NYSE:DE

Deere & Co. (DE)

577.33
+3.67 (0.64%)
as of Jun 9, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 9, 2026, 12:00 am

This summary was created by AI, based on 6 opinions in the last 12 months.

Deere & Co. faces mixed reviews from various experts, reflecting its highly cyclical nature tied to agricultural fortunes and commodity prices. While the company has shown resilience through earnings beats and profit margin improvements, concerns linger regarding future guidance and the broader agricultural market. Some experts prefer to focus on other sectors, such as infrastructure and railroads, suggesting limited immediate potential for Deere in comparison to competitors like Caterpillar. Additionally, while there are indications of a conducive future with potential growth rates of 10% in net sales from 2025 to 2030, challenges remain, especially regarding farmer spending habits and commodity price fluctuations. Thus, potential buyers are advised to be cautious and consider waiting for a more favorable market environment.

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Consensus
Cautious
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Valuation
Undervalued
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Similar
CAT, CAT
TOP PICK
Has about 20% in construction but most revenues come from agriculture. Longer term will benefit from global trends of population and income growth in emerging markets. Trading at about 14X forward earnings with mid-teens expected growth.
COMMENT
Good company and has done well and in the sweet spot of the cycle. Very concentrated in the US which gives him worries. Prefers Caterpillar (CAT-N).
BUY
Solid blue chip company. Long-term competition is going to come out of China. Will move with corn and wheat prices. If market has a tumble in the second half, it could come down with it.
BUY
Likes it. It is an extension of the agriculture sector. One of the few companies that are devoted to the farm equipment space. Descent earnings growth longer term.
COMMENT
Has been a good company and at the sweet spot with food and commodity inflation. Farmers have the ability to Buy the equipment now. About 50%-60% of their business is domestic.
BUY
Caterpillar (CAT-N) or Deere (DE-N)? Caterpillar has about 70% foreign exposure and Deere has about 40%-45%. Deere relies on farmers to be able to afford equipment. Deere is good and trades at a good multiple, a couple of points higher than Caterpillar. (Prefers Caterpillar.)
BUY
Likes it in the short term. Farm income is now projected to be up 5%, which will increase farmers to spend. Emerging markets are going to have to feed their people, which will encourage all kinds of agricultural activity.
BUY
There is an effort to build a huge pipeline for ethanol in Nebraska, which will mean a lot of farmers growing crops for ethanol and buying farm equipment.
DON'T BUY
This is more for a late cycle in agriculture. At 19.5X earnings is not keen on it right now.
PAST TOP PICK
(A Top Pick Sept 4/08. Down 31%.) Weight per bushel of corn was down so farmers’ incomes were down. There is an anticipated decline in farm income of 12.4%.
DON'T BUY
Not a fan of Caterpillar (CAT-N) or Deere (DE-N) because of balance sheet leverages but are also tied to global construction demand, a cyclical recovery. Both of gotten ahead of themselves recently.
DON'T BUY
(Market Call Minute.) Looking at the analysts’ earnings forecast (his Fair Market Value) it has been plunging. FMV is about $52.
PAST TOP PICK
(A Top Pick Aug 5/08. Down 30.84%.) Sold last fall when markets were in the tank. Farmers are going to have to feel more comfortable with 1) outlook for crops, 2) pricing and 3) their income. If you are going to Buy a position, take a small one after they report on Aug 19 and be prepared to wait a bit.
BUY
Tied to the resurgence in the overall economy. Their agricultural business is going to be tied to a growth in the international markets. Until the inventory equipment is drawn down there will be demand for new products. For a 3-year time horizon you could Buy or Hold.
PAST TOP PICK
(A Top Pick Aug 5/08. Down 36.9%.)
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