Stock Rating Downgrade
The Value Trend Rating for DEERE & COMPANY (NYSE: DE) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
DEERE & COMPANY (NYSE: DE) stock closed at $400.96 on 5/3/24 after an increase of 1.3%. NORMAL trading volume accompanied the advance. The stock has risen 1.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
DE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
DEERE & COMPANY has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. DEERE & COMPANY has a neutral Appreciation Score of 53 but a poor Power Rating of 29, producing the Negative Value Trend Rating.
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