A share price of Deere & Co [DE] is currently trading at $446.65, up 2.08%. 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 gain 11.96% over the last week, with a monthly amount glided 8.66%, 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 November 22, 2024, when Oppenheimer reiterated its Outperform rating and also boosted its price target to $477 from $448. Previously, HSBC Securities downgraded its rating to Hold on August 19, 2024. On August 09, 2024, BMO Capital Markets initiated with a Market Perform rating and assigned a price target of $400 on the stock. Truist reiterated its Buy rating and decreased its price target to $439 on July 02, 2024. Raymond James initiated its recommendation with a Outperform and recommended $420 as its price target on June 28, 2024. Citigroup started tracking with a Neutral rating for this stock on June 26, 2024, and assigned it a price target of $395. In a note dated May 17, 2024, TD Cowen reiterated an Hold rating on this stock and boosted its target price from $383 to $390.
Deere & Co experienced fluctuations in its stock price throughout the past year between $340.20 and $442.05. Currently, Wall Street analysts expect the stock to reach $424.7 within the next 12 months. Deere & Co [NYSE: DE] shares were valued at $446.65 at the most recent close of the market. An investor can expect a potential drop of -4.91% based on the average DE price forecast.
Analyzing the DE fundamentals
Trailing Twelve Months sales for Deere & Co [NYSE:DE] were 51.72B which represents -27.69% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.85.
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 436.74 points at the first support level, and at 426.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 452.03, and for the 2nd resistance point, it is at 457.41.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Deere & Co [NYSE:DE] is 0.64. In addition, the Quick Ratio stands at 0.45 and the Cash Ratio stands at 0.46. Considering the valuation of this stock, the price to sales ratio is 2.41, the price to book ratio is 5.30 and price to earnings (TTM) ratio is 17.45.
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.
