Deere: Jefferies maintains 'hold' rating
(CercleFinance.com) - Jefferies is maintaining its "hold" rating on the Deere & Company share after the manufacturer of agricultural and building equipment published its quarterly accounts late last week.
John Deere reported Q2 2017/18 net income that is up 49% at 1.21 billion dollars, meaning EPS of 3.67 dollars, significantly above the consensus of about 3.30 dollars. Revenues rose 29% to 10.7 billion dollars, supported by a general improvement in global market conditions and customer's appreciation of innovative products.
The strength of the small tractors segment has clearly helped Deere [in its results], although the main difference [relative to previous quarters] has been the company's ability to continue to reduce structural costs and generate impressive additional margins, says the analyst who monitors the stock, and who has also confirmed its target price of 175 dollars.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
John Deere reported Q2 2017/18 net income that is up 49% at 1.21 billion dollars, meaning EPS of 3.67 dollars, significantly above the consensus of about 3.30 dollars. Revenues rose 29% to 10.7 billion dollars, supported by a general improvement in global market conditions and customer's appreciation of innovative products.
The strength of the small tractors segment has clearly helped Deere [in its results], although the main difference [relative to previous quarters] has been the company's ability to continue to reduce structural costs and generate impressive additional margins, says the analyst who monitors the stock, and who has also confirmed its target price of 175 dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.