Expert Ratings For Deere
Portfolio Pulse from Benzinga Insights
12 analysts have recently evaluated Deere (NYSE:DE), showing a mix of bullish and bearish perspectives. The average 12-month price target is $423.08, down 2.52% from the previous $434.00. Analysts have adjusted their ratings and price targets, reflecting evolving market conditions and company performance. Deere's revenue has declined by 12.59% over the past three months, but it maintains strong net margins, ROE, and ROA. However, its debt-to-equity ratio is high at 2.91.
August 08, 2024 | 5:00 pm
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Deere (NYSE:DE) has received mixed analyst ratings with a 12-month price target of $423.08, down 2.52% from the previous target. The company faces a revenue decline of 12.59% over the past three months but maintains strong net margins, ROE, and ROA. However, its high debt-to-equity ratio of 2.91 poses potential financial challenges.
The mixed analyst ratings and slight decrease in the average price target suggest a neutral short-term impact on Deere's stock. The revenue decline is a concern, but strong financial metrics like net margins and ROE provide some balance. The high debt-to-equity ratio is a potential risk factor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100