Deere & Co. (NYSE: DE)’s stock price has gone rise by 0.49 in comparison to its previous close of 406.65, however, the company has experienced a -0.18% decrease in its stock price over the last five trading days. zacks.com reported 2024-10-23 that Deere (DE) reachead $408.64 at the closing of the latest trading day, reflecting a +0.49% change compared to its last close.
Is It Worth Investing in Deere & Co. (NYSE: DE) Right Now?
The price-to-earnings ratio for Deere & Co. (NYSE: DE) is above average at 13.94x. The 36-month beta value for DE is also noteworthy at 0.93. 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.”
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The public float for DE is 253.40M, and at present, short sellers hold a 2.18% of that float. The average trading volume of DE on October 24, 2024 was 1.37M shares.
DE’s Market Performance
DE’s stock has seen a -0.18% decrease for the week, with a -0.55% drop in the past month and a 7.06% gain in the past quarter. The volatility ratio for the week is 1.72%, and the volatility levels for the past 30 days are at 1.64% for Deere & Co.. The simple moving average for the past 20 days is -0.09% for DE’s stock, with a 6.09% 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 3.24% 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 -2.81% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares surge +0.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.56% upper at present.
During the last 5 trading sessions, DE fell by -0.18%, which changed the moving average for the period of 200-days by +2.68% in comparison to the 20-day moving average, which settled at $409.02. In addition, Deere & Co. saw 2.19% 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.
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 3.07. 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
In summary, Deere & Co. (DE) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
