NYSE:DE

Deere & Company - DE Stock Forecast, Price & News

$333.89

-7.11 (-2.09%)

(As of 09/30/2022 12:00 AM ET)

Add

Compare

Today's Range: $333.66
▼
$341.06
50-Day Range: $319.45
▼
$388.15
52-Week Range: $283.81
▼
$446.76

Volume: 1.70 million shs
Average Volume: 1.20 million shs
Market Capitalization: $100.77 billion

P/E Ratio: 16.69
Dividend Yield: 1.33%
Price Target: $407.68

Deere & Company MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.68 Rating Score
Upside/Downside: 22.1% Upside
$407.68 Price Target
Short Interest: Healthy
1.17% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -4.75
Upright™ Environmental Score
News Sentiment: 0.37
Based on 13 Articles This Week
Insider Trading: Selling Shares
$1.50 M Sold Last Quarter
Proj. Earnings Growth: 16.26%
From $22.94 to $26.67 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.90 out of 5 stars

Industrial Products Sector

21st out of 186 stocks

Farm Machinery & Equipment Industry

2nd out of 4 stocks

3.3

Analyst's Opinion

Consensus Rating
Deere & Company has received a consensus rating of Buy. The company's average rating score is 2.68, and is based on 13 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $407.68, Deere & Company has a forecasted upside of 22.1% from its current price of $333.89.
Amount of Analyst Coverage
Deere & Company has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.17% of the float of Deere & Company has been sold short.
Short Interest Ratio / Days to Cover
Deere & Company has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Deere & Company has recently decreased by 6.29%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Deere & Company pays a meaningful dividend of 1.33%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Deere & Company has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Deere & Company is 22.59%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Deere & Company will have a dividend payout ratio of 16.95% next year. This indicates that Deere & Company will be able to sustain or increase its dividend.

1.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Deere & Company has received a -27.44% net impact score from Upright. The largest negative impact of John Deere in category "GHG emissions" seems to be driven mostly by its "Backhoe loaders", "Loader tractors", "Snow blowers", "Motor graders", "Crawler loaders", and "Skid-steer loaders" products. See details.
Environmental Sustainability
The Environmental Impact score for Deere & Company is -4.75.

1.3

News and Social Media Coverage

News Sentiment
Deere & Company has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Deere & Company this week, compared to 15 articles on an average week.
Search Interest
Only 53 people have searched for DE on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.
MarketBeat Follows
Only 24 people have added Deere & Company to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Deere & Company insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,499,971.00 in company stock.
Percentage Held by Insiders
Only 0.24% of the stock of Deere & Company is held by insiders.
Percentage Held by Institutions
75.34% of the stock of Deere & Company is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Deere & Company are expected to grow by 16.26% in the coming year, from $22.94 to $26.67 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Deere & Company is 16.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.91.
Price to Earnings Ratio vs. Sector
The P/E ratio of Deere & Company is 16.69, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.35.
Price to Earnings Growth Ratio
Deere & Company has a PEG Ratio of 1.18. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Deere & Company has a P/B Ratio of 5.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Deere & Company (NYSE:DE) Stock

Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers. The Small Agriculture and Turf segment offers utility tractors, and related loaders and attachments; turf and utility equipment, including riding lawn equipment, commercial mowing equipment, golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications; other outdoor power products; and hay and forage equipment. This segment also resells products from other manufacturers. It serves dairy and livestock producers, crop producers, and turf and utility customers. The Construction and Forestry segment provides a range of backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, landscape and skid-steer loaders, milling machines, pavers, compactors, rollers, crushers, screens, asphalt plants, log skidders, log feller bunchers, log loaders and forwarders, log harvesters, and attachments; and roadbuilding equipment. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties, as well as finances retail revolving charge accounts. Deere & Company was founded in 1837 and is headquartered in Moline, Illinois.

Receive DE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Deere & Company and its competitors with MarketBeat's FREE daily newsletter.

DE Stock News Headlines

September 25, 2022 | marketbeat.com

Can Caterpillar Claw Higher in a Falling Market? (DE)

Construction and heavy machinery maker Caterpillar (NYSE: CAT) stock has been weathering the bear market down (-17%) on the year.

