John Deere Invests $70M in North Carolina Excavator Factory
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 8h ago
0mins
Source: seekingalpha
- Factory Investment: John Deere announced a $70 million investment in a North Carolina excavator factory, which will be the only excavator manufactured entirely in the U.S., expected to enhance the company's competitiveness in the domestic market.
- Economic Growth Commitment: At a rally in Iowa, Trump reiterated his commitment to the U.S. economy, claiming $18 trillion in investment commitments, which exceeds half of the current $31.8 trillion GDP, reflecting confidence in economic recovery.
- Fuel Policy Impact: Trump mentioned working on a deal for higher ethanol E15 gasoline blends, which is crucial for Iowa corn farmers, potentially boosting their income and promoting agricultural development.
- Household Economic Improvement: The Trump administration reported that Iowa's average gas price has dropped to $2.56 per gallon, with families saving an average of $3,139 in taxes, and the median home price down 3.5% from last year, indicating an improvement in household economic conditions.
Analyst Views on DE
Wall Street analysts forecast DE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DE is 514.25 USD with a low forecast of 458.00 USD and a high forecast of 560.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 516.540
Low
458.00
Averages
514.25
High
560.00
Current: 516.540
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.
