Deere & Company (NYSE:DE) is on track for its eighth consecutive day of gains, up 0.54% at $395.76 on Monday. Short interest on DE stands at 0.93% of total float.
The company has lost about 6.42% over the last 12-months and is down 1.51% YTD.
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 as a Buy and 1 recommends 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 shown resilience and strong fundamentals in the industrial sector, making it an interesting 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 after its last quarter earnings. It is expected to report its Q1 results on the 15th of February and analysts expect quarterly revenue of $10.33B on a profit of $5.22 per share.
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