At the time of writing, Deere & Co. [DE] stock is trading at $365.05, up 0.07%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DE shares have gain 2.32% over the last week, with a monthly amount drifted -8.03%, and not seem to be holding up well over a long-time horizon.
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On 28, February 2024, John Deere Announces Major Product Launch at Commodity Classic. In a post published today on Yahoo Finance, – Today, John Deere (NYSE: DE) continued its legacy of delivering high-quality, customer-focused solutions with one of its largest product launches in the company’s 187-year history. At the Commodity Classic tradeshow in Houston, Texas, John Deere unveiled new cutting-edge equipment solutions for Model Year 2025, including:.
From an analyst’s perspective:
Deere & Co. [NYSE: DE] stock has seen the most recent analyst activity on January 08, 2024, when Morgan Stanley initiated its Overweight rating and assigned the stock a price target of $430. Previously, Melius downgraded its rating to Hold on January 08, 2024. On November 24, 2023, TD Cowen reiterated its Market Perform rating and revised its price target to $396 on the stock. Canaccord Genuity downgraded its rating to a Hold and decreased its price target to $400 on September 22, 2023. Evercore ISI downgraded its rating to a In-line and reduced its price target to $424 on September 19, 2023. HSBC Securities started tracking with a Buy rating for this stock on September 15, 2023, and assigned it a price target of $486. In a note dated August 21, 2023, Stifel reiterated an Buy rating on this stock and revised its target price from $493 to $460.
For the past year, the stock price of Deere & Co. fluctuated between $345.55 and $450.00. Currently, Wall Street analysts expect the stock to reach $430.05 within the next 12 months. Deere & Co. [NYSE: DE] shares were valued at $365.05 at the most recent close of the market. An investor can expect a potential return of 17.81% based on the average DE price forecast.
Analyzing the DE fundamentals
According to Deere & Co. [NYSE:DE], the company’s sales were 60.77B for trailing twelve months, which represents an -3.74% plunge. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.45 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.86.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 362.65 points at the first support level, and at 360.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 367.65, and for the 2nd resistance point, it is at 370.25.
Deere & Co. [DE] reported earnings per share of $6.23 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $5.21/share, meaning a difference of $1.02 and a surprise factor of 19.60%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $8.32 per share as compared to estimates of $7.47 per share, a difference of $0.85 representing a surprise of 11.40%.
Ratios To Look Out For
It is important to note that Deere & Co. [NYSE:DE] has a current ratio of 0.68. Also, the Quick Ratio is 0.44, while the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 1.68, the price to book ratio is 4.72 and price to earnings (TTM) ratio is 10.63.
Transactions by insiders
Recent insider trading involved CAMPBELL RYAN D, Pres, WWC&F and Pwr Systems, that happened on Oct 02 when 6073.0 shares were sold. Pres Ag & Turf, Prod & Prec Ag, Reed Cory J completed a deal on Jul 25 to sell 4680.0 shares. Meanwhile, Chairman & CEO May John C II sold 52967.0 shares on Jun 22.
