Deere & Company (DE) is a leading agricultural equipment manufacturer with a market cap of $129.2 billion. Despite outperforming the S&P 500 Index over the past year, DE’s stock has only risen 13.5% YTD. The company reported better-than-expected Q3 results, with revenue of $12 billion and EPS of $4.75, but saw a 6.8% drop in share price. Analysts expect a 27.5% decline in EPS for the current fiscal year. However, the consensus rating on DE remains a “Moderate Buy,” with a mean price target of $523.52, indicating an 8.9% premium.

Adam Seiden from Barclays PLC maintains a “Buy” rating on DE with a price target of $530. The mean price target of $523.52 represents an 8.9% premium from DE’s current price levels.

Read more at Barchart.: Deere & Company Stock: Analyst Estimates & Ratings