Buy, Sell or Hold: Deere & Co. (DE-N) — Stock Predictions at Stockchase

NYSE:DE

342.50

0.43 (0.13%) 1d

Showing 1 to 15 of 142 entries

BUY

Anything agriculture is a bull market, from machinery to fertilizer. Deere's conference call last week was magnificent; the tech they talked about was revolutionary and will save farmers a lot in wages.

machinery

BUY on WEAKNESS

Who will benefit from the $1 trillion infrastructure bill? There's a decade, not a month, of spending here, so there will be long-term gains for certain stocks. Technical analyst Bob Lang suggests: They also make construction equipment, which is one reason why the stock has been on fire since June. The RSI indicates overbought now, but Lang advises buying on any dip.

machinery

BUY on WEAKNESS

There's a June 30 government crop report. If corn has a bumper crop, Deere will go down--but that will be a buying opportunity. We're in a multi-year move for agriculture.

machinery

TOP PICK

A leader in farming machinery. Crop and commodity prices are high, which is a good backdrop for farmers. This should lead to further machinery purchases. Clear competitive advantage in precision agriculture, as it owns both the machinery and the software. Yield is 1.0%. (Analysts’ price target is $400.49)

machinery

BUY

They report Friday and it will be a blow-out, he predicts. Be aware of the commodity chatter out there, but we are in the strongest agricultural cycle in a decade.

machinery

BUY

With agricultural commodity prices roaring, Deere is one to look at it. There used to be many farm equipment stocks, but now there are few, so there's a scarcity of stocks in this industry. The best of breed like Deere are rallying as investors expect a coming boom. Deere's last quarters have been strong from rising commodity prices and management keeps raising guidance. DE is up 38% YTD and is selling at 23x earnings. It's trading like a Facebook and more expensive than that. That's fine, because there's a scarcity of farm equipment names. Deere has been buying back a lot of its shares.

machinery

SELL

It's up 37% YTD. Trade it medium-term, but sell it short. She sees downside, but you can hold this medium term.

machinery

SELL

It's up 37% YTD. Trade it medium-term, but sell it short. She sees downside, but you can hold this medium term.

machinery

DON'T BUY

It's up nearly 40% since January and its PE is above pre-pandemic highs. It lacks value within value stocks.

machinery

BUY

Classic stock for this kind of environment. Leadership in the recovery includes industrials and basic materials. He also owns CAT.

machinery

BUY

They report Friday. He predicts higher commodity prices have led to more orders for their tractors.

machinery

PARTIAL SELL

Take profits. The stock is ahead of itself trading at a high PE. They will have record earnings this year, but the price is already reflecting that and more. The new Biden administration will mean lower trade tensions with China will make farmers happier and wealthier. Deere has gotten into the heavy equipment business to compete with Caterpillar. A Biden infrastructure bill would really help.

machinery

BUY

This will go higher. So will Mosaic (MOS).

machinery

BUY

It reports Wednesday. The agricultural complex is strong. Deere has rallied nearly 50% this year, but don't forget that this is a play on Biden lowering tensions between the US and China. Any positive news on China-US relations will benefit Deere.

machinery

BUY

A JPMorgan analyst last week reported lower crops supply and rising demand near term, a perfect storm, which will result in higher spending on North American agriculture. Throw in strong demand from China. The same report urged a sell on Deere--that's crazy.

machinery

Showing 1 to 15 of 142 entries

Deere & Co.(DE-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 10

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 14

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, 14 stock analysts published opinions about DE-N. 10 analysts recommended to BUY the stock. 4 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?

14 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 2021-10-22, Deere & Co. (DE-N) stock closed at a price of $342.5.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.