Robert W. Baird Believes Deere (NYSE: DE) Still Has Room to Grow

By Carrie Williams

In a report released today, Mircea Dobre from Robert W. Baird reiterated a Buy rating on Deere (NYSE: DE), with a price target of $185. The company’s shares closed yesterday at $167.46, close to its 52-week high of $168.44.

According to, Dobre is a 4-star analyst with an average return of 9.4% and a 63.6% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Hyster-Yale Materials Handling Inc, Lincoln Electric Holdings, and John Bean Technologies.

Currently, the analyst consensus on Deere is Moderate Buy and the average price target is $167.67, representing a 0.1% upside.

In a report issued on January 10, RBC Capital also upgraded the stock to Buy with a $190 price target.

Deere’s market cap is currently $53.08B and has a P/E ratio of 25.22. The company has a book value ratio of 5.6392.

Based on the recent corporate insider activity of 101 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.