Investor’s Update: Deere & Company (NYSE:DE)

[PRnewswire] Deere & Company (NYSE:DE) announced changes to its senior leadership team that will take place after the retirement of James A. Israel, president of John Deere Financial - the company's global financial services division headquartered in Des Moines, Iowa.Stock PerformanceTaking a look at the company’s recent performance, Deere & Company (NYSE:DE) reported third quarter earnings for fiscal 2014 on August 13^th. The company reported actual earnings per share of $2.33 against the consensus Street estimate of $2.20. Deere & Company posted revenue of $9.50 million against estimates of $8.75 million.Deere & Company is currently valued at $30.15 billion and closed the last trading session at $84.12. The stock has a 50-day moving average of $83.57 and a 200-day moving average of $88.58.

Is this a Buying Opportunity?There are currently twelve analysts that we track that cover the stock. Of those twelve, three have a Buy rating, six have a hold rating and three have a Sell rating. On a consensus basis this yields a score of 2.00 and a Hold. The combined price objective of these covering analysts is $87.62, which represents a -7.23% difference to the last closing price.The most recent analyst activity consisted of Barclays reiterating their Overweight stance on the company. Barclays has a price target of $97 which represents an upside of 17.8% from the last closing price. On the date of the report, the stock closed at $82.34.Another research firm weighing in recently was Deutsche Bank who also reiterated their rating on the stock. On Sept 22^ndDeutsche Bank lowered their price target on the stock from $110 to $106, or a 28.7% upside to the current price. On the day of the report, DE shares closed at $83.74.Company ProfileDeere & Company (NYSE:DE) together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company’s Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; loaders; combines, corn pickers, cotton and sugarcane harvesters, and related front-end equipment and sugarcane loaders; and tillage, seeding, and application equipment, such as sprayers, nutrient management, and soil preparation machinery. It also provides hay and forage equipment comprising self-propelled forage harvesters and attachments, balers, and mowers; and riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, and commercial mowing equipment.