For its third fiscal quarter (ending July 31), DEERE & COMPANY (NYSE: DE) has reported E.P.S. of $6.32 compared to $10.24 a year ago. E.P.S. were $29.43 for the latest four quarters through July 31 versus $33.96 for the same period a year ago.
Recent Price Action
On 8/15/24, DEERE & COMPANY (NYSE: DE) stock enjoyed a very large increase of 6.3%, closing at $373.26. Moreover, this advance was accompanied by unusually high trading volume at 187% of normal. Relative to the market the stock has been weak over the last nine months but has risen 7.9% during the last week.
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 52 but a poor Power Rating of 21, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.