Deere & Co. (DE-N)
NYSE:DE
468.99
8.03
(1.68%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 10 opinions in the last 12 months.
Deere & Co. (DE) has presented a mixed outlook according to various experts, reflecting both caution and optimism. While some analysts anticipate a challenging quarter due to declining farmer incomes, they also highlight the potential rebound in crop prices, which may positively impact the company. Stockchase's Michael O'Reilly notes several past top picks are performing well, encouraging investors to adjust stop-loss levels as the stock fluctuates between $340 and $430. Recent trends show the stock bouncing back, suggesting a trading upswing within a defined range. Moreover, with strong fundamentals, including significant investments in agricultural innovations, DE appears to be well-positioned for future growth despite current market pressures and volatility in agricultural commodity prices.
He expects a weak quarter on Thursday. Share prices are falling due to farmer incomes, which should turn around. Price crops should increase. Deere has controlled inventory.
Looking back 2-3 years, bounces back and forth between $340 and $430. Recent downswing from April-July, finding support around $350. However, started to bounce over last 2 days, encouraging. First resistance $410-415, next at $430-435, with the $400 round number in between. Trading upswing within a long-term trading range.
Not exactly undervalued. Volatile. Range-bound until recent uptrend. Impacted by commodity prices and interest rates. Cost-cutting, lowering forecasts. Business remains under pressure. 11% upside to street's target. Wait to see where the stock's going. Yield of 1.5%.
One of top ideas. Great company that underpins industrial economy. Excellent chart that is representing a good buying opportunity. Would buy this stock.
In a time of growing global agricultural demand, DE is well positioned. It has invested $2.2 billion into research for innovations that allow farmers to reduce input costs and their environmental footprint. It trades at 15x earnings and supports a robust 41% ROE. We recommend setting a stop-loss at $320, looking to achieve $425 -- upside potential of 60%. Yield 1.5%
(Analysts’ price target is $425.94)He sold in July. Crop prices falling, input costs were sticky, farmers' margins started to get squeezed. Interest rates were high, with no clear idea when they'd start to drop.
Has owned this for a while, but the agriculture cycle is over. He's held onto this because it's a different ag company. That said, the ag background is highly bearish.
Why is this a battleground stock? They ripped the band-aid off their last report and set future earnings at a proper level, but see a low bar in their forecast: 12x forward PE. Crop prices have been weak for a while, but that's the best time to buy Deere.
He sold it because he expects weak global growth in the first half of 2024 which will impact the international industrial names. He's getting more defensive in industrials and he sold Deere on strength last month.
The momentum is broken. Something has changed in the past year: maybe the agricultural cycle has deteriorated, replacing tractors has declined given high interest rates maybe. The balance sheet... It checks all the boxes. Good fundamentals. But if stocks remain like this at the end of January, he will sell in his quarterly rebalancing.
Deere & Co.(DE-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 7
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, 7 stock analysts published opinions about DE-N. 6 analysts recommended to BUY the stock. 0 analysts 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?
7 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 2025-03-21, Deere & Co. (DE-N) stock closed at a price of $468.99.