During the recent session, Deere & Company (NYSE:DE)’s traded shares were 0.99 million, with the beta value of the company hitting 1.12. At the last check today, the stock’s price was $329.88, reflecting an intraday gain of 0.27% or $0.88. The 52-week high for the DE share is $400.34, that puts it down -21.36 from that peak though still a striking 32.78% gain since the share price plummeted to a 52-week low of $221.73. The company’s market capitalization is $102.28B, and the average intraday trading volume over the past 10 days was 1.37 million shares, and the average trade volume was 1.58 million shares over the past three months.
Deere & Company (DE) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. DE has a Sell rating from 1 analyst(s) out of 23 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 12 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $4.09.
Deere & Company (NYSE:DE) trade information
Deere & Company (DE) registered a 0.27% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.27% in intraday trading to $329.88 this Wednesday, 10/13/21, hitting a weekly high. The stock’s 5-day price performance is -2.78%, and it has moved by -7.58% in 30 days. Based on these gigs, the overall price performance for the year is 38.69%. The short interest in Deere & Company (NYSE:DE) is 2.7 million shares and it means that shorts have 1.53 day(s) to cover.
The consensus price target of analysts on Wall Street is $415.39, which implies an increase of 20.59% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $297.00 and $480.00 respectively. As a result, DE is trading at a discount of -45.51% off the target high and 9.97% off the low.
Deere & Company (DE) estimates and forecasts
Statistics show that Deere & Company has outperformed its competitors in share price, compared to the industry in which it operates. Deere & Company (DE) shares have gone down -13.91% during the last six months, with a year-to-date growth rate more than the industry average at 117.61% against 32.80. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 71.10% this quarter and then jump 15.20% in the quarter after that. In the rating firms’ projections, revenue will increase 28.30% compared to the previous financial year.
Revenue for the current quarter is expected to be $10.64 billion as predicted by 11 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $9.35 billion by the end of Jan 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 8.50%. While earnings are projected to return -12.50% in 2021, the next five years will return 41.53% per annum.
Deere & Company is due to release its next quarterly earnings on November 24. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Deere & Company is 4.20, with the dividend yield indicating at 1.28 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.72%.
Deere & Company (NYSE:DE)’s Major holders
Deere & Company insiders own 0.13% of total outstanding shares while institutional holders control 78.82%, with the float percentage being 78.93%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 2,219 institutions own stock in it. As of Jun 29, 2021, the company held over 22.42 million shares (or 7.23% of all shares), a total value of $7.91 billion in shares.
The next largest institutional holding, with 20.8 million shares, is of Blackrock Inc.’s that is approximately 6.71% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $7.34 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Deere & Company (DE) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Jun 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 7.97 million shares. This amounts to just over 2.57 percent of the company’s overall shares, with a $2.81 billion market value. The same data shows that the other fund manager holds slightly less at 6.48 million, or about 2.09% of the stock, which is worth about $2.29 billion.