Deere & Company’s Stock Price Dips to $470.90, Marking a 1.58% Decrease: Is it Time to Buy?

Deere & Company (DE)

470.90 USD -7.55 (-1.58%) Volume: 1.39M

Deere & Company’s stock price stands at 470.90 USD, experiencing a slight dip of -1.58% this trading session, with a trading volume of 1.39M. Despite the minor fluctuation, the stock maintains a robust YTD increase of +11.14%, proving its resilience in the market.

Latest developments on Deere & Company

Today, Deere & Co stock price movements are influenced by a series of key events. The company recently announced a groundbreaking collaboration with Dovetail Workwear to empower women in agriculture, targeting a significant portion of US farmers. In response to right-to-repair lawsuits, Deere has been under pressure along with Agco amid trade tensions. Additionally, various investment firms such as Tradewinds LLC, Geode Capital Management LLC, and Summit Financial LLC have made significant moves in their stakes in Deere & Company. With the launch of the Starlink service in the US and Brazil, Deere continues to make strategic advancements in the industry. Overall, these developments have contributed to the current fluctuations in Deere & Co stock prices.

Deere & Company on Smartkarma

Analysts at Baptista Research have been closely covering Deere & Co on Smartkarma, providing valuable insights into the company’s performance. In their report titled “Deere’s Precision Ag Revolution – How AI & Tech Are Transforming Farming,” the analysts highlight a mixed outlook for the company, noting challenges and opportunities in key markets. Despite a 35% decline in equipment operation sales in the first quarter, Deere reported net income of $869 million, supported by a significant tax benefit.

Another report by Baptista Research, titled “Deere & Company: Precision Agriculture Expansion As A Pivotal Growth Lever! – Major Drivers,” focuses on the company’s fourth quarter and full-year performance for fiscal 2024. With net sales and revenues down 16% to $51.7 billion, Deere faced tough market conditions, particularly in the agricultural sector. Despite these challenges, the company’s net income stood at $7.1 billion, showcasing resilience in a globally challenging environment.

A look at Deere & Company Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Deere & Company, a manufacturer of agricultural and construction equipment, has received a mixed outlook based on Smartkarma Smart Scores. While the company scores high in dividend and momentum, indicating a strong performance in these areas, its value and resilience scores are lower. This suggests that while Deere & Co may offer attractive dividends and show positive momentum, there may be concerns about its overall value and resilience in the long term.

Despite some mixed scores, Deere & Company continues to expand its services and products globally. With a focus on manufacturing and distributing a variety of equipment for different industries, including agriculture and construction, Deere remains a key player in the market. Investors may want to consider the company’s strengths in dividend and momentum, while also keeping an eye on its value and resilience factors for a more comprehensive view of its long-term outlook.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

Before it’s here, it’s on Smartkarma