Deere & Company (NYSE:DE) is on track for its eighth consecutive day of gains, rising 0.54% to $395.76 on Monday. Short interest in DE is 0.93% of total float.
The company has lost around 6.42% over the past 12 months and it is down 1.51% year to date.
The stock is 11.5% away from its all-time high of $441.47.
Looking at Seeking Alpha’s Quant Ratings, this Moline, Illinois based company has a Hold rating with a score of 2.98 out of 5. When it comes to Wall Street analysis, 12 out of 28 analysts recommend Hold, 11 rate it as a strong buy, 4 rate it a buy and 1 recommend a sell.
Seeking Alpha analysts have a Hold rating on the company with a score of 3.44 out of 5.
According to SA analyst Khen Elazar, “Deere & Company has demonstrated resilience and strong fundamentals in the industrial sector, making it an attractive investment option.
Sales and EPS growth have been impressive over the past decade, but there are concerns about a possible decline in the medium term.”
DE traded lower following last quarter’s earnings. It is expected to release first-quarter results on Feb. 15, and analysts expect quarterly revenue of $10.33 billion on profit of $5.22 per share.