Stock Rating Downgrade
In recent days the Value Trend Rating for DEERE & COMPANY (NYSE: DE) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
DEERE & COMPANY (NYSE: DE) stock closed at $400.32 on 4/19/24 after a slight decline of -0.07%. However, this decline was accompanied by below average trading volume at 70% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DE is expected to continue to be a major Value Builder.
DEERE & COMPANY has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. DEERE & COMPANY has a neutral Appreciation Score of 53 and a slightly negative Power Rating of 35, and the Negative Value Trend Rating results.
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