DE Stock Summary and Trading Ideas (Deere | NYSE:DE)

Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry in their green and yellow livery. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.

Deere trades on the NYSE stock market under the symbol DE.

As of December 27, 2024, DE stock price declined to $428.95 with 214,610 million shares trading.

DE has a beta of 0.57, meaning it tends to be less sensitive to market movements. DE has a correlation of 0.08 to the broad based SPY ETF.

DE has a market cap of $118.21 billion. This is considered a Large Cap stock.

Last quarter Deere reported $11 billion in Revenue and $4.55 earnings per share. This beat revenue expectation by $2 billion and exceeded earnings estimates by $.68.

In the last 3 years, DE traded as high as $469.39 and as low as $283.81.

The top ETF exchange traded funds that DE belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

DE has underperformed the market in the last year with a price return of +8.4% while the SPY ETF gained +26.1%. However, in the short term, DE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.6% vs +3.9% return in SPY. But in the last 2 weeks, DE shares have been beat by the market, returning -2.4% compared to an SPY return of -1.6%.

DE support price is $428.32 and resistance is $439.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DE shares will trade within this expected range on the day.