October 2, 2022 | finance.yahoo.com

3 Recession-Resistant Agriculture Dividend Stocks That Can Steer Your Portfolio Toward Greener Pastures

September 30, 2022 | finance.yahoo.com

John Deere Horicon Works Employees Ratify New Contract

September 30, 2022 | finance.yahoo.com

Deere says Wisconsin plant workers ratify four-year contract

September 29, 2022 | msn.com

IT Operations Leader at John Deere Inspires Youth to Pursue STEM Careers

September 29, 2022 | finance.yahoo.com

Deere (DE) Stock Moves -1.42%: What You Should Know

September 29, 2022 | marketwatch.com

Deere Requests Proposals for Satellite Communications Solutions

September 29, 2022 | msn.com

Fact check: False claim that John Deere is rolling out all-electric combines, large tractors

September 29, 2022 | finance.yahoo.com

John Deere Announces Request for Proposals for Satellite Communications Opportunity

September 29, 2022 | finance.yahoo.com

A Deere & Company (NYSE:DE) insider lowered their holding by 16% earlier this year

September 27, 2022 | nasdaq.com

Four Days Left Until Deere & Company (NYSE:DE) Trades Ex-Dividend

September 25, 2022 | seekingalpha.com

John Deere And The Holy Grail: Quest For The Source Of Truth In Ag

September 24, 2022 | seekingalpha.com

Deere & Company Is A Decent Dividend Growth Investment

September 23, 2022 | seekingalpha.com

Deere & Company: Structural Tailwinds Could Push The Stock Higher

September 22, 2022 | finance.yahoo.com

Investors Heavily Search Deere & Company (DE): Here is What You Need to Know

September 22, 2022 | finance.yahoo.com

Where Will Deere Be in 10 Years?

September 20, 2022 | seekingalpha.com

Deere leads $16M funding round in agritech startup InnerPlant

September 19, 2022 | finance.yahoo.com

Davis-based InnerPlant raises $16 million in venture round led by John Deere

September 19, 2022 | techcrunch.com

InnerPlant grows with new John Deere-backed millions for sustainable farming

September 14, 2022 | forbes.com

Is Caterpillar Stock A Better Pick Over Its Competitor?

September 13, 2022 | nasdaq.com

Should You Be Excited About Deere & Company's (NYSE:DE) 32% Return On Equity?

September 12, 2022 | msn.com

Software fees to make up 10% of John Deere's revenues by 2030

September 12, 2022 | seekingalpha.com

Deere may see 10% of revenue from software fees by 2030: WSJ

September 12, 2022 | finance.yahoo.com

Deere Invests Billions In Self-Driving Tractors, Smart Crop Sprayers: Report

September 10, 2022 | fool.com

Is Deere Stock a Buy?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive DE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Deere & Company and its competitors with MarketBeat's FREE daily newsletter.

DE Company Calendar

Ex-Dividend for 8/8 Dividend: 6/29/2022
Dividend Payable: 8/08/2022
Last Earnings: 8/19/2022
Ex-Dividend for 11/8 Dividend: 9/29/2022
Today: 10/02/2022
Fiscal Year End: 10/31/2022
Dividend Payable: 11/08/2022
Next Earnings (Estimated): 11/23/2022

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Farm machinery & equipment
Sub-Industry: Construction & Farm Machinery & Heavy Trucks
Sector: Industrial Products
Current Symbol: NYSE:DE
CUSIP: 24419910
CIK: 315189
Web: www.deere.com
Phone: (309) 765-8000
Fax: 309-765-5671
Employees: 75,600
Year Founded: 1837

Price Target and Rating

Average Stock Price Forecast: $407.68
High Stock Price Forecast: $447.00
Low Stock Price Forecast: $325.00
Forecasted Upside/Downside: +22.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.68
Research Coverage: 19 Analysts

