Credit Suisse (SIX:CSGN) analyst Jamie Cook maintained a Buy rating on Deere (NYSE:DE) on Monday, setting a price target of $179, which is approximately 20.10% above the present share price of $149.04.
Cook expects Deere to post earnings per share (EPS) of $2.13 for the second quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Deere, with an average price target of $164.67.
The analysts price targets range from a high of $182 to a low of $145.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $9.25 billion and a net profit of $928 million. The company's market cap is $46.63 billion.
According to TipRanks.com, Credit Suisse analyst Jamie Cook is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.1% and a 54.31% success rate.
Deere & Co. engages in the manufacturing and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacturing of full line of agriculture and turf equipment and related service parts. The Construction and Forestry segment offers machines and service parts used in construction, earthmoving, road building, material handling, and timber harvesting. The Financial Services segment finances sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment. The company was founded by John Deere in 1837 and is headquartered in Moline, IL.