Zacks.com users have recently been watching Deere (DE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Deere unveiled robotic tractors for four market segments at the CES 2025 technology trade show on Monday. The post Deere Tackles Labor Shortages With Autonomous Tractors appeared first on Investor's Business Daily.
John Deere has revealed a new line of autonomous machines and tech across agriculture, construction and commercial landscaping.
Recently, Zacks.com users have been paying close attention to Deere (DE). This makes it worthwhile to examine what the stock has in store.
Deere faces sales declines due to weak crop prices, but strong margin protection and operational excellence support a 'Buy' rating. Despite a challenging 2025 outlook, DE's structural improvements and cash flow generation position it well for a potential market rebound. Long-term growth prospects are bolstered by precision agriculture technologies and potential benefits from infrastructure investments.
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Recently, Zacks.com users have been paying close attention to Deere (DE). This makes it worthwhile to examine what the stock has in store.
Deere & Company DE is currently trading at a forward 12-month earnings multiple of 22.42X, at a 12% premium to the farm equipment manufacturing industry's 20.0X. It is also higher than DE's five-year median of 15.65X.
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.
After going practically nowhere for more than three years, shares of Deere (DE -0.63%) finally blasted to a new all-time high on Nov. 25 after the company reported its fiscal fourth-quarter and 2024 results (for the periods ended Oct. 27). But Deere's net income fell by more than 30% in fiscal 2024, and management is projecting even lower earnings in fiscal 2025.
Deere & Company reported good results last week, to which the market reacted positively. The stock is currently hovering around all-time highs. The company is still going through a downcycle, but there's no denying it's becoming a structurally better business. We go over the valuation to show that Deere might be trading at a reasonable valuation despite the recent run.
Zacks.com users have recently been watching Deere (DE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.