--- title: "Royal Bank Of Canada Reaffirms Outperform Rating for Deere & Company (NYSE:DE)" type: "News" locale: "en" url: "https://longbridge.com/en/news/296796882.md" description: "Royal Bank of Canada reaffirmed an 'outperform' rating for Deere & Company (NYSE:DE) with a $752 price target, indicating 16.05% upside. Other analysts also recently adjusted targets: Robert W. Baird raised its to $640 (neutral), JPMorgan to $585 (neutral), Truist to $812 (buy), BofA cut to $607.50 (neutral), and UBS slightly cut to $728 (buy). The consensus rating is 'Moderate Buy' with a target of $645.12. Deere recently beat earnings estimates, reporting $5.10 EPS against $4.69 expected." datetime: "2026-08-24T13:36:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296796882.md) - [en](https://longbridge.com/en/news/296796882.md) - [zh-HK](https://longbridge.com/zh-HK/news/296796882.md) generator: "portal-rs" --- # Royal Bank Of Canada Reaffirms Outperform Rating for Deere & Company (NYSE:DE) Deere & Company (NYSE:DE - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Royal Bank Of Canada in a report issued on Monday,Benzinga reports. They currently have a $752.00 price objective on the industrial products company's stock. Royal Bank Of Canada's target price indicates a potential upside of 16.05% from the stock's previous close. Get **Deere & Company** alerts: - Deere Earnings: Has the Stock Outrun the Farm Cycle? A number of other brokerages have also recently commented on DE. Robert W. Baird lifted their target price on Deere & Company from $525.00 to $640.00 and gave the stock a "neutral" rating in a report on Friday. JPMorgan Chase & Co. raised their price target on Deere & Company from $570.00 to $585.00 and gave the stock a "neutral" rating in a research report on Friday. Truist Financial boosted their price objective on shares of Deere & Company from $759.00 to $812.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Bank of America reduced their target price on shares of Deere & Company from $672.00 to $607.50 and set a "neutral" rating on the stock in a research note on Friday, May 22nd. Finally, UBS Group cut their price target on shares of Deere & Company from $732.00 to $728.00 and set a "buy" rating on the stock in a report on Friday. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Deere & Company has a consensus rating of "Moderate Buy" and a consensus price target of $645.12. **Check Out Our Latest Stock Report on DE** ## Deere & Company Trading Up 0.1% - AI Data Centers Are Splitting Winners From Pretenders in Infrastructure Stocks Shares of Deere & Company stock opened at $648.00 on Monday. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. The firm has a market cap of $174.92 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 2.74 and a beta of 0.90. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The business has a 50-day moving average price of $606.90 and a 200-day moving average price of $591.15. Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The business had revenue of $12.61 billion during the quarter, compared to analysts' expectations of $10.81 billion. During the same quarter last year, the business posted $4.75 EPS. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that Deere & Company will post 18.23 EPS for the current fiscal year. ## Institutional Investors Weigh In On Deere & Company - 5 Tech Stocks Holding Their Ground Through the AI Trade Pullback Several hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its holdings in shares of Deere & Company by 60,460.4% during the second quarter. California State Teachers Retirement System now owns 234,586,018 shares of the industrial products company's stock valued at $148,804,949,000 after acquiring an additional 234,198,659 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Deere & Company in the second quarter valued at about $11,763,504,000. Norges Bank purchased a new position in shares of Deere & Company in the fourth quarter worth about $1,715,633,000. Capital World Investors boosted its position in Deere & Company by 53.9% during the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company's stock worth $4,465,906,000 after acquiring an additional 3,358,264 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in Deere & Company in the 2nd quarter valued at about $1,685,093,000. 68.58% of the stock is owned by hedge funds and other institutional investors. ## About Deere & Company (Get Free Report) Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide. The company's principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity. ## Read More - Five stocks we like better than Deere & Company - Walmart and Home Depot Earnings Show the K (Shaped Economy) Is Here to Stay - What Rising Delivery Forecasts Say About Rivian's Stock Prospects - Deere Earnings: Has the Stock Outrun the Farm Cycle? - BJ’s Wholesale Club Is Turning Stronger Fundamentals Into a Bullish Setup *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Deere & Company Right Now? Before you consider Deere & Company, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deere & Company wasn't on the list. While Deere & Company currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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