At the last check on Thursday, Deere & Company’s (NYSE:DE) stock was down -$12.03, moving down -2.99 percent to $390.30. The average number of shares traded per day over the past five days has been 1,462,797 shares. 1 time new highs have been achieved over the past 5 days, with a -$21.37 fall in that time frame. In the last twenty days, the average volume was 1,388,699, while in the previous 50 days, it was 1,454,038.
Since last month, DE stock rose 1.32%. Shares of the company fell to $384.24 on 08/22/23, 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 -8.97% or -$38.45, and marked a new high 10 times. However, the stock has declined by -13.27% since its 52-week high.
DE stock investors should be aware that Deere & Company (DE) stock had its last reported insider trading activity 58 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 11.54. The stock’s beta is 1.08. Besides these, the trailing price-to-sales (P/S) ratio of 1.83, the price-to-book (PB) ratio of 4.92, and the price-to-cash flow ratio of 39.44 may also be considered.
The latest dividend of $1.35 per share was paid out, which is 8.0% more than last year’s $1.25.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 1.65, and the total debt-to-equity ratio was 2.68. On the profitability front, the trailing twelve-month gross margin is 37.40% percent. In the year ended July 30, EBITDA margin amounted to 22.24%, whereas operating margins totaled 24.20%. 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 46.20%.
In Deere & Company’s quarter-end financial report for July 30, it reported total debt of $6.61 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DE’s revenue rose 10.75% to $17.39 billion during the quarter, while net income inched up to $15.8 billion. While analysts expected Deere & Company to report $8.2 quarterly earnings, the actual figure was $10.2 per share, beating the consensus estimate by 24.40%. During the quarter, the company generated $4.76 billion in EBITDA. The liabilities of Deere & Company were 80.35 billion at the end of its most recent quarter ended July 30, and its total debt was $63.04 billion. The value of shareholders’ equity is $288.0 million.
Technical Picture
This quick technical analysis looks at Deere & Company’s (DE) price momentum. With a historical volatility rate of 25.92%, the RSI 9-day stood at 33.86% on 20 September.
With respect to its five-day moving average, the current Deere & Company price is down by -5.19% percent or -$21.37. At present, DE shares trade -1.01% below its 20-day simple moving average and +3.25% percent above its 100-day simple moving average. However, the stock is currently trading approximately -4.26% below its SMA50 and -12.41% below its SMA200.
Stochastic coefficient K was 11.12% and Stochastic coefficient D was 26.74%, while ATR was 9.74. Given the Stochastic reading of 11.44% for the 14-day period, the RSI (14) reading has been calculated as 38.18%. As of today, the MACD Oscillator reading stands at -6.31, while the 14-day reading stands at -9.31.
Analyst Ratings
Deere & Company downgraded its rating on Deere & Company (NYSE: DE) to an In-line in a note to investors on September 19, 2023. The analysts firm previously had an Outperform rating on the stock.Deere & Company (DE) has been rated Overweight by analysts. According to 0 brokerage firms, DE is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Deere & Company stock as buy, with 13 recommending it as overweight.
With a median target price of $452.90, the current consensus forecast for the stock is $380.00 – $530.00. Based on these forecasts, analysts predict Deere & Company (DE) will achieve an average price target of $450.17.
