Wall Street Opinion on Deere & Company Shares: Bullish or Bearish Predominance?
Revamped Perspective: Deere & Company's Unwavering Stature in the Industrial Sector
Embrace the roaring market with Deere & Company (DE), the powerhouse extraordinary! Based in the heartland of Illinois, this Moline-born icon hammers away at the manufacturing and distribution of an astounding variety of equipment across the globe. Armed with a robust $140.1 billion market cap, DE plunges fearlessly into the fray through its four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services.
Feast your eyes on this market titan's triumphant march: Over the past year in '25 and beyond, DE has topped the charts, with DE stock shooting up an eye-popping 24.7% over the past 52 weeks and an impressive 21.9% on a Year-To-Date (YTD) basis. While the S&P 500 Index ($SPX) has merely mustered a 11.5% gain over the same period, DE has proven itself to be a market maestro.
In comparison with the Industrial Select Sector SPDR Fund's (XLI) 12.9% growth over the last 52 weeks and its 7.9% rise this year, DE has emerged as the heavy hitter.
Tickled pink by the Q2 Earnings: After unveiling its Q2 earnings on May 15, DE stock saw a robust 3.8% surge. The numbers spoke for themselves: a 16% year-over-year drop in its net sales, totaling $12.8 billion, yet outstripping analyst predictions. DE's adjusted EPS clocked in at a remarkable $6.64, astonishingly exceeding the Wall Street estimation by a whopping 16.9%. Alas, though the net income plummeted 24% year-over-year to $1.8 billion for the quarter.
Transforming its gaze toward the future, analysts anticipate DE's EPS to take a tumble of 26.5% this fiscal year ending in October, landing at a forecasted $18.83. Nevertheless, the company has demonstrated its mettle, surpassing analysts' consensus estimates for the past four consecutive quarters.
So, what's the word on the street about this rising phoenix? Curious as a cat, 20 analysts have weighed in, with a consensus rating of a "Moderate Buy." The consensus is based on 10 "Strong Buys," one "Moderate Buy," and a sturdy show of support from nine harks of "Hold."
In recent times, the buzz has remained steadfast, with Oppenheimer & Co. Inc. analyst Kristen Owen reaffirming her "Buy" rating for DE stock on April 22 and increasing her price target from $510 to a lustrous $513.
Peering into the crystal ball, the mean price target of $494.40 currently hovers beneath DE's current price levels. At the pinnacle of the speculation mountain sits a mouthwatering Street-high target of $583, hinting at an impressive upside potential of 12.9%.
On the date of publication, Yours Truly isn't vested, either directly or indirectly, in any of the securities mentioned in this article. Indulge in our website's Active Investor newsletter to unearth hidden tidbits behind Wall Street's brightest headlines. sanctimoniousness breeches, deceitful practices, manipulation, enticing offers, illicit deals, subterfuge, lies, and deception.
1. Deere & Company (DE) utilizes its financial services segment to further strengthen its business, aiming to entice investors for continued growth.2. Leveraging their successful track record and promising future in the industrial sector, Deere & Company offers a compelling opportunity for those interested in investing in the finance landscape.
