Stock To Watch: Deere & Company (NYSE:DE)


The leading market experts have placed a mean price target of $77.89 on Deere & Company (NYSE:DE) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.64 a share for the upcoming quarter and $3.87 for the current fiscal.

Technical View

The technical analysis of Deere & Company Common Stock plainly substantiates that the 50-day moving average of Deere & Company Common Stock is $79.87, and stock is trading $7.45 points away or +9.32% from its 50-day moving average of $79.87. Further it is trading $6.37 or +7.87% away its 200-day moving average of $80.95. Deere & Company (NYSE:DE) 52-week high is $88.20 and the 52-week low is $70.16.

This explains if the stock moves $-0.88, it will post a 52-week high. In event of +24.46% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Deere & Company Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Deere & Company (NYSE:DE) ratio came in at 17.52.

The stock last ended the trading session at $87.32 and registered a market cap of $27.44B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Deere & Company (NYSE:DE) PEG ratio is at 22.10.

1 Chart Pattern Every Investor Should Know

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