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Stock Update (NYSE:DE): Deere & Company is among World’s Most Ethical Companies for tenth consecutive year

[PR Newswire] – MOLINE, Ill., March 7, 2016 /PRNewswire/ — For the tenth straight year, Deere & Company (NYSE: DE) is among the World’s Most Ethical Companies according to the Ethisphere Institute, which released its … Read more on this. Deere & Company (DE) , valued at $27.01B, started trading this morning at $84.60. Looking at today’s trading action, the company’s one day range from $84.26 to $85.95 with the price of the stock fluctuating between $70.16 to $98.23 over the last 52 weeks. DE shares are currently priced at 20.46x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.70x forward p/e ratio. The company pays shareholders $2.40 per share annually in dividends, yielding 2.83%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $1.48 per share, which would be $0.55 worse than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $4.09 is a $1.68 setback when compared to the previous 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. When considering if perhaps the stock is under or overvalued, the average price target is $75.40, which is 10.87% below where the stock opened this morning. See more in (NYSE:DE) Similar Articles: Company Update: Deere & Company (NYSE:DE) – John Deere Enhances Residential Mowers for a Quick, Quality Cut Stock Update: Deere & Company (NYSE:DE) – Deere announces factory workforce adjustments Stock Update (NYSE:DE): Deere & Company is among World’s Top 50 Most Admired Companies
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