Shares of Deere & Company (NYSE:DE) recorded -1.19% loss during trading session on November 8th, 2018. The script traded as low as $145.04 and last traded at $146.67. 1.9 million shares changed exchanged hands during trading, an increase of 20.19% from the 30-day average session volume of 2.38M shares. The firm had previously closed at $148.43. The company has $319.24M outstanding shares, a price-to-earnings ratio of 16.93, price-to-earnings-growth ratio of 1.30 and a beta of 0.99. The company has a RSI of 54.72, ATR of 4.28 and a volatility of 2.10% this week. DE has a 52 week low price of $128.32 and a 52 week high price of $175.26.
Investors have identified the tech company Deere & Company as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 46.82B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Deere & Company (DE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For DE, the company has in raw cash 3.92 billion on their books with 15.53 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 48.06 billion total, with 4.45 billion as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
DE were able to record 0 as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 674.7 million. In cash movements, the company had a total of 0 as operating cash flow.
Potential earnings growth for Deere & Company (DE)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Deere & Company recorded a total of 10.31 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.24% coming in sequential stages and their sales for the third quarter reducing by -0.04%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 7.15 billion trying to sell their products during the last quarter, with the result yielding a gross income of 3.16 billion. This allows shareholders to hold on to 319.24M with the revenue now reading 2810 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (1.77 cents a share).
Is the stock of DE attractive?
Having a look at the company’s valuation, the company is expected to record 11.57 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on DE sounds very interesting.
In related news, Chairman & CEO ALLEN SAMUEL R sold 269,353 shares of the company’s stock in a transaction that recorded on February 28th, 2018. The sale was performed at an average price of 163.83, for a total value of 44,127,503. As the sale deal closes, the Senior Vice President ALLEN SAMUEL R now sold 14,941 shares of the company’s stock, valued at 2,494,993. Also, Senior Vice President Gilles Jean H sold 142 shares of the company’s stock in a deal that was recorded on February 23rd, 2018. The shares were sold at an average price of 166.26 per share, with a total market value of 68,947. Following this completion of acquisition, the Senior Vice President now holds 32,183 shares of the company’s stock, valued at 5,341,296. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.12%.
8 out of 23 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on Deere & Company stock. 1 analysts has assigned a Sell rating on the DE stock. The 12-month mean consensus price target for the company’s shares has been set at $173.50.