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Company Update: Deere & Company (NYSE:DE) – John Deere Enhances Residential Mowers for a Quick, Quality Cut

[PR Newswire] – CARY, N.C., March 2, 2016 /PRNewswire/ — This spring, John Deere introduces updates to its extensive residential mower line, ensuring homeowners achieve a quick, quality cut each time they mow. Updates … Read more on this. Deere & Company (DE) , valued at $25.95B, started trading this morning at $80.64. Looking at today’s market, DE one day range is $80.16 to $82.06 with a trailing 52-week range being $70.16 to $98.23. DE shares are currently priced at 19.77x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.12x forward p/e ratio. The company pays shareholders $2.40 per share annually in dividends, yielding 3.02%. 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 $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.10, which would be a $1.67 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.70 Billion. If reported, that would be a 9.46% decrease over the year-ago quarter. Recently, Argus upgraded DE from Hold to Buy (Feb 24, 2016). Previously, Societe Generale Initiated DE at to Hold. The average price target for DE shares is $75.67, which is 6.16% below where the stock opened this morning. See more in (NYSE:DE) Similar Articles: Stock Update: Deere & Company (NYSE:DE) – Deere announces factory workforce adjustments Stock Update (NYSE:DE): John Deere and the Climate Corporation Expand Precision and Digital Agriculture Options for Farmers Market Update: Deere & Company (NYSE:DE) – Deere, DN2K form joint venture with focus on decision making tools for agriculture advisers
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