In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
After finishing at $397.21 in the prior trading day, Deere & Co. (NYSE: DE) closed at $394.62, down -0.65%. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 0.94 million shares were traded. DE stock price reached its highest trading level at $397.76 during the session, while it also had its lowest trading level at $392.37.
Ratios:
Our goal is to gain a better understanding of DE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.66. For the most recent quarter (mrq), Quick Ratio is recorded 0.44 and its Current Ratio is at 0.68. In the meantime, Its Debt-to-Equity ratio is 2.87 whereas as Long-Term Debt/Eq ratio is at 1.81.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Truist on March 14, 2024, initiated with a Buy rating and assigned the stock a target price of $494.
On January 08, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $430.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 02 ’23 when CAMPBELL RYAN D sold 6,073 shares for $379.19 per share. The transaction valued at 2,302,821 led to the insider holds 18,519 shares of the business.
Reed Cory J sold 4,680 shares of DE for $2,104,830 on Jul 25 ’23. The Pres Ag & Turf, Prod & Prec Ag now owns 36,563 shares after completing the transaction at $449.75 per share. On Jun 22 ’23, another insider, May John C II, who serves as the Chairman & CEO of the company, sold 52,967 shares for $416.02 each. As a result, the insider received 22,035,545 and left with 109,126 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DE now has a Market Capitalization of 110566596608 and an Enterprise Value of 170271719424. As of this moment, Deere’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.50, and their Forward P/E ratio for the next fiscal year is 14.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.81 while its Price-to-Book (P/B) ratio in mrq is 4.98. Its current Enterprise Value per Revenue stands at 2.803 whereas that against EBITDA is 10.431.
Stock Price History:
Over the past 52 weeks, DE has reached a high of $450.00, while it has fallen to a 52-week low of $345.55. The 50-Day Moving Average of the stock is 2.14%, while the 200-Day Moving Average is calculated to be 0.73%.
Shares Statistics:
The stock has traded on average 1.55M shares per day over the past 3-months and 1397730 shares per day over the last 10 days, according to various share statistics. A total of 281.58M shares are outstanding, with a floating share count of 258.17M. Insiders hold about 7.25% of the company’s shares, while institutions hold 70.67% stake in the company. Shares short for DE as of 1713139200 were 3426811 with a Short Ratio of 1.93, compared to 1710460800 on 2712944. Therefore, it implies a Short% of Shares Outstanding of 3426811 and a Short% of Float of 1.23000005.
Dividends & Splits
In the trailing 12 months, DE’s forward annual dividend rate was 5.32, compared to 5.54 this year. Against a Trailing Annual Dividend Yield of 0.01339342The stock’s 5-year Average Dividend Yield is 1.35.
