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Deere Stock Gallops Toward an All-Time High, but Is It a Buy?

TheMotleyFool

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Deere Stock Gallops Toward an All-Time High, but Is It a Buy?: https://g.foolcdn.com/editorial/images/721443/gettyimages-1263861226.jpg

Deere & Company (NYSE: DE) stock came close to eclipsing its previous all-time high last month after the industrial company reported better-than-expected results for its fiscal 2023 first quarter and raised its guidance for the full fiscal year.

However, the stock has sold off since then along with the broader market. Let's look at the company's most recently reported quarter -- including its balance sheet, dividend, spending, and valuation -- to determine if Deere is a good buy now.

Image source: Getty Images.

Source Fool.com

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