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Deere & Co. (DE-N)
NYSE:DE
440.44
0.96
(0.22%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Flat Friday, down weekCanadian Tire, Savaria & XLIOil slumps, cryptos rally, stocks dipThis summary was created by AI, based on 8 opinions in the last 12 months.
Deere & Co. (DE) has been a top pick by experts with mixed results. The stock has shown progress and reached its target of $425 but has also experienced a recent downswing. The company is considered a great investment opportunity due to its position in the industrial economy and its investments in research for agricultural demand. However, the stock remains volatile and impacted by commodity prices and interest rates. Overall, DE has a strong long-term trading range and potential for upside.
$436.580
Unknown
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.
They reported a beat but lowered guidance. This remains a good company that is simply being cautious, which may be warranted in the face of the lag effect of Fed comments, but will be short-lived. They have set a bar they can easily clear. A buy.
It's been challenging for him. The agriculture and commodity cycle is in trouble due to weakening demand. Perilous.
Agriculture prices are much lower than last year, so farmers are no longer spending a lot of money in capex. But Deere is also in construction.
Deere & Co.(DE-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 9
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, 9 stock analysts published opinions about DE-N. 6 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?
9 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 2024-12-13, Deere & Co. (DE-N) stock closed at a price of $440.44.
Our PAST TOP PICK with DE has achieved its target at $425. To remain disciplined, we recommend covering half the position at this time and maintaining the stop at $49..