#1 - Deere & Co. (NYSE:DE)
Deere & Co. (NYSE: DE) - A year ago, analysts were sour on Deere's prospects. After all, the farm machinery manufacturer was expected to be one of the higher profile victims of the tariff dispute between the United States and China. Deere was expected to suffer on both sides of the trade war. Not only would their raw materials cost increase, but they looked to lose sales to China. But, at least for now, those concerns seem to be overstated. In their most recent earnings report, they posted earnings per share (EPS) of $2.59 that missed expectations but was higher than the number in the prior twelve-month period ($1.97). And the company also posted a 36% increase in net equipment sales. Going forward the company is projecting modest sales growth (7% in 2019; 4% in 2020) that should set them up for a 22% increase in profits in 2019 and a 12% profit bump in 2020. Among other blue-chip stocks, Deere has a small dividend yield of 1.8%.
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
- $439.20
- Consensus Rating
- Hold
- Ratings Breakdown
- 8 Buy Ratings, 12 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $420.69 (4.2% Downside)
