Deere & Co (DE)

DE (NYSE:Industrial) EQUITY
pos +0.00
Today's Range: 78.10 - 79.84 | DE Avg Daily Volume: 3,455,600
Last Update: 02/05/16 - 4:01 PM EST
Volume: 0
YTD Performance: 2.82%
Open: $0.00
Previous Close: $78.70
52 Week Range: $70.16 - $98.23
Oustanding Shares: 316,700,104
Market Cap: 24,924,298,185
6-Month Chart
TheStreet Ratings Grade for DE
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 2 2 2 2
Moderate Buy 0 0 0 0
Hold 11 11 10 9
Moderate Sell 0 0 0 0
Strong Sell 4 4 5 5
Mean Rec. 3.19 3.19 3.31 3.33
Latest Dividend: 0.60
Latest Dividend Yield: 3.05%
Dividend Ex-Date: 12/29/15
Price Earnings Ratio: 13.64
Price Earnings Comparisons:
DE Sector Avg. S&P 500
13.64 13.60 30.32
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
0.63% -12.01% -16.03%
Revenue -5.30 -0.20 -0.07
Net Income -38.60 -0.37 -0.14
EPS -33.10 -0.25 -0.09
Earnings for DE:
Revenue 26.48B
Average Earnings Estimates
Qtr (01/16) Qtr (04/16) FY (10/16) FY (10/17)
Average Estimate $0.71 $1.54 $4.28 $4.18
Number of Analysts 11 10 13 11
High Estimate $0.86 $1.75 $4.61 $4.66
Low Estimate $0.55 $1.35 $3.65 $3.00
Prior Year $1.12 $2.03 $5.77 $4.28
Growth Rate (Year over Year) -36.28% -24.24% -25.90% -2.32%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
Jul 27, 2015 | 9:08 AM EDT
DE was upgraded to Neutral from Sell, Goldman Sachs said. $94 price target. Improved margin profile.
Overall, slightly more than half the charts scored a 'B' or better.
With corn and wheat prices lower, Deere (DE), Caterpillar (CAT) and the rest of the ag-related complex are following suit.
I would call today's feeble bounce as a win for the Bears. Though SPDR S&P 500 ETF Trust (SPY) and PowerShares QQQ (QQQ) are about where I covered yesterday, I have some regrets. Gold has spit the bit, as we used to say in the harness racing business, and I am glad I jettisoned SPDR Gold Trust (GLD) at around $116-$117 a while ago. Investors are seeking the "safe haven"" of biotech today -- iShares Nasdaq Biotechnology ETF (IBB) +$10! Call it Ag Rage! I am so angry about reversing my Deere (DE) long - it's on a tear. Mea culpa. As I observed (or hoped) -- the closed-end municipal bond fund sector is rebounding. Thanks for the nice emails on my closed-end muni bond update. But I wish they were better performers. I think I made the right move on the banks over the last week as I pared down some money center bank positions, though I still want to buy a 5% to 7% dip. Sticking with full regional bank weightings (medium size). The stock of Radian Group (RDN) is fearless. Twitter (TWTR) ain't bad, for a change. I am sticking with my view that the 10-year U.S. note yield peaked at 2.50% for the summer. I have a variant and negative view on housing; I will discuss in the morning. I will stick with my position and not trade much this week in light of the uncertainties revolving around Greece. Mexico just pulled out of Trump's Miss Universe contest. Kudos. I am leaving early to "deadhead" (seems appropriate this week!) my rose garden.  
Automakers as well as Caterpillar, Cummins, GE and United Technologies are likely to be interested.

Bills Gates, MOO and You Real Money Pro($)

Cascade Investment, Bill Gates' personal investment vehicle, has raised its holdings in Deere & Co. (DE) to 30.5 million shares. 
There is nothing today that changes my general view that we are in the process of making a broad top in equities.
Picking up some high yielders might be worthwhile.

Why MOO is Good for You Real Money Pro($)

Deere's shares (DE) have broken out of an extended base, too. The company also announced a nice earnings beat last week. I'm already bullish on Potash Corp. of Saskatchewan (POT) which has been on my "Best Ideas" list for an extended period of time. The fertilizer and agriculture sectors stand to benefit from a burgeoning middle class around the world.   Most folks will elect to buy MOO outright. I've begun purchasing it with a $57 limit and am working as a scale buyer lower. However, given my negative market view, I like the idea of a pair trade -- going long on MOO and short on SPY.
May 26, 2015 | 7:20 AM EDT
DE was downgraded from Outperform to Neutral, Robert Baird said. $98 price target. Company lacks near-term catalysts.    &nbs...

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