Deere & Co (DE) Stock Up 0.15%: Latest Performance Analysis

Deere & Co [DE] stock is trading at $426.63, up 0.15%. 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 lost -2.92% over the last week, with a monthly amount glided 6.63%, 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 December 06, 2024, when Jefferies downgraded its rating to a Hold but kept the price target unchanged to $510 for it. Previously, Oppenheimer reaffirmed its Outperform rating on November 22, 2024, and elevated its price target to $477. On August 19, 2024, downgrade downgraded it’s rating to Hold. BMO Capital Markets started tracking the stock assigning a Market Perform rating and suggested a price target of $400 on August 09, 2024. Truist reiterated its recommendation of a Buy and reduced its price target to $439 on July 02, 2024. Raymond James started tracking with a Outperform rating for this stock on June 28, 2024, and assigned it a price target of $420. In a note dated June 26, 2024, Citigroup initiated an Neutral rating and provided a target price of $395 on this stock.

Deere & Co [DE] stock has fluctuated between $340.20 and $469.39 over the past year. Currently, Wall Street analysts expect the stock to reach $410 within the next 12 months. Deere & Co [NYSE: DE] shares were valued at $426.63 at the most recent close of the market. An investor can expect a potential drop of -3.9% based on the average DE price forecast.

Analyzing the DE fundamentals

Deere & Co [NYSE:DE] reported sales of 51.72B for the trailing twelve months, which represents a drop of -27.69%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.31 and Total Capital is 0.14. 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 422.05 points at the first support level, and at 417.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 431.14, and for the 2nd resistance point, it is at 435.64.

Ratios To Look Out For

For context, Deere & Co’s Current Ratio is 1.39. Further, the Quick Ratio stands at 1.20, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 2.24, the price to book ratio is 5.08 and price to earnings (TTM) ratio is 16.67.