At the last check on Thursday, Deere & Company’s (NYSE:DE) stock was down -$2.43, moving down -0.57 percent to $421.51. The average number of shares traded per day over the past five days has been 1,374,947 shares. 2 times new highs have been achieved over the past 5 days, with a -$12.14 fall in that time frame. In the last twenty days, the average volume was 1,294,117, while in the previous 50 days, it was 1,416,301.
Since last month, DE stock retreated -3.36%. Shares of the company fell to $415.77 on 08/17/23, the lowest level in the past month. A 52-week high of $450.00 was reached on 07/25/23 after having rallying from a 52-week low of $328.62. Since the beginning of this year, DE’s stock price has dropped by -1.69% or -$6.33, and marked a new high 10 times. However, the stock has declined by -6.33% since its 52-week high.
DE stock investors should be aware that Deere & Company (DE) stock had its last reported insider trading activity 23 days ago on Jul 25. Reed Cory J, the Pres Ag & Turf, Prod & Prec Ag of the company, disposed of 4,680 shares for $449.75 on Jul 25. It resulted in a $2,104,830 divestment by the insider. May John C II sold 52,967 shares at an average price of $416.02 on Jun 22. The insider now owns 109,126 shares following the transaction. On Jun 07, Pres Ag & Turf, Sml Ag & Turf von Pentz Markwart sold 27,933 shares at $381.59 apiece. The transaction was valued at $10,659,039.
Valuation Metrics
Right now, Deere & Company (DE) has a P/E ratio of about 14.15. The stock’s beta is 1.07. Besides these, the trailing price-to-sales (P/S) ratio of 2.07, the price-to-book (PB) ratio of 5.55, and the price-to-cash flow ratio of 59.84 may also be considered.
The latest dividend of $1.25 per share was paid out, remained unchanged from last year’s $1.25. On Wednesday February 22 2023, a $0.05 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 1.59, and the total debt-to-equity ratio was 2.59. On the profitability front, the trailing twelve-month gross margin is 35.80% percent. In the year ended April 29, EBITDA margin amounted to 22.24%, whereas operating margins totaled 22.60%. Based on annual data, DE earned $17.24 billion in gross profit and brought in $52.58 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.00%. Return on equity (ROE) for the past 12 months was 43.10%.
In Deere & Company’s quarter-end financial report for April 29, it reported total debt of $5.38 billion against cash and short-term investments of $856.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DE’s revenue rose 44.96% to $12.65 billion during the quarter, while net income inched up to $17.39 billion. While analysts expected Deere & Company to report $8.59 quarterly earnings, the actual figure was $9.65 per share, beating the consensus estimate by 12.30%. During the quarter, the company generated $4.92 billion in EBITDA. The liabilities of Deere & Company were 75.95 billion at the end of its most recent quarter ended April 29, and its total debt was $59.11 billion. The value of shareholders’ equity is $293.19 million.
Technical Picture
This quick technical analysis looks at Deere & Company’s (DE) price momentum. With a historical volatility rate of 17.03%, the RSI 9-day stood at 39.27% on 16 August.
With respect to its five-day moving average, the current Deere & Company price is down by -2.79% percent or -$12.14. At present, DE shares trade -3.91% below its 20-day simple moving average and +9.30% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.04% above its SMA50 and +6.45% above its SMA200.
Stochastic coefficient K was 30.30% and Stochastic coefficient D was 42.70%, while ATR was 8.17. Given the Stochastic reading of 25.92% for the 14-day period, the RSI (14) reading has been calculated as 46.65%. As of today, the MACD Oscillator reading stands at -5.45, while the 14-day reading stands at -4.32.
Analyst Ratings
Canaccord Genuity launched its rating on Deere & Company (NYSE: DE) to a Buy in a note to investors on June 28, 2023. Deere & Company (DE) has been rated Overweight by analysts. According to 0 brokerage firms, DE is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Deere & Company stock as buy, with 14 recommending it as overweight.
With a median target price of $461.00, the current consensus forecast for the stock is $383.00 – $560.00. Based on these forecasts, analysts predict Deere & Company (DE) will achieve an average price target of $456.32.
