Deere & Co [NYSE: DE] closed the trading session at $437.54.
The stocks have a year to date performance of 9.42 percent and weekly performance of 10.87 percent. The stock has been moved at 15.37 percent over the last six months. The stock has performed 7.07 percent around the most recent 30 days and changed 14.79 percent over the most recent 3-months.
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If compared to the average trading volume of 1.14M shares, DE reached to a volume of 4148453 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $431.30 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 2.28. 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.
HSBC Securities have made an estimate for Deere & Co shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 19, 2024. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price to Market Perform. The new note on the price target was released on August 09, 2024, representing the official price target for Deere & Co stock. Previously, the target price had yet another drop from $460 to $439, while Truist kept a Buy rating on DE stock.
The Average True Range (ATR) for Deere & Co is set at 10.49, with the Price to Sales ratio for DE stock in the period of the last 12 months amounting to 2.31. The Price to Book ratio for the last quarter was 5.19, with the Price to Cash per share for the same quarter was set at 30.99. Price to Free Cash Flow for DE in the course of the last twelve months was 23.89 with Quick ratio for the last quarter at 0.48.
DE stock trade performance evaluation
Deere & Co [DE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.87. With this latest performance, DE shares gained by 7.07% in over the last four-week period, additionally plugging by 15.37% over the last 6 months – not to mention a rise of 14.34% 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 68.52, with the RSI for the last a single of trading hit 74.28, and the three-weeks RSI is set at 65.08 for Deere & Co [DE]. The present Moving Average for the last 50 days of trading for this stock 405.95, while it was recorded at 409.21 for the last single week of trading, and 386.73 for the last 200 days.
Deere & Co [DE]: An insightful look at the core fundamentals
Deere & Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.48 and a Current Ratio set at 0.68.
Earnings per share (EPS) analysis for Deere & Co [DE] stock
With the latest financial reports released by the company, Deere & Co posted 6.23/share EPS, while the average EPS was predicted by analysts to be reported at 5.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.02. 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 -12.12%.
Deere & Co [DE]: Institutional Ownership
There are presently around $80.29%, or 80.43%% of DE stock, in the hands of institutional investors. The top three institutional holders of DE stocks are: VANGUARD GROUP INC with ownership of 21.72 million shares, which is approximately 7.8466%. BLACKROCK INC., holding 16.36 million shares of the stock with an approximate value of $$6.11 billion in DE stocks shares; and BLACKROCK INC., currently with $$4.22 billion in DE stock with ownership which is approximately 4.081%.
