At the time of writing, Deere & Co. [DE] stock is trading at $400.60, up 0.94%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DE shares have lost -2.96% over the last week, with a monthly amount glided 2.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Deere & Co. [NYSE: DE] stock has seen the most recent analyst activity on March 14, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $494. Previously, Morgan Stanley started tracking the stock with Overweight rating on January 08, 2024, and set its price target to $430. On January 08, 2024, downgrade downgraded it’s rating to Hold. TD Cowen reiterated its Market Perform rating and decreased its price target to $396 on November 24, 2023. Canaccord Genuity downgraded its rating to a Hold and reduced its price target to $400 on September 22, 2023. Evercore ISI downgraded its rating to In-line for this stock on September 19, 2023, and downed its price target to $424. In a note dated September 15, 2023, HSBC Securities initiated an Buy rating and provided a target price of $486 on this stock.
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 $434.55 within the next 12 months. Deere & Co. [NYSE: DE] shares were valued at $400.60 at the most recent close of the market. An investor can expect a potential return of 8.47% 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 -3.78% 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 397.45 points at the first support level, and at 394.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 403.01, and for the 2nd resistance point, it is at 405.43.
Ratios To Look Out For
It is important to note that Deere & Co. [NYSE:DE] has a current ratio of 0.68. In addition, the Quick Ratio stands at 0.44 and the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 1.83, the price to book ratio is 5.05 and price to earnings (TTM) ratio is 11.67.
Transactions by insiders
Recent insider trading involved CAMPBELL RYAN D, Pres, WWC&F and Pwr Systems, that happened on Oct 02 ’23 when 6073.0 shares were sold. Pres Ag & Turf, Prod & Prec Ag, Reed Cory J completed a deal on Jul 25 ’23 to sell 4680.0 shares. Meanwhile, Chairman & CEO May John C II sold 52967.0 shares on Jun 22 ’23.
