Latest news with #Deere
Yahoo
11-07-2025
- Business
- Yahoo
Truist Reaffirms Buy on Deere (DE), Cites Brazil Market Expansion
Deere & Company (NYSE:DE) is one of the . On June 16, Truist Securities reaffirmed its $619 price target and Buy rating on Deere & Company (NYSE:DE), pointing to the company's strategic position in Brazil as a major growth opportunity. In order to facilitate the adoption of precision agriculture, Deere & Company (NYSE:DE) has made significant investments in Brazil over the past 25 years by localizing manufacturing and product development while bolstering its dealer network. Through these initiatives, Deere has improved its cost competitiveness in the region and taken the lead in market share in Brazil. Given that market share growth and farmer adoption of Deere's precise technology are positively correlated, Truist believes the company aims to increase its market share in Brazil to equal that of North America. Deere & Company (NYSE:DE) is an American company that manufactures agricultural, heavy, and forestry machinery, diesel engines, heavy equipment drivetrains, and lawn care equipment. The company also provides financial services and engages in other business operations. While we acknowledge the potential of DE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
Deere (DE) Outperforms Broader Market: What You Need to Know
In the latest close session, Deere (DE) was up +1.94% at $519.20. The stock's change was more than the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.09%. Heading into today, shares of the agricultural equipment manufacturer had lost 2.21% over the past month, lagging the Industrial Products sector's gain of 5.67% and the S&P 500's gain of 4.37%. Analysts and investors alike will be keeping a close eye on the performance of Deere in its upcoming earnings disclosure. On that day, Deere is projected to report earnings of $4.6 per share, which would represent a year-over-year decline of 26.87%. Simultaneously, our latest consensus estimate expects the revenue to be $10.21 billion, showing a 10.32% drop compared to the year-ago quarter. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $18.82 per share and a revenue of $38.05 billion, representing changes of -26.54% and -14.99%, respectively, from the prior year. Investors should also note any recent changes to analyst estimates for Deere. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Deere boasts a Zacks Rank of #3 (Hold). From a valuation perspective, Deere is currently exchanging hands at a Forward P/E ratio of 27.06. Its industry sports an average Forward P/E of 21.81, so one might conclude that Deere is trading at a premium comparatively. Investors should also note that DE has a PEG ratio of 3.23 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Manufacturing - Farm Equipment industry was having an average PEG ratio of 3.23. The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 174, positioning it in the bottom 30% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
08-07-2025
- Business
- Yahoo
Is Deere (DE) a Buy as Wall Street Analysts Look Optimistic?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about Deere (DE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Deere currently has an average brokerage recommendation (ABR) of 1.95, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 22 brokerage firms. An ABR of 1.95 approximates between Strong Buy and Buy. Of the 22 recommendations that derive the current ABR, 11 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 50% and 4.6% of all recommendations. Check price target & stock forecast for Deere here>>> While the ABR calls for buying Deere, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision. Although both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether. Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide. On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks. Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Looking at the earnings estimate revisions for Deere, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $18.82. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Deere. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Deere. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Sport
- Yahoo
Rickie Fowler News Emerges Ahead of The Open Championship
Rickie Fowler News Emerges Ahead of The Open Championship originally appeared on Athlon Sports. Rickie Fowler just delivered a clutch performance at the John Deere Classic and it's earned him a golden ticket. A T18 finish locked in his spot for The Open Championship at Royal Portrush, and the timing couldn't be better for the 35-year-old golfer looking to turn a corner in his season. Advertisement Fowler, who chose to play the Deere over the Genesis Scottish Open, admitted earlier this week that his schedule was wide open depending on how things unfolded. 'Play potentially 3M and/or Wyndham,' he said. But now, The Open is officially next on his calendar and a strong showing at Portrush might just solve a lot of problems for the former Honda Classic champ. Rickie Fowler tees off on 18 during the third round of the Memorial Tournament© Adam Cairns/Columbus Dispatch / USA TODAY NETWORK via Imagn Images It's been 608 days since Fowler last hoisted a trophy on the PGA Tour back in July 2023 at the Rocket Mortgage Classic. His form at times has been up and down, but there have been glimpses of vintage Rickie, especially at the Cognizant Classic earlier this year. Competing in his hometown event in Palm Beach Gardens, Fowler birdied the 13th to briefly tie for the lead at 14-under, proving he's still a threat when he gets hot. Now, it's on to Northern Ireland. Advertisement The Open Championship returns to Royal Portrush from July 17–20, bringing the final major of the year to one of the most dramatic courses in the world. With golf's elite gathering overseas, Fowler heads to Portrush not just with momentum but a point to prove. He's played in 12 Open Championships and has three top-10 finishes, including a runner-up in 2014. With another opportunity knocking, Fowler will be hoping his return to links golf brings back the magic. Related: Four PGA Tour Golfer Get Good News Before the ISCO Championship This story was originally reported by Athlon Sports on Jul 8, 2025, where it first appeared.
New Straits Times
06-07-2025
- Sport
- New Straits Times
Thompson grabs lead in repeat bid at PGA's John Deere Classic
WASHINGTON: Defending champion Davis Thompson closed with back-to-back birdies to seize a one-stroke lead after Saturday's third round of the US PGA Tour John Deere Classic. Thompson, trying to become the first back-to-back Deere winner since Steve Stricker took three from 2009-2011, fired a four-under par 67 to stand on 15-under 198 after 54 holes at windy TPC Deere Run in Silvis, Illinois. "Felt good. I was hitting it where I was looking the majority of the day," Thompson said. "It was tricky. The wind made it tough. "I was pretty pleased with how things were going. I just wasn't really scoring well on the front nine but then was able to finish strong. That was nice." The 26-year-old American sank a seven-foot birdie putt at the 14th hole to grab a share of the lead, then kept it with a tap-in birdie putt at the par-five 17th after missing an eight-foot eagle putt. At 18, Thompson landed his approach just outside 10 feet from the hole and rolled in the clutch putt to take the lead alone. "It was nice to make that to get the sole lead," Thompson said. "Birdieing 17 and 18 is always great." Sharing second on 199 were fellow Americans Max Homa, Brian Campbell and David Lipsky plus Argentina's Emiliano Grillo after all shot 68. "It was so windy out there," Homa said. "I was stoked with where my head was at. I did everything I wanted. I could have gotten a little bit angsty and I didn't and that was the key to the round." Thompson, seeking his second PGA title, is ranked 70th on the tour season points list, the final spot to qualify for next month's playoffs. "Hopefully put a good one together tomorrow," Thompson said. "Just be patient and stick to my game plan." World number 99 Homa, a six-time PGA Tour winner with only one top-25 finish this season, sank an eight-foot birdie putt at 17 to join the second-place pack. Grillo sank a 15-foot birdie putt at the par-three 16th and another at 18 from just inside four feet to share second. Campbell closed with back-to-back birdies, the last from 36 feet, to share second while Lipsky's four-foot birdie putt at 17 left him one adrift. There were as many as 10 players sharing the lead at one stretch in the shootout.
