BUY on WEAKNESS
Deere & Co.
DE vs. CAT Agriculture sector is tough, so he's never invested aggressively in it. Between CAT and DE, he'd lean more towards CAT. He does own FTT.
machinery
TOP PICK
Deere & Co.
Crop prices have been strong and will continue. A lot of US corn and soy production goes to petro products. Growing food issues. Mid-teen valuation. Adding lots of technology, precision farming. Also has forestry and construction, which will do well with the infrastructure build. Yield is 1.11%. (Analysts’ price target is $460.44)
machinery
BUY
Deere & Co.
Farmers are flush from very high crop prices, so they spend on DE farm equipment. Deere's order book is full into late-2023. Their construction business should get a boost from the infrastructure bill. And it trades at only 15x earning.
machinery
STRONG BUY
Deere & Co.
They reported a super quarter last Wednesday. They generate real earnings. Russia's invasion of Ukraine pushed up crop prices, which was a boon for Deere. Sales and earnings beat and Deere issued a a strong forecast. Shares jumped 5% last Wednesday. Price target jumped. Deere is up nearly 29% YTD. Another tailwind is infrastructure spending. There's still a lot of upside coming. They reported 37% revenue growth, easily beating the street. Every segment beat sales expectations. Revenues were $15.54 billion. Deere expects modest growth in 2023. They have pricing power and cash flow is bouncing back. Order books are full until late 2023. Exports from the Black Sea are expected to be down 40% and supply constraints will continue to encourage demand for Deere's agricultural equipment, sales Deere. Trades at only 16x PE vs. S&P's 17x 2023.
machinery
BUY
Deere & Co.
They reported today amid high expectations built into the share price. It's hitting highs today, but stay in this stock. because it's thriving within a secular bull market for agriculture. Also, there will be an acceleration in replacing aging farm equipment. Plus there will implementation of autonomous tractors. Stay committed to the entire ag space as a whole as it moves into 2023.
machinery
BUY
Deere & Co.
Last Friday, they reported a strong quarter--great orders and they see an end to the supply problem that has been plaguing them. Deere has been spending a lot to make their machines more efficient (and requires less labour during a global labour shortage).
machinery
SELL
Deere & Co.
Just sold it. He had a great run, but the strong USD is a concern for this sector and stock. This equipment is very expensive to global buyers. The USD is killing this.
machinery
BUY
Deere & Co.
The USD has continued to strengthen, but there is a lot of consolidation in the farming sector. There will be a need for more ag. efficiencies. So, Deere is a long-term opportunity and will benefit from this.
machinery
COMMENT
Deere & Co.
It reports Friday. It has a more-than-full order book but is hampered by supply chain constraints.
machinery
BUY
Deere & Co.
There will be more plantings in Europe, therefore more precision agricultural equipment. Deere is a no-brainer.
machinery
BUY
Deere & Co.
She bought more today. She likes farm equipment's secular growth; likes how Deere is introducing technology to make their business more efficient which will improve margin. But they are also hit by the supply chain. They beat their quarter--precision and production ag came in light, but up 13%. Construction and forestry segments were stellar with revenues up 9% YOY; operating profit was up 66%. This current share drop is overdone. Deere has hung on better than other industrials. They just announced 9% revenue growth, and 17% earnings growth, and raised guidance.
machinery
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TOP PICK
Deere & Co.
Will report tomorrow. Profits from the fertilizer shortage. Working on autonomous tractors. Joe Terranova gave several buy signals in the past few months. Social media mentions are up 357% for the past 24h.
machinery
BUY
Deere & Co.
He loves the agriculture trade. Spring plantings are coming and this gives exposure. He continues to buy it. There's no organization like OPEC to crude oil to control this sector and its holdings.
machinery
BUY
Deere & Co.
Deere and ADM--he's staying long in agriculture.
machinery
BUY
Deere & Co.
It's the Tesla of farming; autonomous tractors are coming. They report this week.
machinery
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Deere & Co.(DE-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 11

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 12

Stockchase rating for Deere & Co. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Deere & Co.(DE-N) Frequently Asked Questions

What is Deere & Co. stock symbol?

Deere & Co. is a American stock, trading under the symbol DE-N on the New York Stock Exchange (DE). It is usually referred to as NYSE:DE or DE-N

Is Deere & Co. a buy or a sell?

In the last year, 12 stock analysts published opinions about DE-N. 11 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Deere & Co..

Is Deere & Co. a good investment or a top pick?

Deere & Co. was recommended as a Top Pick by on . Read the latest stock experts ratings for Deere & Co..

Why is Deere & Co. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Deere & Co. worth watching?

12 stock analysts on Stockchase covered Deere & Co. In the last year. It is a trending stock that is worth watching.

What is Deere & Co. stock price?

On 2023-02-03, Deere & Co. (DE-N) stock closed at a price of $406.06.