Are Wall Street Analysts Bullish on Deere & Company Stock?

Deere & Company (DE) is a global manufacturer of agricultural, construction, and forestry machinery, plus turf care equipment and related financial services. The company designs, produces, and distributes tractors, combines, harvesters, sprayers, excavators, loaders, mowers, and precision-agriculture technologies through an extensive worldwide dealer network. Deere is headquartered in Moline, Illinois and has a market capitalization of $161.94 billion.

Although some near-term headwinds linger, investors are likely pricing a recovery in farm equipment demand, leading to a surge in Deere’s shares. Over the past 52 weeks, the stock has gained 22.7%, and it is up 28.9% year-to-date (YTD). The stock reached a 52-week high of $674.19 on Feb.19 but is down 11% from that level.