Deere & Company (DE) has been under a strong bear grip, hence the stock is down -5.6% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.38% in the past 1 week. The stock has risen by 0.81% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.25% in the past 4 weeks.
Deere & Company (NYSE:DE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.07 and $77.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.34, notching a gain of 0.77% for the day. The total traded volume was 2,460,102 . The stock had closed at $77.74 on the previous day.
The stock has recorded a 20-day Moving Average of 2.64% and the 50-Day Moving Average is 4.35%. Deere & Company has dropped 3.1% during the last 3-month period . Year-to-Date the stock performance stands at 4.26%.
Deere & Company (DE) : The highest short term price target forecast on Deere & Company (DE) is $96 and the lowest target price is $63. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $76.17 with a standard deviation of $8.92.
Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Companys agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Companys construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The Companys financial services segment primarily provides credit services, which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.