The closing price of Deere & Company (NYSE: DE) was 346.13 for the day, down -1.05% from the previous closing price of $349.81. In other words, the price has decreased by $-3.68 from its previous closing price. On the day, 1001491 shares were traded. DE reached its highest trading level at $354.05 during the session, while it also had its lowest trading level at $345.93.
Our analysis of DE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.94. In the meantime, Its Debt-to-Equity ratio is 2.69 whereas as Long-Term Debt/Eq ratio is at 1.69.
Upgrades & Downgrades
On June 09, 2022, Cowen started tracking the stock assigning a Market Perform rating and target price of $396.Cowen initiated its Market Perform rating on June 09, 2022, with a $396 target price.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 09 when Howze Marc A sold 4,019 shares for $373.22 per share. The transaction valued at 1,499,979 led to the insider holds 17,321 shares of the business.
Stone John H sold 17,145 shares of DE for $74,084,689 on May 26. The President, WW C&F & Pwr Syst now owns 21,087 shares after completing the transaction at $4321.07 per share. On May 26, another insider, Stone John H, who serves as the President, WW C&F & Pwr Syst of the company, sold 6,497 shares for $346.39 each. As a result, the insider received 2,250,511 and left with 21,087 shares of the company.
As of this moment, Deere’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.30, and their Forward P/E ratio for the next fiscal year is 13.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.20 while its Price-to-Book (P/B) ratio in mrq is 5.53.
Stock Price History:
Over the past 52 weeks, DE has reached a high of $446.76, while it has fallen to a 52-week low of $283.81. The 50-Day Moving Average of the stock is 350.36, while the 200-Day Moving Average is calculated to be 363.91.
DE traded an average of 1.51M shares per day over the past three months and 1.24M shares per day over the past ten days. A total of 304.10M shares are outstanding, with a floating share count of 301.29M. Insiders hold about 0.14% of the company’s shares, while institutions hold 71.60% stake in the company. Shares short for DE as of Jul 14, 2022 were 2.8M with a Short Ratio of 2.32, compared to 2.64M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.92% and a Short% of Float of 0.92%.
Dividends & Splits
With its trailing 12-month dividend rate of 3.04, DE has a forward annual dividend rate of 4.52. Against a Trailing Annual Dividend Yield of 0.87%, it implies a Forward Annual Dividend Yield of 1.32%. The stock’s 5-year Average Dividend Yield is 1.51. The current Payout Ratio is 20.10% for DE, which recently paid a dividend on Nov 07, 2022 with an ex-dividend date of Jun 28, 2022. Stock splits for the company last occurred on Dec 03, 2007 when the company split stock in a 2:1 ratio.
The firm’s stock currently is rated by 18 analysts. On average, analysts expect EPS of $6.65 for the current quarter, with a high estimate of $7.1 and a low estimate of $6.27, while EPS last year was $5.32. The consensus estimate for the next quarter is $7.07, with high estimates of $7.37 and low estimates of $6.72.
Analysts are recommending an EPS of between $24 and $22.82 for the fiscal current year, implying an average EPS of $23.35. EPS for the following year is $25.63, with 24 analysts recommending between $29.96 and $20.8.
A total of 15 analysts have provided revenue estimates for DE’s current fiscal year. The highest revenue estimate was $47.52B, while the lowest revenue estimate was $45.98B, resulting in an average revenue estimate of $47B. In the same quarter a year ago, actual revenue was $39.74B, up 18.30% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $51.04B in the next fiscal year. The high estimate is $59.78B and the low estimate is $44.13B. The average revenue growth estimate for next year is up 8.60% from the average revenue estimate for this year.