Deere & Company (NYSE:DE) went up by 0.69% from its latest closing price compared to the recent 1-year high of $346.59. The company’s stock price has collected 15.91% of gains in the last five trading sessions. MarketWatch.com reported 7 hours ago that Deere & Co. stock outperforms competitors on strong trading day
Is It Worth Investing in Deere & Company (NYSE :DE) Right Now?
Deere & Company (NYSE:DE) scored a price-to-earnings ratio above its average ratio, recording 40.03 x from its present earnings ratio. Plus, the 36-month beta value for DE is at 0.97. Opinions of the stock are interesting as 14 analysts out of 21 who provided ratings for Deere & Company declared the stock was a “buy,” while 1 rated the stock as “overweight,” 4 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $368.56, which is -$21.74 below the current price. DE currently public float of 314.02M and currently shorts hold a 0.82% ratio of that float. Today, the average trading volume of DE was 1.71M shares.
DE’s Market Performance
DE stocks went up by 15.91% for the week, with a monthly jump of 17.57% and a quarterly performance of 33.29%, while its annual performance rate touched 108.50%. The volatility ratio for the week stands at 3.61% while the volatility levels for the past 30 days are set at 2.69% for Deere & Company. The simple moving average for the period of the last 20 days is 11.72% for DE stocks with a simple moving average of 56.05% for the last 200 days.
Analysts’ Opinion of DE
Oppenheimer, on the other hand, stated in their research note that they expect to see DE reach a price target of $296. The rating they have provided for DE stocks is “Outperform” according to the report published on December 15th, 2020.
Bernstein gave a rating of “Mkt Perform” to DE, setting the target price at $244 in the report published on September 23rd of the previous year.
DE Trading at 18.68% from the 50-Day Moving Average
After a stumble in the market that brought DE to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.42% of gains for the given period.
Volatility was left at 2.69%, however, over the last 30 days, the volatility rate increased by 3.61%, as shares surge +23.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.07% upper at present.
During the last 5 trading sessions, DE rose by +15.91%, which changed the moving average for the period of 200-days by +158.01% in comparison to the 20-day moving average, which settled at $314.88. In addition, Deere & Company saw 29.36% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at DE starting from Howze Marc A, who sale 6,188 shares at the price of $319.00 back on Feb 16. After this action, Howze Marc A now owns 18,245 shares of Deere & Company, valued at $1,973,972 using the latest closing price.
Howze Marc A, the Group Pres., Life Sol & CAO of Deere & Company, sale 8,585 shares at $299.00 during a trade that took place back on Jan 07, which means that Howze Marc A is holding 21,301 shares at $2,566,915 based on the most recent closing price.
Stock Fundamentals for DE
Current profitability levels for the company are sitting at:
- +14.24 for the present operating margin
- +28.64 for the gross margin
The net margin for Deere & Company stands at +7.74. The total capital return value is set at 8.70, while invested capital returns managed to touch 6.30. Equity return is now at value 21.90, with 3.60 for asset returns.
Based on Deere & Company (DE), the company’s capital structure generated 360.21 points at debt to equity in total, while total debt to capital is 78.27. Total debt to assets is 62.06, with long-term debt to equity ratio resting at 253.03. Finally, the long-term debt to capital ratio is 54.98.
When we switch over and look at the enterprise to sales, we see a ratio of 3.11, with the company’s debt to enterprise value settled at 0.42. The receivables turnover for the company is 5.83 and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.