Deere stock: buy or sell?

DE stock price: $166.92 0.16% At close on February 26th, 2020

Updated on:
February 26th, 2020

2

After marking all time highs on Friday, Deere stayed steady 0.16% to $166.92. On Friday DE climbed a super good 6.54%.

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide.

Should I buy Deere stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Deere stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Deere stock a buy?

Financial institutions and banks post stock ratings everyday. Unfortunately, we couldn't find any rating for DE stock for the last 30 days.

Deere stock analysis

Daily outlook

Deere stayed stable 0.16% to $166.92 after topping to all time highs on Friday.

After several days of continuous rises in past weeks, Deere stayed steady 0.16% to $166.92. On Friday, DE hit new all time highs, pushing higher previous ATH of $179.70 recorded on November. New ATHs are usual entry points for many trading setups as there aren't higher resistences. Since price and SMA200d lines crossed up on February 4th, DE climbed $8.63 (5.45%). From a daily perspective, DE is in a short term uptrend after plotting its last bottom ($164.21, on February 18th) higher than the previous bottom, and its last top ($181.99, on Friday) also over the previous top. Now trading in between its last bottom and last top DE might consolidate in a plain range, waiting to break out over $181.99 or down under $164.21. Since October when SMA100d and SMA200d crossed up, DE price slipped $-0.15 per share (-0.09%).

DE stock chart (daily)

Weekly outlook

After boosting a brilliant 5.28% in a week last week, Deere closed this week at $166.92 and plummed a hair-raising -5.92%.

Not so far away is the last price record Deere marked last week. Since early February when DE stock price broke up the SMA40w line, it gained $8.34 (5.26%). Since early October 2019 when SMA20w and SMA40w crossed up, DE price slipped $-0.05 per share (-0.03%).

DE stock chart (weekly)

Deere stock price history

Deere stock historical price chart

DE stock reached all-time highs on Friday with a price of $181.99.

Deere stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not found any price forecast for Deere stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Deere disappointed experts when it posted an Earnings per Share (EPS) of $1.54 when the analysts' forecast was $1.80.
DE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a3.11n/a
2017-Q3-n/a1.97n/a
2017-Q42018-02-161.21.319.2%
2018-Q12018-05-183.313.14-5.1%
2018-Q22018-05-183.333.14-5.7%
2018-Q32018-08-172.772.59-6.5%
2018-Q42018-11-212.442.3-5.7%
2019-Q12019-02-151.81.54-14.4%
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Deere annual sales climbed an extraordinary 27.15% to $37,021.30 million USD from $29,115.60 marked in 2017. On the other hand, its earnings margin (compared to revenues) decreased to 6.40%, that is $2,368.40 million.

To have an up to date view of the financial situation of Deere, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Deere TTM sales up to January 2019 were $38,091.40 and earnings were $3,401.90 million USD. If we compare this TTM figures with the last reported annuality, we can esteem Deere business evolution since October 2018: Annual sales up to January, compared to lastest yearly report, grew a slightly good 2.89%. Likewise, profit margin (net income/revenues) stepped up at 6.40%.

DE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$37,800 M-$3,540 M9.4%-
2014$36,070 M-4.58%$3,160 M8.8%-10.73%
2014$35,816 M-0.71%$3,162 M8.8%0.05%
2015$28,810 M-19.56%$1,940 M6.7%-38.64%
2015$28,609 M-0.70%$1,940 M6.8%0.00%
2016$26,620 M-6.95%$1,520 M5.7%-21.65%
2016$26,364 M-0.96%$1,524 M5.8%0.26%
2017$29,450 M11.71%$2,160 M7.3%41.74%
2017$29,116 M-1.14%$2,159 M7.4%-0.04%
2018$37,021 M27.15%$2,368 M6.4%9.69%
TTM $38,091 M2.89%$3,402 M8.9%43.64%

Quarterly financial results

Deere reported $7,983.60 M in sales for 2019-Q1, a -12.07% less compared to previous quarter. Reported quarter income marked $498.50 M with a profit margin of 6.24%. Profit margin slightly fell a -2.40% compared to previous quarter when profit margin was 8.64%. When comparing turnover to same quarter last year, Deere sales marked an outstanding increase and boosted a 15.48%. Looking back to recent quarterly results, Deere posted 3 negative quarters in a row.
DE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$8,110 M-$802 M9.9%-
2017-Q3$7,710 M-4.93%$642 M8.3%-20.02%
2017-Q4$7,396 M-4.08%$510 M6.9%-20.46%
2018-Q1$6,914 M-6.52%$-535 M-7.7%-204.86%
2018-Q2$10,720 M55.06%$1,208 M11.3%-325.81%
2018-Q3$10,308 M-3.84%$910 M8.8%-24.66%
2018-Q4$9,080 M-11.92%$785 M8.6%-13.79%
2019-Q1$7,984 M-12.07%$499 M6.2%-36.48%

Deere ownership

When you are planning to invest in a company, it's always worth to overview its ownership structure.

Deere shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.22% of all shares.

Bearish positions for DE stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Deere:

DE
Market cap$52.5 B
Total shares314.8 M
Float shares281.4 M
  - Institutional holdings (%)80.0%
  - Insider holdings (%)0.2%
Shares in short selling0.0%

Deere summary

Wednesday, February 26th, 2020
Open$168.28
Close$166.92
Day range$165.61 - $169.38
Previous close$166.65
Session gain0.16%
Average true range$4.43
50d mov avg$170.61
100d mov avg$171.01
200d mov avg$162.94
Daily patternlt06a
Weekly pattern

Deere performance

To better understand Deere performance you must becnhmark its gains with other related stocks in same sector or industry. For Deere, the comparison is made against .
Stock3m6m12m
DEDeere-0.24%8.71%4.10%

Deere competitors

Unfortunately, we could not find any public company that could be defined as Deere competitor. This doesn't mean Deere does not have any competitor in the market, it's just we could not detected it.

    Latest Deere stock news