The stock price of Deere & Co. (NYSE: DE) has surged by 0.12 when compared to previous closing price of 411.48, but the company has seen a 1.46% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-08 that Data from the agriculture industry helped to improve investor outlook for Deere’s demand, which had weakened in recent quarters. Capital market data also shows investors favoring value stocks and dividend yield during March, which created demand for Deere stock.
Is It Worth Investing in Deere & Co. (NYSE: DE) Right Now?
Deere & Co. (NYSE: DE) has a price-to-earnings ratio of 12.00x that is above its average ratio. Additionally, the 36-month beta value for DE is 1.05. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 14 rating it as “hold,” and 1 rating it as “sell.”
The public float for DE is 258.17M and currently, short sellers hold a 1.16% ratio of that float. The average trading volume of DE on April 11, 2024 was 1.52M shares.
DE’s Market Performance
The stock of Deere & Co. (DE) has seen a 1.46% increase in the past week, with a 9.84% rise in the past month, and a 4.77% gain in the past quarter. The volatility ratio for the week is 1.66%, and the volatility levels for the past 30 days are at 1.59% for DE. The simple moving average for the last 20 days is 3.58% for DE stock, with a simple moving average of 5.09% for the last 200 days.
Analysts’ Opinion of DE
Many brokerage firms have already submitted their reports for DE stocks, with Truist repeating the rating for DE by listing it as a “Buy.” The predicted price for DE in the upcoming period, according to Truist is $494 based on the research report published on March 14, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see DE reach a price target of $430. The rating they have provided for DE stocks is “Overweight” according to the report published on January 08th, 2024.
DE Trading at 7.19% 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 -8.45% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.66%, as shares surge +10.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.59% upper at present.
During the last 5 trading sessions, DE rose by +1.46%, which changed the moving average for the period of 200-days by +1.86% in comparison to the 20-day moving average, which settled at $399.71. In addition, Deere & Co. saw 3.03% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DE starting from CAMPBELL RYAN D, who sale 6,073 shares at the price of $379.19 back on Oct 02 ’23. After this action, CAMPBELL RYAN D now owns 18,519 shares of Deere & Co., valued at $2,302,821 using the latest closing price.
Reed Cory J, the Pres Ag & Turf, Prod & Prec Ag of Deere & Co., sale 4,680 shares at $449.75 during a trade that took place back on Jul 25 ’23, which means that Reed Cory J is holding 36,563 shares at $2,104,830 based on the most recent closing price.
Stock Fundamentals for DE
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.39 for the gross margin
The net margin for Deere & Co. stands at 0.17. The total capital return value is set at 0.24. Equity return is now at value 45.88, with 10.32 for asset returns.
Based on Deere & Co. (DE), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 2.86. The interest coverage ratio of the stock is 5.59.
Currently, EBITDA for the company is 17.48 billion with net debt to EBITDA at 3.31. When we switch over and look at the enterprise to sales, we see a ratio of 2.87. The receivables turnover for the company is 6.14for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.68.
Conclusion
In conclusion, Deere & Co. (DE) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
