BMO Capital Believes Deere (NYSE: DE) Won’t Stop Here

By Jason Carr

BMO Capital analyst Joel Tiss maintained a Buy rating on Deere (NYSE: DE) today and set a price target of $195. The company’s shares closed yesterday at $164.77, close to its 52-week high of $175.26.

According to, Tiss is a 5-star analyst with an average return of 14.1% and a 68.3% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, John Bean Technologies, and Wabash National Corp.

Currently, the analyst consensus on Deere is Strong Buy and the average price target is $185.67, representing a 12.7% upside.

In a report issued on February 16, Credit Suisse also maintained a Buy rating on the stock with a $231 price target.

Deere’s market cap is currently $53.03B and has a P/E ratio of 37.70. The company has a book value ratio of 5.5486.

Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DE in relation to earlier this year.

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Deere & Co. manufactures and distributes a complete line of equipment used in agriculture, construction, forestry and turf care. It also manufactures engines and other power train components. It operates its business through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services.