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DE
Stock ticker:
NYSE
AS OF
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Price
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Capitalization
111.08B

DE Price Prediction, Deere & Company AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for DE with price predictions
08:00 PM EDT Jun 08, 2023

DE's RSI Oscillator climbs out of oversold territory

The RSI Indicator for DE moved out of oversold territory on June 01, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In of the 22 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on DE as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for DE just turned positive on June 02, 2023. Looking at past instances where DE's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

DE moved above its 50-day moving average on June 07, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DE advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 50-day moving average for DE moved below the 200-day moving average on May 11, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DE broke above its upper Bollinger Band on June 07, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for DE entered a downward trend on May 24, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: DE's P/B Ratio (4.960) is slightly higher than the industry average of (2.012). P/E Ratio (12.739) is within average values for comparable stocks, (36.889). Projected Growth (PEG Ratio) (1.095) is also within normal values, averaging (1.796). Dividend Yield (0.012) settles around the average of (0.037) among similar stocks. P/S Ratio (1.933) is also within normal values, averaging (109.354).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. DE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I. Advisor
published Earnings

DE is expected to report earnings to fall 14.51% to $8.25 per share on August 18

Deere & Company DE Stock Earnings Reports
Q3'23
Est.
$8.25
Q2'23
Beat
by $1.12
Q1'23
Beat
by $1.02
Q4'22
Beat
by $0.32
Q3'22
Missed
by $0.49
The last earnings report on May 19 showed earnings per share of $9.65, beating the estimate of $8.53. With 1.25M shares outstanding, the current market capitalization sits at 111.08B.
A.I.Advisor
published Dividends

DE paid dividends on May 08, 2023

Deere & Company DE Stock Dividends
А dividend of $1.25 per share was paid with a record date of May 08, 2023, and an ex-dividend date of March 30, 2023. Read more...
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Caterpillar (NYSE:CAT), Deere & Company (NYSE:DE).

Industry description

The industry designs and builds agricultural, construction and other large commercial and transportation equipment. Tractors, planters and harvesters, as well as rock-crushing, railroad, demolition and other construction implements are produced by this industry. Rapid urbanization and industrialization has been bolstering the expansion of the construction sector in the past few decades, thereby boosting demand for heavy equipment businesses. Caterpillar Inc., Deere & Company and Cummins Inc (Ex. Cummins Engine Inc) are some prominent companies in this industry.

Market Cap

The average market capitalization across the Trucks/Construction/Farm Machinery Industry is 9.31B. The market cap for tickers in the group ranges from 223.29K to 121.12B. CAT holds the highest valuation in this group at 121.12B. The lowest valued company is OSRS at 223.29K.

High and low price notable news

The average weekly price growth across all stocks in the Trucks/Construction/Farm Machinery Industry was 1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 5%. IDEX experienced the highest price growth at 27%, while PTJSF experienced the biggest fall at -15%.

Volume

The average weekly volume growth across all stocks in the Trucks/Construction/Farm Machinery Industry was 70%. For the same stocks of the Industry, the average monthly volume growth was 15% and the average quarterly volume growth was 382%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 45
P/E Growth Rating: 61
Price Growth Rating: 52
SMR Rating: 61
Profit Risk Rating: 71
Seasonality Score: -8 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of agricultural, industrial, commercial and consumer equipment

Industry TrucksConstructionFarmMachinery

Profile
Fundamentals
Details
Industry
Trucks Or Construction Or Farm Machinery
Address
One John Deere Place
Phone
+1 309 765-8000
Employees
82200
Web
https://www.deere.com
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DE and

Correlation & Price change

A.I.dvisor indicates that over the last year, DE has been closely correlated with CNHI. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if DE jumps, then CNHI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DE
1D Price
Change %
DE100%
-0.50%
CNHI - DE
80%
Closely correlated
-1.23%
AGCO - DE
79%
Closely correlated
+0.05%
CAT - DE
69%
Closely correlated
+0.25%
TEX - DE
68%
Closely correlated
-2.10%
TWI - DE
59%
Loosely correlated
-1.62%
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