Deere & Company Stock Shows Strong Performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy DE?
Source: Yahoo Finance
- Stock Performance: Deere & Company (NYSE:DE) shares have risen 28% over the past year and 31% year-to-date, indicating strong market confidence in its future growth despite economic uncertainties.
- Analyst Ratings: Jefferies raised Deere's price target from $440 to $475 in December while maintaining a Hold rating, highlighting the firm's growth strategy reliant on services, reflecting recognition of its long-term growth potential.
- Financial Results: In its February 13 earnings report, Deere reported a profit of $869 million, a 50% year-over-year decline, with net income and revenue down 30%, showcasing the challenges the company faces amid tariff pressures.
- Market Commentary: Despite the poor financial data, Jim Cramer praised Deere's quarterly performance before the earnings release, indicating market confidence in its future potential, although he believes some AI stocks may offer more attractive investment opportunities.
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Analyst Views on DE
Wall Street analysts forecast DE stock price to fall
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 602.920
Low
458.00
Averages
514.25
High
560.00
Current: 602.920
Low
458.00
Averages
514.25
High
560.00
About DE
Deere & Company is engaged in the delivery of agricultural, construction and forestry equipment. Its segments include production and precision agriculture (PPA), small agriculture and turf (SAT), construction and forestry (CF), and financial services (FS). PPA segment defines, develops and delivers global equipment and technology solutions for production-scale growers of large grains, small grains, cotton and sugarcane. SAT segment defines, develops and delivers global equipment and technology solutions for dairy and livestock producers, high-value and small acreage crop producers, and turf and utility customers. CF segment defines, develops and delivers a range of machines and technology solutions organized along the earthmoving, forestry and roadbuilding production systems. FS segment finances sales and leases by John Deere dealers of new and used production and precision agriculture equipment and others. Its products include John Deere Autonomous 8R Tractor and E-Power Backhoe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Deere & Company Stock Shows Strong Performance
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- Analyst Ratings: Jefferies raised Deere's price target from $440 to $475 in December while maintaining a Hold rating, highlighting the firm's growth strategy reliant on services, reflecting recognition of its long-term growth potential.
- Financial Results: In its February 13 earnings report, Deere reported a profit of $869 million, a 50% year-over-year decline, with net income and revenue down 30%, showcasing the challenges the company faces amid tariff pressures.
- Market Commentary: Despite the poor financial data, Jim Cramer praised Deere's quarterly performance before the earnings release, indicating market confidence in its future potential, although he believes some AI stocks may offer more attractive investment opportunities.
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- Portfolio Strategy: Gardner stresses that investors should adopt an incremental strategy, focusing on cash inflows into the market to avoid significant losses during market volatility, particularly for those nearing retirement who need to manage their assets cautiously.
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Company Overview: CNH Industrial is a manufacturer of construction and farming equipment.
Stock Performance: The company's shares have been performing well recently but saw a decline early on Tuesday.
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Market Reaction: Despite the positive earnings report, the stock price was lower at the start of the trading day.
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- Economic Indicators: This downturn occurred despite a better-than-expected jobs report from the Bureau of Labor Statistics and a relatively stable inflation report.
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Deere & Company Stock Shows Strong Performance
- Stock Performance: Deere & Company (NYSE:DE) shares have risen 28% over the past year and 31% year-to-date, indicating strong market confidence in its future growth despite economic uncertainties.
- Analyst Ratings: Jefferies raised Deere's price target from $440 to $475 in December while maintaining a Hold rating, highlighting the firm's growth strategy reliant on services, reflecting recognition of its long-term growth potential.
- Financial Results: In its February 13 earnings report, Deere reported a profit of $869 million, a 50% year-over-year decline, with net income and revenue down 30%, showcasing the challenges the company faces amid tariff pressures.
- Market Commentary: Despite the poor financial data, Jim Cramer praised Deere's quarterly performance before the earnings release, indicating market confidence in its future potential, although he believes some AI stocks may offer more attractive investment opportunities.
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