Summary
This prediction ended on 23.02.21 with a price of €276.25. The BUY prediction by Traumtanz finished with a performance of 1.92%. Traumtanz has 80% into this predictionDeere and Company (DE) is an American multinational corporation that manufactures agricultural, construction, and forestry equipment. Founded in 1837, the company has expanded its operations and now sells its products in more than 110 countries, employing over 73,000 people worldwide. Deere and Company's portfolio includes iconic brands such as John Deere, Wirtgen, and Terramite, and it generated revenues of $35.5 billion in 2019. The company is listed on the New York Stock Exchange (NYSE) and is a constituent of the S 500 index.
Performance without dividends (%)
| Name | 1w | 1m | 1y | 3y |
|---|---|---|---|---|
| Deere Co. | 1.680% | 1.680% | -7.110% | 7.212% |
| iShares Core DAX® | 2.147% | 2.681% | 17.410% | 16.694% |
| iShares Nasdaq 100 | -0.578% | -0.816% | 24.107% | 34.957% |
| iShares Nikkei 225® | 0.635% | 3.079% | 16.921% | 11.023% |
| iShares S&P 500 | 0.746% | 0.171% | 23.802% | 37.315% |
According to Traumtanz what are the pros and cons of Deere Co. for the foreseeable future?
Pros
Cons
Revenue decline/stagnation expected
EBIT decline/stagnation expected
Lower EBIT Margin than peer group
High valuation
Low dividend yield expected
negative Cash Flow expected
Bad rating
Little Investments for future growth
Risky balance sheet
ROE lower than 10% per year
Increased challenges to pay loans and raise capital
Below average Management
Bad culture
Little innovation
Few uniques
Dependend from some customers or products
Growths slower than the competition
Sustainability is little important
high free float
Higher risks for its business
Below average Marketposition
Significant cyclical dependencies
Little known brand
Business model of the past or high risk
Probably not worthwhile Investment
Comments by Traumtanz for this prediction
In the thread Deere Co. diskutieren
Buy mit Kursziel 300,0
Shares of Deere & Co. DE, 4.63% jumped 3.5% in premarket trading Friday, after the construction, agriculture and turf care equipment maker reported big profit and revenue beats for the fiscal first quarter, citing "improving conditions" in the farm and construction sectors, and provided an upbeat full-year outlook. Net income for the quarter to Jan. 31 more than doubled to $1.22 billion, or $3.87 a share, from $517 million, or $1.63 a share, in the year-ago period. The FactSet consensus for earnings per share was $2.16. Revenue rose 19%, to $9.11 billion from $7.63 billion, while the FactSet consensus was for a decline to $7.21 billion. Production and precision agriculture sales rose 22% to $3.07 billion, small agriculture and turf sales grew 27% to $2.52 billion and construction and forestry sales increased 21% to $2.47 billion. The FactSet consensus was for combined agriculture and turf sales of $5.13 billion and construction and forestry sales of $2.13 billion. For fiscal 2021, the company expects construction and forestry sales of $10.5 billion to $11.00 billion, above the FactSet consensus of $9.7 billion. Production and precision ag sales are expected to be $15.5 billion to $16.5 billion and small ag and turf sales are seen at $10.5 billion to $11.5 billion, while total ag and turf sales are expected at $25.4 billion. The stock has rallied 17.5% over the past three months through Thursday, while the S&P 500 SPX, 0.22% has gained 9.3%. (MarketWatch)