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Stock Update: Deere & Company (NYSE:DE) – Deere announces factory workforce adjustments

[PR Newswire] – MOLINE, Ill., Feb. 26, 2016 /PRNewswire/ — Deere & Company (NYSE: DE) has informed approximately 100 manufacturing employees that they will be placed on indefinite layoff, effective April 1. The layoffs … Read more on this. Deere & Company (DE) , valued at $25.34B, opened at $79.87. Today, shares have traded between $79.21 and $80.59 per share and has traded between $70.16 and $98.23 over the past year. Deere (DE) shares are currently priced at 19.27x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 14.23x earnings multiple for the same period. The company pays shareholders $2.40 per share annually in dividends, yielding 3.06%. According to a consensus of 20 analysts, the earnings estimate of $1.48 per share would be $0.55 worse than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.10, which would be a $1.67 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.70 Billion. If reported, that would be a 9.46% decrease over the year-ago quarter. More recently, Argus upgraded DE from Hold to Buy (Feb 24, 2016). Previously, Societe Generale Initiated DE at to Hold. When considering if the stock is under or overvalued, the average price target is $75.67, which is 5.26% below where the stock opened this morning. See more in (NYSE:DE) Similar Articles: Stock Update (NYSE:DE): Deere & Company is among World’s Top 50 Most Admired Companies Market Update: Deere & Company (NYSE:DE) – Deere, DN2K form joint venture with focus on decision making tools for agriculture advisers Market Update: Deere & Company (NYSE:DE) – Deere & Company Announces Quarterly Dividend
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