Deere's most recent trend suggests a bullish bias. One trading opportunity on Deere is a Bull Put Spread using a strike $162.50 short put and a strike $157.50 long put offers a potential 36.99% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $162.50 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock dropped below the $157.50 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Deere is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Deere is bearish.
The RSI indicator is at 51.33 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Deere
Most Analysts Upwardly Revise Deere’s Target Price
Thu, 22 Feb 2018 14:06:50 +0000
Recommendations for Deere & Company (DE) following its fiscal 1Q18 earnings haven’t changed. The new target price implies a return potential of 11.8% compared to DE’s closing price on February 20, 2018.
Deere’s Construction & Forestry Revenue Rises but Margins Dip
Thu, 22 Feb 2018 12:39:22 +0000
In fiscal 1Q18, Deere & Company’s (DE) Construction & Forestry segment reported revenue of $1.7 billion, a 57.4% rise compared to its fiscal 1Q17 revenue of $1.1 billion. The segment’s revenue growth was mainly the result of the company’s acquisition of Wirtgen Group. The Construction & Forestry segment reported an operating profit of $32.0 million in fiscal 1Q18, a fall of 13.5% from its fiscal 1Q17 operating profit of $37 million.
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Wed, 21 Feb 2018 22:20:10 +0000
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DE’s Agriculture & Turf Revenue Reverses the Trend in Fiscal 1Q18
Wed, 21 Feb 2018 19:05:02 +0000
Deere & Company’s (DE) Agriculture & Turf segment is its largest revenue generator. In the past four years, this is the first time that the segment’s first-quarter revenue has shown growth—a welcome sign for Deere. The segment’s revenue growth was primarily driven by higher shipment volumes.
Deere’s Fiscal 1Q18 Revenue Rises but Falls Short of Estimates
Wed, 21 Feb 2018 17:35:02 +0000
In fiscal 1Q18, Deere & Company (DE) reported total revenue of $6.9 billion inclusive of financial services and other revenue, implying a 23.0% rise over 1Q17, in which it reported revenue of $5.6 billion. Deere’s revenue growth was primarily driven by higher growth in the United States and Canada, which saw combined sales growth of 24%. The other major contribution came from the company’s acquisition of Wirtgen Group.
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