#2 - Deere & Co. (NYSE:DE)
The next stock on our list is Deere & Company (NYSE:DE). The company has some exposure to Russia which caused the stock to drop at the immediate onset of the war. However, DE stock quickly jumped as high as 30%. And a pullback of 16% may be giving investors a second bite at this stock.
The bullish case for Deere is that their signature green and yellow equipment are no longer just beasts of burden. The products feature advanced technologies and features that are helping to enhance productivity and sustainability. And as demand for food and efficient water use remains elevated, Deere will have a long runway for growth. This may be a key reason that analysts tracked by MarketBeat give DE stock a 21% upside.
The stock itself has an attractive valuation and the company is projected to grow both revenue and earnings over the next five years. Deere also has an attractive dividend that currently pays out $4.20 annually.
About Deere & Company
Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.
Read More - Current Price
- $459.55
- Consensus Rating
- Hold
- Ratings Breakdown
- 9 Buy Ratings, 11 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $442.83 (3.6% Downside)
