Deere & Co. [DE] stock Initiated by Morgan Stanley analyst, price target now $430

Deere & Co. [NYSE: DE] loss -5.23% on the last trading session, reaching $364.66 price per share at the time. The company report on February 15, 2024 at 8:00 AM that CIBC Expands CDR Line-Up With 7 New CDR Tickers on Cboe Canada.

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Cboe Canada Inc. (“Cboe Canada”) is proud to welcome back CIBC for the listing of seven new Canadian Depositary Receipts (“CDRs”). With today’s launch, CIBC has expanded their existing CDR line-up to 54 blue-chip U.S. public companies.

If compared to the average trading volume of 1.71M shares, DE reached a trading volume of 4916361 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Deere & Co. [DE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DE shares is $425.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DE stock is a recommendation set at 2.04. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Deere & Co. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 08, 2024.

The Average True Range (ATR) for Deere & Co. is set at 8.55, with the Price to Sales ratio for DE stock in the period of the last 12 months amounting to 1.67. The Price to Book ratio for the last quarter was 4.71, with the Price to Cash per share for the same quarter was set at 30.02. Price to Free Cash Flow for DE in the course of the last twelve months was 24.78 with Quick ratio for the last quarter at 1.07.

Trading performance analysis for DE stock

Deere & Co. [DE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.49. With this latest performance, DE shares dropped by -3.68% in over the last four-week period, additionally sinking by -13.98% over the last 6 months – not to mention a drop of -10.91% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DE stock in for the last two-week period is set at 33.73, with the RSI for the last a single of trading hit 29.01, and the three-weeks RSI is set at 37.83 for Deere & Co. [DE]. The present Moving Average for the last 50 days of trading for this stock 386.39, while it was recorded at 379.88 for the last single week of trading, and 390.90 for the last 200 days.

Deere & Co. [DE]: A deeper dive into fundamental analysis

Deere & Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.07 and a Current Ratio set at 1.26.

Deere & Co. [DE]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Deere & Co. posted 6.55/share EPS, while the average EPS was predicted by analysts to be reported at 5.56/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 17.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Deere & Co. go to -5.05%.

An analysis of Institutional ownership at Deere & Co. [DE]

The top three institutional holders of DE stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in DE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in DE stock with ownership which is approximately 5.8325%.