Deere & Company (NYSE:DE) Given Price Target Of $80.916


As per Deere & Company (NYSE:DE)’s news release on 2016-05-26, its shareholders will get cash dividend of $0.6 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-30 and 2016-08-01, respectively.

The stock will commence trading ex-dividend from 2016-06-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Deere & Company (NYSE:DE) disbursed $0.6 in dividend compared to distribution of $0.6, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 8.1081%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Deere & Company (NYSE:DE) to attain a price target of $80.916. It is an average estimate figure given by 12 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $96. The low price range is set at $63 for next year while the arithmetic mean is seen at 3.09.

Eyeing Earnings Deere & Company (NYSE:DE) is likely to post quarterly numbers around 2016-11-23 for the quarter ending 2016-10-31. The quarterly EPS projection is set at $0.37 for the period ending on 2016-10-31.

In last quarter ended 2015-10-31, Deere & Company (NYSE:DE) earnings came at $1.55 suggesting a deviation of $0.6. The brokerages targeted EPS of $0.95 for the quarter.

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