DEERE & COMPANY (NYSE: DE) has reported earnings for its second fiscal quarter (ending April 30) of $8.56 versus $9.69 for the same period a year ago. E.P.S. were $33.34 for the latest four quarters through April 30 versus $29.94 for the same period a year ago.
Recent Price Action
DEERE & COMPANY (NYSE: DE) stock declined by -4.7% on 5/16/24. The shares closed at $394.43. Moreover, this decline was accompanied by exceptionally high trading volume at 259% of normal. The stock has performed in line with the market over the last nine months and has declined -2.7% 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 consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. DEERE & COMPANY has a neutral Appreciation Score of 53 and a slightly negative Power Rating of 31, leading to 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.
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