Are we looking at the next big move in Deere & Co. (DE)?

Deere & Co. (NYSE: DE) is -7.45% lower on its value in year-to-date trading and has touched a low of $345.55 and a high of $450.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DE stock was last observed hovering at around $393.34 in the last trading session, with the day’s gains setting it 3.48% off its average median price target of $420.00 for the next 12 months. It is also 19.51% off the consensus price target high of $493.00 offered by 26 analysts, but current levels are -5.82% lower than the price target low of $375.00 for the same period.

Currently trading at $396.82, the stock is 6.68% and 6.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 0.88% at the moment leaves the stock 1.48% off its SMA200. DE registered -10.15% loss for a year compared to 6-month loss of -3.26%. The firm has a 50-day simple moving average (SMA 50) of $2.76 and a 200-day simple moving average (SMA200) of $9.53.

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The stock witnessed a 7.03% gain in the last 1 month and extending the period to 3 months gives it a 3.23%, and is 2.78% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.83% over the week and 1.99% over the month.

Deere & Co. (DE) has around 83000 employees, a market worth around $111.21B and $61.25B in sales. Current P/E ratio is 11.45 and Fwd P/E is 13.66. Profit margin for the company is 16.60%. Distance from 52-week low is 14.84% and -11.82% from its 52-week high. The company has generated returns on investments over the last 12 months (16.87%).

Deere & Co. (DE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Deere & Co. (DE) is a “Overweight”. 26 analysts offering their recommendations for the stock have an average rating of 1.96, where 11 rate it as a Hold and 3 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Deere & Co. is expected to release its quarterly report on 02/16/2024.The EPS is expected to shrink by -17.30% this year.

Deere & Co. (DE) Top Institutional Holders

The shares outstanding are 281.58M, and float is at 260.57M with Short Float at 0.98%.

Deere & Co. (DE) Insider Activity

A total of 6 insider transactions have happened at Deere & Co. (DE) in the last six months, with sales accounting for 3 and purchases happening 3 times. The most recent transaction is an insider sale by CAMPBELL RYAN D,the company’sPres, WWC&F and Pwr Systems. SEC filings show that CAMPBELL RYAN D sold 6,073 shares of the company’s common stock on Oct 02 at a price of $379.19 per share for a total of $2.3 million. Following the sale, the insider now owns 18519.0 shares.

Deere & Co. disclosed in a document filed with the SEC on Jul 25 that Reed Cory J (Pres Ag & Turf, Prod & Prec Ag) sold a total of 4,680 shares of the company’s common stock. The trade occurred on Jul 25 and was made at $449.75 per share for $2.1 million. Following the transaction, the insider now directly holds 36563.0 shares of the DE stock.

Still, SEC filings show that on Jun 22, May John C II (Chairman & CEO) disposed off 52,967 shares at an average price of $416.02 for $22.04 million. The insider now directly holds 109,126 shares of Deere & Co. (DE).

Deere & Co. (DE): Who are the competitors?

The company’s main competitors (and peers) include Caterpillar Inc. (CAT) that is trading 21.05% up over the past 12 months. CNH Industrial N.V. (CNHI) that is -25.82% lower over the same period.