How and Why Deere & Company Stock Crushed It in November
Agricultural equipment manufacturer Deere & Company (NYSE: DE) soared 12.8% in November on the back of a strong set of fourth-quarter earnings and a positive outlook for 2018. It's been a difficult few years for the company but 2017 marked the passing of a trough in revenue and earnings and Deere looks set for an upswing in the agricultural machinery cycle.
Deere is starting to see order growth for its large equipment machinery. Image source: © Deere & Company.
Here's a quick recap of the full-year earnings compared to the full-year guidance given on the third-quarter earnings call alongside the formal guidance for full-year 2018.
Source: Fool.com
Deere Co. Stock
€343.10
-0.520%
Deere Co. is currently one of the favorites of our community with 18 Buy predictions and no Sell predictions.
As a result the target price of 408 € shows a slightly positive potential of 18.92% compared to the current price of 343.1 € for Deere Co..
