At the time of writing, Deere & Co. [DE] stock is trading at $377.51, up 1.57%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DE shares have gain 8.22% over the last week, with a monthly amount drifted -0.12%, and not 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 July 02, 2024, when Truist reiterated its Buy rating and also revised its price target to $439 from $460. Previously, Raymond James started tracking the stock with Outperform rating on June 28, 2024, and set its price target to $420. On June 26, 2024, Citigroup initiated with a Neutral rating and assigned a price target of $395 on the stock. TD Cowen reiterated its Hold rating and increased its price target to $390 on May 17, 2024. Truist initiated its recommendation with a Buy and recommended $494 as its price target on March 14, 2024. Morgan Stanley started tracking with a Overweight rating for this stock on January 08, 2024, and assigned it a price target of $430. In a note dated January 08, 2024, Melius downgraded an Hold rating on this stock.
For the past year, the stock price of Deere & Co. fluctuated between $345.93 and $450.00. Currently, Wall Street analysts expect the stock to reach $436.75 within the next 12 months. Deere & Co. [NYSE: DE] shares were valued at $377.51 at the most recent close of the market. An investor can expect a potential return of 15.69% based on the average DE price forecast.
Analyzing the DE fundamentals
According to Deere & Co. [NYSE:DE], the company’s sales were 58.62B for trailing twelve months, which represents an -12.37% 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 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.42 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.91.
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 368.75 points at the first support level, and at 359.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 383.45, and for the 2nd resistance point, it is at 389.39.
Ratios To Look Out For
It is important to note that Deere & Co. [NYSE:DE] has a current ratio of 0.67. Further, the Quick Ratio stands at 0.46, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 1.77, the price to book ratio is 4.59 and price to earnings (TTM) ratio is 11.37.
Transactions by insiders
Recent insider trading involved Reed Cory J, Pres Ag & Turf, Prod & Prec Ag, that happened on Jun 24 ’24 when 13370.0 shares were sold. Pres, WWC&F and Pwr Systems, CAMPBELL RYAN D completed a deal on Oct 02 ’23 to sell 6073.0 shares. Meanwhile, Pres Ag & Turf, Prod & Prec Ag Reed Cory J sold 4680.0 shares on Jul 25 ’23.
