Could this be the case of a blown-up long-term opportunity? Deere & Co (DE)

Deere & Co [DE] stock prices are down -1.10% to $400.09 at the moment. 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 1.61% over the last week, with a monthly amount drifted -1.69%, 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 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.

The stock price of Deere & Co [DE] has been fluctuating between $340.20 and $420.47 over the past year. Currently, Wall Street analysts expect the stock to reach $424.7 within the next 12 months. Deere & Co [NYSE: DE] shares were valued at $400.09 at the most recent close of the market. An investor can expect a potential return of 6.15% based on the average DE price forecast.

Analyzing the DE fundamentals

The Deere & Co [NYSE:DE] reported sales of 55.98B for trailing twelve months, representing a drop of -16.70%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.22%, 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 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.85.

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 397.69 points at the first support level, and at 395.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 402.56, and for the 2nd resistance point, it is at 405.02.

Ratios To Look Out For

It’s worth pointing out that Deere & Co [NYSE:DE]’s Current Ratio is 0.68. Further, the Quick Ratio stands at 0.48, while the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 1.96, the price to book ratio is 4.75 and price to earnings (TTM) ratio is 13.65.