What Technical Indicators Show About Deere & Company (DE)?


Deere & Company (NYSE:DE) finished Friday with an addition of $0.12 to close at $428.76, an upside of 0.03 percent. An average of 773,260 shares of common stock have been traded in the last five days. There was a fall of -$7.10 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 1,312,370 shares traded, while the 50-day average volume stands at 1,568,766.

DE stock has decreased by -2.78% in the last month. The company shares reached their 1-month lowest point of $421.65 on 12/16/22. With the stock rallying to its 52-week high on 11/23/22, shares of the company touched a low of $283.81 and a high of $448.40 in 52 weeks. It has reached a new high 19 times so far this year and achieved 25.04% or $85.87 in price. In spite of this, the price is down -4.38% from the 52-week high.

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Insider Transactions

DE stock investors should be aware that Deere & Company (DE) stock had its last reported insider trading activity 30 days ago on Dec 01. In this transaction, the insider spent $5,025,217. Sr Advisor, Office of Chairman, Howze Marc A, disposed of 10,910 shares at a price of $442.79 on Nov 29. The insider now owns more than $4,830,881 worth of shares. Prior to that, Pres Ag & Turf, Prod & Prec Ag Reed Cory J went on to Sale 984 shares at $405.11 each on Nov 08. An amount of $398,628 was transacted.

Valuation Metrics

Deere & Company (DE) has a trailing price-to-earnings (P/E) ratio of 18.38. The stock’s beta is 1.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.44, the price-to-book (PB) ratio at 6.36, and the price-to-cash flow ratio at 56.64.

The company has a payout ratio of 18.20%. The company’s most recent quarterly dividend payment was $1.20 a share, representing a up of 6.19% from $1.13 last year. Its latest increase dividend $0.07 reported on Wednesday December 7 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 1.66 and a total debt to equity ratio of 2.56 for the quarter ending July 30. Its gross profit as reported stood at $17.24 billion compared to revenue of $52.58 billion.

Earnings Surprise

For the three-month period that ended July 30, Deere & Company had $719.0 million in cash and short-term investments compared to $4.92 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.88 billion in the quarter, while revenues of $2.1 billion were grew 11.52%. The analyst consensus anticipated Deere & Company’s latest quarter earnings to come in at $6.69 per share, but it turned out to be $6.16, a -7.90% surprise. For the quarter, EBITDA amounted to $3.69 billion. Shareholders own equity worth $298.24 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Deere & Company (DE) price momentum. RSI 9-day as of the close on 30 December was 41.15%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.37%.

As of today, DE’s price is $432.13 -1.63% or -$7.10 from its 5-day moving average. DE is currently trading -2.95% lower than its 20-day SMA and +24.76% higher than its 100-day SMA. However, the stock’s current price level is +15.47% above the SMA50 and +10.45% above the SMA200.

The stochastic %K and %D were 32.95% and 44.15%, respectively, and the average true range (ATR) was 7.53. With the 14-day stochastic at 31.09% and the average true range at 8.08, the RSI (14) stands at 49.10%. The stock has reached -4.83 on the 9-day MACD Oscillator while the 14-day reading was at -5.07.

Analyst Ratings

Evercore ISI upgraded Deere & Company (NYSE: DE) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as an In-line. The consensus rating for Deere & Company (DE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DE, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 14 others rate it as a “buy”.

What is DE’s price target for the next 12 months?

Analysts predict a range of price targets between $342.00 and $582.00, with a median target of $477.50. Taking a look at these predictions, the average price target given by analysts for Deere & Company (DE) stock is $467.00.


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