Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $83.10 on Deere & Company (NYSE:DE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.30 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Deere & Company (NYSE:DE) stands at 16.77.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Deere & Company Common Stock, the PEG ratio for coming 3-5 years is -7.13.
The technical analysis highlights that Deere & Company Common Stock current is trading $2.35 points away or +2.90% from its 50-day moving average of $81.32. Further it is trading $2.01 or +2.46% away its 200-day moving average of $81.66.
The 52-week high of Deere & Company (NYSE:DE) was $88.63 while lowest point recorded in 52-week was $70.16. It implies if stock price makes a movement of over $-4.96, it will record a new 52-week high. In the case of +19.26% drop, it will touch a new 52-week low.
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