Deere & Company (DE) , currently valued at $24.67B, started trading this morning at $77.30. Looking at the stock , its one day range is $77.20 to $78.79 and has traded between $70.16 and $98.23 over the past year. Priced at 18.47x this year’s forecasted earnings, DE shares are relatively expensive compared to the industry’s 17.46x forward p/e ratio. And for passive income investors, the company pays shareholders $2.40 per share annually in dividends, yielding 3.12%. According to a consensus of 20 analysts, the earnings estimate of $1.48 per share would be $0.55 worse than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.17, which would be a $1.60 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.79 Billion. If reported, that would be a 8.24% decrease over the year-ago quarter. Recently, Societe Generale Initiated DE at Hold (Nov 16, 2015). Previously, Goldman upgraded DE from Sell to Neutral. Investors should keep in mind is that the average price target is $77.10, which is 0.26% below where the stock opened this morning. See more in (NYSE:DE) Similar Articles: Company Update (NYSE:DE): Deere completes acquisition of Monosem Market Update: Deere & Company (NYSE:DE) – Deere, DN2K form joint venture with focus on decision making tools for agriculture advisers Market Update: Deere & Company (NYSE:DE) – Deere & Company Announces Quarterly Dividend
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