Target Review on Shares of Deere & Company (NYSE:DE)

Zooming in on shares of Deere & Company (NYSE:DE), we note that the average target price is presently $176.77. This is the consensus target based on projections provided by the covering analysts polled. Wall Street analysts have the ability to provide price target predictions for stocks that they cover.  Price target estimates can be calculated using various methods.  Many investors will track stock target prices, especially when analysts make changes to the projections. A good research report will generally give detailed reasoning for a specific target price estimate. Some investors may follow analyst targets very closely and use the information to complement their own stock research.

Investors are always looking for any little advantage when trading the stock market. Scouring all the various data regarding publically traded companies can be overwhelming at times. Once the investor becomes familiar with the basics, they may be able to dive in deeper and focus on the essentials. Creating a winning strategy may not occur overnight. There may be times when even the best crafted plan does not play out as expected. Being flexible and having the proper tools in place can help the investor see the clearer picture when markets get muddy.

Checking in on stock price activity for Deere & Company (NYSE:DE), we have recently seen shares trading near the $157.41 mark. Investors will often track the current stock price in relation to its 52-week high and low levels. The 52-week high is currently $171.49, and the 52-week low is presently $130.56. When the current stock price is trading close to either the 52-week high or 52-week low, investors may pay closer attention to see if there will be a breakthrough that level. Over the past 12 weeks, the stock has seen a change of 17.57%. Going back to the start of the calendar year, we can see that shares have moved 5.52%. Pulling the focus closer to the past 4 weeks, shares have seen a change of 7.76%. Over the past 5 trading days, the stock has moved 2%.

Taking a quick look at analyst opinions, we can see that the current average broker recommendation on shares of Deere & Company (NYSE:DE) is presently 1.65. Out of the covering analysts polled by Zacks Research, 9 have put a Strong Buy or Buy rating on the stock. 

As earnings season comes into focus, investors will be closely tracking sell-side estimates. According to analysts polled by Zacks Research, the current quarter EPS consensus estimate is currently sitting at 1.8 for shares of Deere & Company (NYSE:DE). The number consists of estimates provided by 8 contributing analysts. For the last reporting period, the company posted a quarterly EPS of 2.3. The consensus estimate for last quarter before the earnings report was 2.44. Looking out further to the next quarter EPS estimate, the consensus is currently resting at 3.62. This consensus estimate includes 8 analysts taken into consideration by Zacks. Shifting the focus to the current fiscal year EPS estimate, the number is currently 9.52. Widening the gaze to the next fiscal year, we can see that the consensus EPS estimate is presently 11.44.

When the stock market starts to get volatile, investors might start getting worried about their investments. The natural response is to do something about it and take some action. Sometimes this may be necessary, but sometimes the best way to deal with volatility may be to wait it out and stay the course. It can be scary to watch the portfolio decline, and nobody wants to see their stocks taking a nosedive. Although there is no foolproof strategy to ride out market downturns, investors often agree that having a diversified stock portfolio may be the most logical defense.

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