Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for DEERE & COMPANY (NYSE: DE) improved in recent days. DE’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
DEERE & COMPANY (NYSE: DE) stock declined slightly by -0.2% on 4/26/24. The stock closed at $393.33. However, trading volume in this decline was below average at 68% of normal. The stock has performed in line with the market over the last nine months and has declined -1.8% during the last week.
Current PriceTarget Research Rating
DE is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
DEERE & COMPANY has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. DEERE & COMPANY has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 35, and the Low Neutral Value Trend Rating results.
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