Deere & Company manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company was founded in 1837 and is based in Moline, Illinois.
DE Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Deere & Co. To summarize, we found that Deere & Co ranked in the 58th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 68.17%. The most interesting components of our discounted cash flow analysis for Deere & Co ended up being:
Deere & Co's weighted average cost of capital (WACC) is 7%; for context, that number is higher than merely 5.97% of tickers in our DCF set.
Relative to other stocks in its sector (Industrials), Deere & Co has a reliance on debt greater than 66.53% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as DE, try IESC, USAK, SNA, KSU, and CODI.
Deere (DE +1.1%) is planning an expansion in Australia and New Zealand, a region in which it's already the agriculture leader. But the move will help it look to take share in a construction sector dominated by Caterpillar (CAT -0.1%), as well as expand in precision agriculture, a key area...
Deere & Company ([[DE]] +1.9%) completes acquisition of Unimil, a leading Brazilian company in the aftermarket service parts business for sugarcane harvesters.In October 2019, the company committed to the sugarcane business in Brazil and helping customers reduce their sugarcane production costs."Unimil will help John Deere deliver a bold evolution of our business, reshaping...
Agricultural machinery maker Deere & Company (NYSE: DE ) reported fiscal third-quarter results that prompted some analysts to turn more positive on the stock. Deere reported earnings of $2.57 per share, which beat the analyst consensus estimate of $1.26. The company reported third-quarter worldwide net sales and revenues came in at $8.925 billion versus $6.70 billion estimate. The company also raised its fiscal 2020 net income guidance from $1.6 billion to $2 billion to $4.25 billion BMO analyst Joel Tiss maintains an Outperform rating on Deere with a $235 price target. Morgan Stanley analyst Courtney Yakavonis maintains an Overweight rating on Deere with a price target lifted from $181 to $247. BofA Securities analyst Ross Gilardi upgraded Deere from Neutral to Buy with a price target ...