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Deere (DE)
NYSE:DE
Deere (DE) Stock Price & Analysis
4,232 Followers
DE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$340.76 - $445.13
Previous Close$414.02
Volume852.20K
Average Volume (3M)1.43M
Market Cap
$111.75B
Enterprise Value$132.31B
Total Cash (Recent Filing)$6.27B
Total Debt (Recent Filing)$23.23B
Price to Earnings (P/E)12.1
Beta1.08
Next Earnings
May 16, 2024EPS Estimate
$7.86Last Dividend Ex-Date
Mar 27, 2024Dividend Yield1.34%
Share Statistics
EPS (TTM)34.33
Shares Outstanding278,358,210
10 Day Avg. Volume1,354,268
30 Day Avg. Volume1,432,359
Standard Deviation0.09
R-Squared0.38
Alpha0.00863
Financial Highlights & Ratios
Price to Book (P/B)6.68
Price to Sales (P/S)9.43
Price to Cash Flow (P/CF)-31.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.22
Enterprise Value/Gross Profit2.16
Enterprise Value/Ebitda11.23
Forecast
1Y Price Target
$422.00Price Target Upside5.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
Deere News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAnalyst forecasts suggest that Deere's financial results could exceed expectations, with a projected earnings per share beat, underlining the company's strong performance.
Product InnovationDeere's introduction of autonomy-ready tractors and AI-enabled weeding technology showcases the company's commitment to innovation and positions it well for future growth in agricultural efficiency.
Sustainability And EfficiencyThe See & Spray Premium technology has the potential to revolutionize farming practices by reducing herbicide usage by over 50%, demonstrating Deere's dedication to sustainability and cost savings for farmers.
Bears Say
Company GuidanceThe company cut its net income guidance significantly, which may reduce investor confidence and pressure the stock price.
Financial PerformanceDelinquencies increased to 1.41% of receivables, indicating potential credit risk concerns for the company's financial health.
Market ExpectationsAnalyst's recommendation includes a lowered price target for the stock based on adjusted earnings per share estimates, suggesting a weaker outlook for the stock's value.
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Ownership Overview
11.58% Insiders
20.38% Mutual Funds
36.49% Other Institutional Investors
31.55% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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DE FAQ
What was Deere’s price range in the past 12 months?
Deere lowest stock price was $340.75 and its highest was $445.13 in the past 12 months.
What is Deere’s market cap?
Currently, no data Available
When is Deere’s upcoming earnings report date?
Deere’s upcoming earnings report date is May 16, 2024 which is today.
How were Deere’s earnings last quarter?
Deere released its earnings results on Feb 15, 2024. The company reported $6.23 earnings per share for the quarter, beating the consensus estimate of $5.236 by $0.994.
Is Deere overvalued?
According to Wall Street analysts Deere’s price is currently Undervalued.
Does Deere pay dividends?
Deere pays a Quarterly dividend of $1.47 which represents an annual dividend yield of 1.34%. See more information on Deere dividends here
What is Deere’s EPS estimate?
Deere’s EPS estimate is $7.86.
How many shares outstanding does Deere have?
Deere has 278,358,220 shares outstanding.
What happened to Deere’s price movement after its last earnings report?
Deere reported an EPS of $6.23 in its last earnings report, beating expectations of $5.236. Following the earnings report the stock price went down -5.23%.
Which hedge fund is a major shareholder of Deere?
Among the largest hedge funds holding Deere’s share is Bill & Melinda Gates Foundation Trust. It holds Deere’s shares valued at 1B.
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Deere Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$422.00 (5.12% Upside)
$422.00 (5.12% Upside)
Blogger Sentiment
Bullish
DE Sentiment 80%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 247.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.7%
Last 30 Days ▼ 0.5%
Last 30 Days ▼ 0.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
13.40%
12-Months-Change
Fundamentals
Return on Equity
45.88%
Trailing 12-Months
Asset Growth
10.64%
Trailing 12-Months
Company Description
Deere
Founded in 1837, Illinois-based Deere & Co. manufactures and distributes various equipment that is used in agriculture, construction, forestry, and turf care. The company operates through three business segments: Agriculture and Turf, Construction and Forestry, and Financial Services.
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DE Company Deck
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DE Earnings Call
Q1 2024
0:00 / 0:00
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DE Revenue Breakdown
43.18% Production agriculture
16.53% Small agriculture
11.17% Construction
8.32% Financial products
20.80% Other
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DE Stock 12 Month Forecast
Average Price Target
$422.00
▲(5.12% Upside)
Technical Analysis
Best Analysts Covering DE
1 Year
1 Year Success Rate
39/51 ratings generated profit
1 Year Average Return
+26.30%
initiated a buy rating 2 months ago
Copying Jamie Cook's trades and holding each position for 1 Year would result in 76.47% of your transactions generating a profit, with an average return of +26.30% per trade.
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