Deere & Co (NYSE:DE) at last check was buoying at $529.26 on current market day with a rise of 2.51% from its closing price on previous day.
Company’s P/E ratio for the trailing 12 months is 25.60. Considering stock’s 52-week price range provides that DE hit a high price of $531.54 and saw its price falling to a low level of $340.20 during that period. Over a period of past 1-month, stock came adding 16.98% in its value.
With its current market valuation of $143.65 billion, Deere & Co is set to declare its quarterly results in June. DE Stock’s Forward Dividend of 6.18 and its yield of 1.17% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of 4.89 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 18.65 for current year with estimates of that growing to 22.6 in next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 10.39B. They suggested that in the process company could generate revenue of as low as 10.09B which could climb up to 10.55B to hit a high. The average estimate is representing a decrease of -8.72% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 38.1B in current fiscal year, which will be -14.87% less from revenue generated by the company last year.
In contrast, when we review DE stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
According to ratings assigned by 18 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 6 of them are recommending Deere & Co (DE) as a Hold, while 12 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the DE stock which is currently positioned at 1.42. It further provides that stock’s current price level is 10.59% away from its 20-day simple moving average and is 12.36% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 74.60 while volatility remained at 2.48% over the past week which changes to 2.55% when measuring it over the past month. Beta is valued at 1.11, while measure of average true range or ATR is currently at 14.55. In predicting price targets of as low as $510 and as high as $583, analysts are in agreement on assigning the stock over the next 12 months average price target of $546.5. Stock’s current price level is 3.64% above from estimated low price target while it is -10.15% below the estimated high; and even if the DE’s share succeeded to reach the median price of $546.5, then the outlook of -3.26% could come to the excitement of the investors.
The percentage of outstanding shares held by the insiders is 7.43% while it is 74.74% for the institutional holders. Addition of 24.91% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
