Deere & Company (NYSE:DE) went down by -6.42% from its latest closing price compared to the recent 1-year high of $446.76. The company’s stock price has collected -10.00% of loss in the last five trading sessions. The Wall Street Journal reported on 05/20/22 that Deere’s Rising Costs Put Pressure on Equipment Profits
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 15.52 x from its present earnings ratio. Plus, the 36-month beta value for DE is at 1.03. Opinions of the stock are interesting as 12 analysts out of 25 who provided ratings for Deere & Company declared the stock was a “buy,” while 3 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $413.05, which is $115.08 above the current price. DE currently public float of 305.20M and currently shorts hold a 0.81% ratio of that float. Today, the average trading volume of DE was 1.84M shares.
DE’s Market Performance
DE stocks went down by -10.00% for the week, with a monthly drop of -11.29% and a quarterly performance of -31.06%, while its annual performance rate touched -14.45%. The volatility ratio for the week stands at 3.61% while the volatility levels for the past 30 days are set at 2.92% for Deere & Company. The simple moving average for the period of the last 20 days is -13.21% for DE stocks with a simple moving average of -18.91% for the last 200 days.
Analysts’ Opinion of DE
Many brokerage firms have already submitted their reports for DE stocks, with Cowen repeating the rating for DE by listing it as a “Market Perform.” The predicted price for DE in the upcoming period, according to Cowen is $396 based on the research report published on June 09th of the current year 2022.
BofA Securities, on the other hand, stated in their research note that they expect to see DE reach a price target of $450, previously predicting the price at $475. The rating they have provided for DE stocks is “Neutral” according to the report published on April 25th, 2022.
JP Morgan gave a rating of “Neutral” to DE, setting the target price at $440 in the report published on March 28th of the current year.
DE Trading at -19.62% 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 -33.41% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 3.61%, as shares sank -11.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.91% lower at present.
During the last 5 trading sessions, DE fell by -10.00%, which changed the moving average for the period of 200-days by -19.97% in comparison to the 20-day moving average, which settled at $340.83. In addition, Deere & Company saw -13.23% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at DE starting from Stone John H, who sale 17,145 shares at the price of $4321.07 back on May 26. After this action, Stone John H now owns 21,087 shares of Deere & Company, valued at $74,084,689 using the latest closing price.
Stone John H, the President, WW C&F & Pwr Syst of Deere & Company, sale 6,497 shares at $346.39 during a trade that took place back on May 26, which means that Stone John H is holding 21,087 shares at $2,250,511 based on the most recent closing price.
Stock Fundamentals for DE
Current profitability levels for the company are sitting at:
- +20.36 for the present operating margin
- +31.67 for the gross margin
The net margin for Deere & Company stands at +13.56. Equity return is now at value 33.60, with 7.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.