Deere & Company (NYSE:DE) went down by -2.31% from its latest closing price compared to the recent 1-year high of $400.34. The company’s stock price has collected -4.87% of loss in the last five trading sessions. Press Release reported on 06/08/21 that (PR) John Deere Brings the Farm Home with New Minecraft World
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 23.53 x from its present earnings ratio. Plus, the 36-month beta value for DE is at 1.05. Opinions of the stock are interesting as 14 analysts out of 24 who provided ratings for Deere & Company declared the stock was a “buy,” while 2 rated the stock as “overweight,” 6 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $414.85, which is $69.45 above the current price. DE currently public float of 310.04M and currently shorts hold a 1.00% ratio of that float. Today, the average trading volume of DE was 1.66M shares.
DE’s Market Performance
DE stocks went down by -4.87% for the week, with a monthly drop of -10.90% and a quarterly performance of -6.32%, while its annual performance rate touched 112.07%. The volatility ratio for the week stands at 2.31% while the volatility levels for the past 30 days are set at 2.55% for Deere & Company. The simple moving average for the period of the last 20 days is -5.96% for DE stocks with a simple moving average of 14.60% for the last 200 days.
Analysts’ Opinion of DE
Many brokerage firms have already submitted their reports for DE stocks, with BMO Capital Markets repeating the rating for DE by listing it as a “Market Perform.” The predicted price for DE in the upcoming period, according to BMO Capital Markets is $400 based on the research report published on May 13th of the current year 2021.
Wolfe Research, on the other hand, stated in their research note that they expect to see DE reach a price target of $425. The rating they have provided for DE stocks is “Outperform” according to the report published on April 13th, 2021.
DE Trading at -8.28% 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 unable to rebound, for now settling with -14.71% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares sank -8.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.69% lower at present.
During the last 5 trading sessions, DE fell by -4.87%, which changed the moving average for the period of 200-days by +66.23% in comparison to the 20-day moving average, which settled at $361.48. In addition, Deere & Company saw 26.91% 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 Erwin Tami A., who purchase 275 shares at the price of $359.61 back on Jun 02. After this action, Erwin Tami A. now owns 275 shares of Deere & Company, valued at $98,893 using the latest closing price.
May John C II, the CEO & President of Deere & Company, sale 39,336 shares at $359.07 during a trade that took place back on Jun 02, which means that May John C II is holding 73,873 shares at $14,124,258 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 33.30, with 6.00 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.