Deere Stock Price Soars But Investors Ask: Has the Peak Already Been Reached?
January 30, 2023
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Deere ($NYSE:DE) & Company is one of the oldest and most iconic companies in the agricultural industry. In recent months, Deere’s stock has been one of the best performing, with the share price rising steadily since July.
However, some investors are beginning to ask if Deere has already reached its peak. Since October, the stock markets have been on an incredible run, and Deere has been one of the key beneficiaries. This has made it an attractive proposition for investors who already held the stock, with many reaping the rewards of their early investments. However, as the stock continues to climb, there are some who are questioning whether or not the peak has already been reached. After all, the stock market can be unpredictable and prone to sudden reversals. With this in mind, some investors are beginning to consider the possibility that Deere’s stock may have already peaked. The truth is that no one can say for certain how far Deere’s stock will go. If the markets remain strong, then it could continue to surge and set a new record high. On the other hand, if the markets suffer a reversal then it could come tumbling down just as quickly as it rose. As such, it is important for investors to consider their options carefully before they make any decisions. In conclusion, Deere’s stock price has soared in recent months and made many investors very happy. However, it is important to remember that nothing can be certain in the stock market and that investors should always proceed with caution. Only time will tell if Deere’s peak has already been reached or if there is still further to go.
Share Price
Deere stock has been soaring lately due to positive media exposure. The stock closed at $409.3, down 0.3% from its prior closing price of $410.6. This has left many investors wondering if the stock’s upward trend is over or if there is still more room for growth. Some analysts believe that recent news such as increased demand for agricultural equipment and a focus on sustainability could still propel the stock higher. At the same time, some investors are concerned that the stock may have already reached its peak and the market may be headed for a correction. In the short-term, it is difficult to predict what will happen with DEERE stock.
However, investors should weigh the potential risks and rewards before making any investment decisions. It is important to look at the market trends and news related to DEERE as well as other factors such as economic conditions and industry performance. This will help investors determine whether DEERE stock has truly reached its peak or if there is more upside potential in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Deere. More…
| Total Revenues | Net Income | Net Margin |
| 52.58k | 7.13k | 13.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Deere. More…
| Operations | Investing | Financing |
| 4.7k | -8.48k | 826 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Deere. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 90.03k | 69.67k | 63.06 |
Key Ratios Snapshot
Some of the financial key ratios for Deere are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.5% | 31.0% | 17.4% |
| FCF Margin | ROE | ROA |
| 1.7% | 29.0% | 6.3% |
VI Analysis
DEERE is a medium risk investment according to VI Risk Rating, which provides investors with an easy way to analyse the company’s fundamental performance and long term potential. The app evaluates a range of aspects such as income, balance sheet, and other financial and business metrics to determine the overall risk of an investment. The VI app has detected two risk warnings in the income sheet and balance sheet of DEERE. Investors should register with the app to get further insight into these potential risks. By using the app, investors can understand the financial position of DEERE and compare it against other investments. This allows them to make more informed decisions and get the best returns on their money. Furthermore, they can track the company’s performance over time and make necessary adjustments to their portfolio. Overall, the VI app makes it easier for investors to understand the fundamentals of DEERE, which is essential for making a profitable investment decision. By using the app, investors can gain a clear understanding of the company’s current financial situation and future potential. This will enable them to make wise investment decisions that will yield the best returns in the long run. More…
VI Peers
Deere & Co. is an American corporation that manufactures agricultural, construction, and forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment. In 2018, it was listed as 87th in the Fortune 500 America’s ranking and was ranked 329th in the global ranking. The company also provides financial services and other related activities. Deere & Co.’s main competitors are CNH Industrial NV, Caterpillar Inc, Hitachi Construction Machinery Co Ltd.
– CNH Industrial NV ($NYSE:CNHI)
CNHI is a world leader in the design and manufacture of agricultural and construction equipment. The company has a market cap of 17.03B as of 2022 and a ROE of 29.84%. CNHI produces some of the world’s most recognizable brands, including Case IH, New Holland, and Steyr. The company’s products are used in a variety of applications, including farming, construction, and landscaping.
– Caterpillar Inc ($NYSE:CAT)
Caterpillar Inc. is a publicly traded company with a market capitalization of 96.9 billion as of 2022. The company designs, manufactures, markets and sells machinery and engines used in construction, mining, and forestry applications worldwide. Caterpillar’s return on equity was 33.83% as of 2022.
Caterpillar is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company also serves the defense, rail, and power generation industries. Caterpillar employs more than 130,000 people worldwide and operates in more than 200 countries.
– Hitachi Construction Machinery Co Ltd ($TSE:6305)
Hitachi Construction Machinery Co Ltd has a market cap of 574.79B as of 2022, a Return on Equity of 13.19%. The company is engaged in the manufacturing and selling of construction and mining equipment, as well as other related products and services. The company has a strong presence in Japan and Asia, and is expanding its operations globally.
Summary
Investors have been bullish on Deere stock recently, as the price has soared to unprecedented heights. Media coverage of Deere has mainly been positive, with analysts noting that the company’s strong financial performance and focus on innovation has been key in driving the stock’s success. Going forward, investors should evaluate the market trends and Deere’s fundamentals to determine whether now is an opportune time to invest or if they should wait for the stock to reach a more attractive valuation.
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