Profitability

EPS (Most Recent Fiscal Year): $20.01
Trailing P/E Ratio: 16.69
Forward P/E Ratio: 14.55
P/E Growth: 1.18
Net Income: $5.96 billion
Net Margins: 12.75%
Pretax Margin: 16.24%
Return on Equity: 33.26%
Return on Assets: 7.37%

Debt

Debt-to-Equity Ratio: 1.69
Current Ratio: 1.97
Quick Ratio: 1.68

Sales & Book Value

Annual Sales: $44.02 billion
Price / Sales: 2.29
Cash Flow: $25.31 per share
Price / Cash Flow: 13.19
Book Value: $63.07 per share
Price / Book: 5.29

Miscellaneous

Outstanding Shares: 301,820,000
Free Float: 301,096,000
Market Cap: $100.77 billion
Optionable: Optionable
Beta: 1.06

Social Links

Key Executives

Mr. John C. May II (Age 53)
Chairman & CEO
Comp: $9.88M

Mr. Rajesh Kalathur (Age 54)
Chief Financial Officer
Comp: $4.12M

Mr. Marc Allen Howze (Age 59)
CEO & MD of Lifecycle Solutions
Comp: $4.07M

Mr. Ryan D. Campbell (Age 47)
Pres of Worldwide Construction, Forestry & Power Systems
Comp: $4.16M

Mr. Cory J. Reed (Age 51)
Pres of Worldwide Ag & Turf Division, Production & Precision Ag for Americas and Australia
Comp: $4.08M

Mr. Jeffrey A. Trahan
VP of Pension Fund & Investments

Mr. Jahmy J. Hindman
Chief Technology Officer

Mr. Ganesh Jayaram
Chief Information Officer

Brent Norwood
Director of Investor Relations

Ms. Mary K. W. Jones (Age 54)
Sr. VP of International Public Affairs & Legal Advisor

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DE Stock - Frequently Asked Questions

Should I buy or sell Deere & Company stock right now?: 19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last twelve months. There are currently 6 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DE shares.
View DE analyst ratings or view top-rated stocks.
What is Deere & Company's stock price forecast for 2022?: 19 analysts have issued 1-year price objectives for Deere & Company's shares. Their DE share price forecasts range from $325.00 to $447.00. On average, they predict the company's share price to reach $407.68 in the next year. This suggests a possible upside of 22.1% from the stock's current price.
View analysts price targets for DE or view top-rated stocks among Wall Street analysts.
How have DE shares performed in 2022?: Deere & Company's stock was trading at $342.89 at the beginning of the year. Since then, DE stock has decreased by 2.6% and is now trading at $333.89.
View the best growth stocks for 2022 here.
Are investors shorting Deere & Company?: Deere & Company saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 3,280,000 shares, a decline of 6.3% from the August 31st total of 3,500,000 shares. Based on an average daily trading volume, of 1,460,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.2% of the company's stock are short sold.
View Deere & Company's Short Interest.
When is Deere & Company's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 23rd 2022.
View our DE earnings forecast.
How were Deere & Company's earnings last quarter?: Deere & Company (NYSE:DE) posted its quarterly earnings results on Friday, August, 19th. The industrial products company reported $6.16 EPS for the quarter, missing the consensus estimate of $6.64 by $0.48. The industrial products company had revenue of $13 billion for the quarter, compared to analysts' expectations of $12.84 billion. Deere & Company had a trailing twelve-month return on equity of 33.26% and a net margin of 12.75%. The company's quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.32 EPS.
Read the conference call transcript.
How often does Deere & Company pay dividends? What is the dividend yield for Deere & Company?: Deere & Company declared a quarterly dividend on Wednesday, August 31st. Stockholders of record on Friday, September 30th will be given a dividend of $1.13 per share on Tuesday, November 8th. This represents a $4.52 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, September 29th.
Read our dividend analysis for DE.
Is Deere & Company a good dividend stock?: Deere & Company (NYSE:DE) pays an annual dividend of $4.52 per share and currently has a dividend yield of 1.33%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DE will have a dividend payout ratio of 16.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DE.

