Deere & Co. (DE) concluded trading on Thursday at a closing price of $364.66, with 4.92 million shares of worth about $1.79 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.98% during that period and on Thursday the price saw a loss of about -5.23%. Currently the company’s common shares owned by public are about 281.58M shares, out of which, 259.83M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 39 times over the past 12 months. They bought 96,486 shares in 18 of the transactions. In 21 selling transactions, insiders dumped 99,661 shares.
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However, the stock later moved at a day high price of 372.00, or with a loss of -5.23%. Stock saw a price change of -5.49% in past 5 days and over the past one month there was a price change of -3.68%. Year-to-date (YTD), DE shares are showing a performance of -8.81% which decreased to -10.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $345.55 but also hit the highest price of $450.00 during that period. The average intraday trading volume for Deere & Co. shares is 1.71 million. The stock is currently trading -6.10% below its 20-day simple moving average (SMA20), while that difference is down -5.65% for SMA50 and it goes to -6.73% lower than SMA200.
Deere & Co. (NYSE: DE) currently have 281.58M outstanding shares and institutions hold larger chunk of about 70.02% of that.
The stock has a current market capitalization of $102.10B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 10.52, while it has posted earnings per share of $34.65 in the same period. It has Quick Ratio of 1.07 while making debt-to-equity ratio of 2.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DE, volatility over the week remained 2.24% while standing at 1.74% over the month.
Analysts are in expectations that Deere & Co. (DE) stock would likely to be making an EPS of $General Electric Company in the current quarter, while forecast for next quarter EPS is $148.37 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $BTIC on Yen Denominated Nikkei which is $Yen Denominated TOPIX Futures,M at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $USD DENOMINATED TOPIX INDEX FUT in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -17.82% while it is estimated to increase by 1.06% in next year. EPS is likely to shrink at an annualized rate of -5.05% for next 5-years, compared to annual growth of 36.77% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on January 08, 2024 offering an Overweight rating for the stock and assigned a target price of $430 to it.
