The Deere & Company (NYSE:DE) is going down by -0.47% in today’s trading session, a fall equivalent to -0.75% of the stock’s price from yesterday’s market close. A news came out 23 hours ago stating that Deere and Agco Stocks Are Likely to Be Volatile Because Wall Street Can’t Make Up Its Mind by BARRONS. The lowest point that the shares touched during the trading session was $160.6227, while the peak of the day was recorded at a share price of $163.125. DE finished the previous session at $160.81 according to the data provided by Barchart, while the trading volume was observed to be $1,127,279.
In the 100 days of trading, DE managed to top a 157.62% Moving average. Additionally, Deere & Company shares have achieved a 52-week range between 128.32 and 169.99 alongside 100 days raw stochastic set at 73.06%.
The number of shares outstanding, according to the fundamentals of the company, is set at 317.90M, equal to the value of $51.12B in market capitalization. Financial analysts indicate that DE shares should be still ranked as a “Outperform”. In the last 30 days, Deere & Company shares went down by -5.29%, adding 168.87 to growth in value, on top of a +8.28% boost since 06/11/19.
Deere & Company (NYSE:DE) Analyst’s Estimates
Deere & Company (DE) could record at least $2.88 per share in quarterly earnings in the upcoming report on 08/16/2019, a number that would actually represent an increase of 13.25% YOY.
According to the average analyst rating, Deere & Company would be rated as 2.22. Out of 23 different analysts monitoring DE stock, 6 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 7 indicate that DE is an OUTPERFORM, 0 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERPERFORM.
On Jul-10-19, the stock earned a Downgrade rating due to a new analyst call from UBS, while analysts from Jefferies believe that the stock is set at Buy from Hold, as concluded on Jun-24-19. Robert W. Baird, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on Jun-17-19.
JP Morgan, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on May-14-19, giving the stock a Underweight from the Neutral rating.
DE Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +27.38% has been attained, while the operating margin has been recorded at +13.77%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 3.49%. Beta value of the stock is recorded at 1.12. Additionally, Deere & Company is recording price volatility of 1.63% for the period of the last seven days and 1.71% in the last 30 days.
Deere & Company (NYSE:DE) Technical Outlook
For the period of the last 50 days, Deere & Company had its Raw Stochastic average set at 75.32% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 55.06%. Stochastic %K for Deere & Company, with the last 20 days included, was set at 63.63%, having Stochastic %D topping 69.90%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Deere & Company stocks with recording 11.35% in metrics.
Deere & Company Insider Watch:
As far as the position of shares issued by Deere & Company (NYSE:DE) for the period concluded at the market close of 07/10/19, 466 institutional investors increased their positions in DE shares by 14,963,023, 569 decreased positions by 12,813,194 and 254 institutional investors decided to hold positions at 191,987,751. These numbers put the complete list of institutional holdings set at 219,763,968 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 104 institutional investments with 1,001,688 new shares in addition to having 93 institutional investors selling their positions in 2,811,299 shares.