At the time of writing, Deere & Co. [DE] stock is trading at $349.14, up 0.91%. An important factor to consider is whether the stock is rising or falling in short-term value. The DE shares have lost -2.45% over the last week, with a monthly amount drifted -0.68%, 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 $340.20 and $441.46. Currently, Wall Street analysts expect the stock to reach $436.75 within the next 12 months. Deere & Co. [NYSE: DE] shares were valued at $349.14 at the most recent close of the market. An investor can expect a potential return of 25.09% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.91.
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 346.74 points at the first support level, and at 344.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 351.19, and for the 2nd resistance point, it is at 353.25.
Ratios To Look Out For
It is important to note that Deere & Co. [NYSE:DE] has a current ratio of 0.67. On the other hand, the Quick Ratio is 0.46, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 1.64, the price to book ratio is 4.24 and price to earnings (TTM) ratio is 10.51.
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.
