BUY
Deere & Co.

Outside tech, there is now catch-up in other sectors. Look at the price action in Deere and how they recovered from their post-earnings debacle.

machinery
WEAK BUY
Deere & Co.

200-day MA meandering higher. Likes industrials as early-cycle winners. Strong global brand. Global demand for corn and soybeans will stay robust. Uptrend is there, but possible resistance around $450. Decently valued at 14x forward earnings, 15-16% growth rate. Couple of names he likes better.

machinery
BUY ON WEAKNESS
Deere & Co.
Infrastructure Bill of late 2021 money is only trickling out now

Trades less than 13x PE. A good construction business, but some are worried about their farm business, but if the latter drags down shares, then buy on that weakness.

machinery
COMMENT
Deere & Co.

Has owned this since 2021, based on agriculture seeing a positive cycle and a replacement cycle in farm equipment, which happened. Momentum is getting stretched though. Agriculture prices are declining.

machinery
WATCH
Deere & Co.

Sold it already. Agriculture prices are declining and prices for new tractors are rising, so farmers are getting squeezed. Shares are not cheap, but long term it's good. He will rebuy it down the road.

machinery
BUY
Deere & Co.

Good for this point in cycle as economy recovers. 
Cyclical business.
Good time to buy.

machinery
WEAK BUY
Deere & Co.

Problem is economic slowdown to a recession. Industrial spending and capex will slow. Among the industrials, agriculture probably has better growth.

machinery
BUY
Deere & Co.

He didn't catch it last week, but just bought some below $400 to add to his position. Farming remains healthy. Deere fundamentals were fine last quarter and this should continue.

machinery
PARTIAL SELL
Deere & Co.

He took some profits today after buying it over $400. They execute better than CAT. Deere just reported a great, but imperfect quarter. Inventories were higher. Not expensive. 15x PE is good and likes their AI applications, but farmers will need to afford that. It's not the right stock in the economy moving forward.

machinery
BUY
Deere & Co.

She likes agriculture in general. As the US moves more into commercialization of farming, this could be a long-term play for investors.

machinery
PARTIAL BUY
Deere & Co.

They report soon and he doesn't know what the results will be. He likes their technology. He just bought a small position. Even if peers like Caterpillar miss, they come down only slightly.

machinery
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
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Deere & Co.(DE-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 12

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 13

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, 13 stock analysts published opinions about DE-N. 12 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?

13 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 2023-09-22, Deere & Co. (DE-N) stock closed at a price of $380.87.