The price-to-earnings ratio for Deere & Co. (NYSE: DE) is 13.69x, which is above its average ratio. Moreover, the 36-month beta value for DE is 0.93. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 4 as “overweight,” 14 as “hold,” and 1 as “sell.”
The public float for DE is 253.54M and currently, short sellers hold a 1.99% of that float. On September 19, 2024, DE’s average trading volume was 1.62M shares.
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DE) stock’s latest price update
The stock of Deere & Co. (NYSE: DE) has increased by 0.80 when compared to last closing price of 397.88.Despite this, the company has seen a gain of 3.21% in its stock price over the last five trading days. marketbeat.com reported 2024-09-18 that Like its participants, the market goes through cycles, some of which are predictable on a fundamental and statistical basis. Today, the S&P 500 is experiencing a headwind caused by two factors: historically slow stocks in September and the potential effects of the Federal Reserve (the Fed) cutting interest rates this week.
DE’s Market Performance
Deere & Co. (DE) has seen a 3.21% rise in stock performance for the week, with a 7.55% gain in the past month and a 4.78% surge in the past quarter. The volatility ratio for the week is 1.79%, and the volatility levels for the past 30 days are at 1.94% for DE. The simple moving average for the past 20 days is 4.28% for DE’s stock, with a 5.03% simple moving average for the past 200 days.
Analysts’ Opinion of DE
BMO Capital Markets, on the other hand, stated in their research note that they expect to see DE reach a price target of $400. The rating they have provided for DE stocks is “Market Perform” according to the report published on August 09th, 2024.
Truist gave a rating of “Buy” to DE, setting the target price at $439 in the report published on July 02nd of the current year.
DE Trading at 7.61% 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 -3.93% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares surge +7.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.97% upper at present.
During the last 5 trading sessions, DE rose by +3.21%, which changed the moving average for the period of 200-days by +10.06% in comparison to the 20-day moving average, which settled at $386.04. In addition, Deere & Co. saw 0.30% 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 Reed Cory J, who sale 13,370 shares at the price of $377.63 back on Jun 24 ’24. After this action, Reed Cory J now owns 41,642 shares of Deere & Co., valued at $5,048,913 using the latest closing price.
CAMPBELL RYAN D, the Pres, WWC&F and Pwr Systems of Deere & Co., sale 6,073 shares at $379.19 during a trade that took place back on Oct 02 ’23, which means that CAMPBELL RYAN D is holding 18,519 shares at $2,302,821 based on the most recent closing price.
Stock Fundamentals for DE
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.4 for the gross margin
The net margin for Deere & Co. stands at 0.15. The total capital return value is set at 0.2. Equity return is now at value 35.67, with 7.79 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 0.15. The debt to equity ratio resting at 2.87. The interest coverage ratio of the stock is 4.27.
Currently, EBITDA for the company is 17.48 billion with net debt to EBITDA at 3.7. When we switch over and look at the enterprise to sales, we see a ratio of 3.03. The receivables turnover for the company is 5.72for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.68.
Conclusion
To wrap up, the performance of Deere & Co. (DE) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