What is John May's approval rating as Deere & Company's CEO?: 213 employees have rated Deere & Company Chief Executive Officer John May on Glassdoor.com. John May has an approval rating of 78% among the company's employees.
What other stocks do shareholders of Deere & Company own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Deere & Company investors own include Caterpillar (CAT), Intel (INTC), NVIDIA (NVDA), Boeing (BA), Johnson & Johnson (JNJ), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), AT&T (T), Micron Technology (MU) and Cisco Systems (CSCO).
What is Deere & Company's stock symbol?: Deere & Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "DE."
How do I buy shares of Deere & Company?: Shares of DE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Deere & Company's stock price today?: One share of DE stock can currently be purchased for approximately $333.89.
How much money does Deere & Company make?: Deere & Company (NYSE:DE) has a market capitalization of $100.77 billion and generates $44.02 billion in revenue each year. The industrial products company earns $5.96 billion in net income (profit) each year or $20.01 on an earnings per share basis.
How many employees does Deere & Company have?: The company employs 75,600 workers across the globe.
Does Deere & Company have any subsidiaries?: The following companies are subsidiares of Deere & Company: A&I Products, AgriSync, Banco John Deere S.A., Bauer Built Manufacturing, Bear Flag Robotics, Bear Flag Robotics Inc., Blue River Technology, Blue River Technology Inc., Chamberlain Holdings Limited, Deere Capital Inc., Deere Credit Inc., Deere Credit Services Inc., Deere Funding Canada Corporation, Deere Receivables LLC, FPC Receivables Inc., Farm Plan Corporation, Hagie Manufacturing Co., Hamm AG, Harvest Profit, Harvest Profit LLC, Industrias John Deere Argentina S.A., John Deere (China) Investment Co. Ltd., John Deere (Jiamusi) Agricultural Machinery Co. Ltd., John Deere (Tianjin) International Trading Co. Ltd., John Deere Agricultural Holdings Inc., John Deere Asia (Singapore) Private Limited, John Deere Bank S.A., John Deere Brasil Ltda., John Deere Canada ULC, John Deere Capital Corporation, John Deere Cash Management, John Deere Construction & Forestry Company, John Deere Electronic Solutions Inc., John Deere Financial Inc., John Deere Financial Limited, John Deere Financial Mexico S.A. de C.V. SOFOM ENR, John Deere Financial Services Inc., John Deere Financial f.s.b., John Deere Forestry Group LLC, John Deere Funding Corporation, John Deere Global Investments LLC, John Deere GmbH & Co. KG, John Deere Iberica S.A., John Deere India Private Limited, John Deere International GmbH, John Deere Leasing Company, John Deere Limited, John Deere Polska Sp. z.o.o., John Deere Receivables Inc., John Deere Rus. Limited Liability Company, John Deere S. de R.L. de C.V., John Deere S.A.S., John Deere Shared Services Inc., John Deere Thibodaux Inc., John Deere Walldorf GmbH & Co. KG, John Deere Warranty Inc., John Deere-Lanz Verwaltungs GmbH, Joseph Vögele Aktiengesellschaft, King Agro, Kreisel Electric, LESCO, Mazzotti, Monosem, Motores John Deere S.A. de C.V., NavCom Technology, Ningbo Benye Tractor & Automobile Manufacture Co., Nortrax Inc., OnLink, PLA, Plastro Irrigation Systems, ReGen Technologies, Roberts Irrigation Products, T-Systems International, Timberjack Group of Finland, Unimil, United Green Mark, Waratah Forestry Equipment Canada Ltd., Wirtgen, Wirtgen GmbH, and Wirtgen Road Technologies GmbH.
Read More
How can I contact Deere & Company?: Deere & Company's mailing address is ONE JOHN DEERE PLACE, MOLINE IL, 61265. The official website for the company is www.deere.com. The industrial products company can be reached via phone at (309) 765-8000 or via fax at 309-765-5671.

This page (NYSE:DE) was last updated on 10/2/2022 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Deere & Company - DE Stock Forecast, Price & News

Deere & Company MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Deere & Company (NYSE:DE) Stock

DE Stock News Headlines

DE Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

DE Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™