The stock of Deere & Company (NYSE:DE) increased by $8.48 on Tuesday to at $403.17, up 2.15 percent. The last five days have seen an average of 1,169,426 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$26.81. The average number of shares traded over the last 20 days was 1,514,932, while the average volume over the last 50 days totaled 1,448,897.
DE stock dropped -6.15% since last month. On 08/22/23, the company’s shares reached a one-month low of $384.24. The stock touched a high of $450.00 on 07/25/23, after rallying from a low of $328.62 in 52 weeks. The price of DE stock has declined by -5.97% or -$26.81 this year, reaching a new high 10 times. Still, the stock price is down -10.41% 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 35 days ago on Jul 25. On Jul 25, Pres Ag & Turf, Prod & Prec Ag Reed Cory J sold 4,680 shares at $449.75 each. This transaction resulted in the insider making $2,104,830. On Jun 22, May John C II sold 52,967 shares at a price of US$416.02. After the transaction, the insider now owns 109,126 shares. Pres Ag & Turf, Sml Ag & Turf von Pentz Markwart had earlier sold 27,933 shares on Jun 07 for $381.59 a share. The transaction was completed for $10,659,039.
Valuation Metrics
Deere & Company (DE) has a trailing price-to-earnings (P/E) ratio of 11.92. Beta for the stock is 1.09. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.91, the price-to-book (PB) ratio of 5.31, and the price-to-cash flow ratio of 58.86.
Company paid $1.25 per share in dividends, remained unchanged from $1.25 last year. A $0.05 dividend increase was reported on Wednesday February 22 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending July 30 is 1.59, and the total debt to equity ratio is 2.59. As far as profitability goes, gross margin for the trailing twelve months is 37.40% percent. Deere & Company’s EBITDA margin for the year ended July 30 was 22.24%, whereas its operating margin stood at 18.70% for the same period. Based on annual data, it had gross profit of $17.24 billion and revenue of $52.58 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DE’s return on assets (ROA) during the last 12 months has been 8.90%. There was a 11.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 39.40%.
Earnings Surprise
According to Deere & Company’s quarterly financial report for the quarter that ended July 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $17.39 billion, while revenues rose by 23.1% to $12.65 billion. It was predicted that Deere & Company’s quarterly earnings would be $10.2, but it ended up being $8.2, beating the consensus by 24.40%. EBITDA was $4.92 billion for the quarter. At the end of Deere & Company’s most recent quarter ended July 30, its liabilities totaled 75.95 billion, while its total debt was $61.86 billion. Equity owned by shareholders amounts to $293.19 million.
Technical Picture
Here’s a quick look at Deere & Company’s (DE) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 44.88%, suggesting the stock is Neutral, with a 35.90% historical volatility rate.
The stochastic %K and %D were 19.87% and 13.85% respectively, while the average true range (ATR) was 9.03. Based on the 14-day stochastic reading of 30.94%, the RSI (14) reading is 43.99%. On the 9-day MACD Oscillator, the stock is at 0.07, and the 14-day reading is at -13.16.
Analyst Ratings
In a note to investors, Stifel maintained its a Buy rating on Deere & Company (NYSE: DE). However, the firm raised their price target to $460, indicating a possible increase of 18.22% in the stock price. Analysts have assigned Deere & Company (DE) an Overweight rating. DE is a stock that is recommended for selling by 0 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 14 others recommend it as a buy.
What is DE’s price target for the next 12 months?
The current consensus forecast for the stock is between $380.00 and $551.00, with a median target price of $455.50. In analyzing these forecasts, the average price target given by analysts for Deere & Company (DE) is $452.95.
