Which analyst expects Deere & Company (DE) to perform well in the near future?

In the latest session, Deere & Company (NYSE: DE) closed at $391.11 up 0.16% from its previous closing price of $390.48. In other words, the price has increased by $+0.63 from its previous closing price. On the day, 1621824 shares were traded. DE stock price reached its highest trading level at $393.34 during the session, while it also had its lowest trading level at $384.68.

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For a deeper understanding of Deere & Company’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.04. In the meantime, Its Debt-to-Equity ratio is 2.53 whereas as Long-Term Debt/Eq ratio is at 1.64.

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.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 01 when CAMPBELL RYAN D sold 11,429 shares for $439.69 per share. The transaction valued at 5,025,217 led to the insider holds 13,147 shares of the business.

Howze Marc A sold 10,910 shares of DE for $4,830,881 on Nov 29. The Sr Advisor, Office of Chairman now owns 17,321 shares after completing the transaction at $442.79 per share. On Nov 08, another insider, Reed Cory J, who serves as the Pres Ag & Turf, Prod & Prec Ag of the company, sold 984 shares for $405.11 each. As a result, the insider received 398,628 and left with 30,946 shares of the company.

Valuation Measures:

As of this moment, Deere’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.51, and their Forward P/E ratio for the next fiscal year is 12.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.23 while its Price-to-Book (P/B) ratio in mrq is 5.46.

Stock Price History:

Over the past 52 weeks, DE has reached a high of $448.40, while it has fallen to a 52-week low of $283.81. The 50-Day Moving Average of the stock is 418.37, while the 200-Day Moving Average is calculated to be 380.55.

Shares Statistics:

For the past three months, DE has traded an average of 1.46M shares per day and 1.56M over the past ten days. A total of 297.60M shares are outstanding, with a floating share count of 295.70M. Insiders hold about 0.10% of the company’s shares, while institutions hold 78.50% stake in the company. Shares short for DE as of Jan 12, 2023 were 2.68M with a Short Ratio of 2.28M, compared to 3.11M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.90% and a Short% of Float of 0.90%.

Dividends & Splits

According to the company, the forward annual dividend rate for DE is 5.00, from 3.04 in the trailing year. Against a Trailing Annual Dividend Yield of 0.78%, it implies a Forward Annual Dividend Yield of 1.18%. The stock’s 5-year Average Dividend Yield is 1.45. The current Payout Ratio is 16.10% for DE, which recently paid a dividend on May 07, 2023 with an ex-dividend date of Dec 28, 2022. Stock splits for the company last occurred on Dec 03, 2007 when the company split stock in a 2:1 ratio.

Earnings Estimates

There are 21 different market analysts currently analyzing its stock. On average, analysts expect EPS of $5.53 for the current quarter, with a high estimate of $6.14 and a low estimate of $4.72, while EPS last year was $2.92. The consensus estimate for the next quarter is $8.04, with high estimates of $9.59 and low estimates of $7.45.

Analysts are recommending an EPS of between $29.65 and $26.68 for the fiscal current year, implying an average EPS of $28.03. EPS for the following year is $29.66, with 27 analysts recommending between $33 and $25.06.

Revenue Estimates

A total of 14 analysts believe the company’s revenue will be $11.28B this quarter.It ranges from a high estimate of $11.76B to a low estimate of $10.7B. As of the current estimate, Deere & Company’s year-ago sales were $8.53B, an estimated increase of 32.20% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $14.57B, an increase of 21.10% less than the figure of $32.20% in the same quarter last year. There is a high estimate of $15.18B for the next quarter, whereas the lowest estimate is $13.88B.

A total of 15 analysts have provided revenue estimates for DE’s current fiscal year. The highest revenue estimate was $54.2B, while the lowest revenue estimate was $51.63B, resulting in an average revenue estimate of $53.48B. In the same quarter a year ago, actual revenue was $47.92B, up 11.60% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $55.23B in the next fiscal year. The high estimate is $59.67B and the low estimate is $49.9B. The average revenue growth estimate for next year is up 3.30% from the average revenue estimate for this year.