#2 - Deere & Co. (NYSE:DE)
Deere & Co. (NYSE: DE) - The parent company of the iconic John Deere brand has been caught in the roller coaster of the ongoing trade war. In the past 12 months, the stock has been trading in a broad range but has seemed to find resistance right around the $165 per share mark – which is right about where it’s at right now. The reason to consider jumping into this stock right now comes down to one-word …earnings. The company is expected to release solid second-quarter earnings that will be on both the top and bottom lines. The outlook for the full year also shows growth in revenue and earnings per share. More importantly, it appears that analysts’ recommendations for the stock have become more favorable which means it’s likely that the big money will start to flow into this stock. Should the trade war with China escalate, or even if there is a prolonged stalemate, could provide downward pressure, but for now it’s looking like a great time to own this American company.
About Deere & Company
Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.
Read More - Current Price
- $462.23
- Consensus Rating
- Hold
- Ratings Breakdown
- 9 Buy Ratings, 13 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $433.00 (6.3% Downside)
