At the time of writing, Deere & Co. [DE] stock is trading at $410.89, up 0.47%. 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 3.27% over the last week, with a monthly amount glided 7.79%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Deere & Co. [NYSE: DE] stock has seen the most recent analyst activity on August 19, 2024, when HSBC Securities downgraded its rating to a Hold. Previously, BMO Capital Markets started tracking the stock with Market Perform rating on August 09, 2024, and set its price target to $400. On July 02, 2024, Truist reiterated its Buy rating and revised its price target to $439 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $420 on June 28, 2024. Citigroup initiated its recommendation with a Neutral and recommended $395 as its price target on June 26, 2024. TD Cowen reiterated a Hold rating for this stock on May 17, 2024, and upped its price target to $390. In a note dated March 14, 2024, Truist initiated an Buy rating and provided a target price of $494 on this stock.
For the past year, the stock price of Deere & Co. fluctuated between $340.20 and $417.46. Currently, Wall Street analysts expect the stock to reach $424.7 within the next 12 months. Deere & Co. [NYSE: DE] shares were valued at $410.89 at the most recent close of the market. An investor can expect a potential return of 3.36% based on the average DE price forecast.
Analyzing the DE fundamentals
According to Deere & Co. [NYSE:DE], the company’s sales were 55.98B for trailing twelve months, which represents an -16.70% plunge. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.37 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.87.
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 406.92 points at the first support level, and at 402.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 415.31, and for the 2nd resistance point, it is at 419.72.
Ratios To Look Out For
It is important to note that Deere & Co. [NYSE:DE] has a current ratio of 0.68. Further, the Quick Ratio stands at 0.48, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 2.01, the price to book ratio is 4.87 and price to earnings (TTM) ratio is 14.02.
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.
