Is John Deere stock a good buy now? (2024)

Is John Deere stock a good buy now?

The average price target represents 6.93% Increase from the current price of $397.27. What do analysts say about Deere? Deere's analyst rating consensus is a Moderate Buy. This is based on the ratings of 17 Wall Streets Analysts.

What is the outlook for John Deere in 2024?

Company Outlook & Summary

Net income attributable to Deere & Company for fiscal 2024 is forecasted to be in a range of $7.50 billion to $7.75 billion. “Moving forward, we expect fleet replenishment to moderate as agricultural fundamentals normalize from record levels in 2022 and 2023,” May said.

What is the 5 year forecast for Deere stock?

Deere stock price stood at $400.60

According to the latest long-term forecast, Deere price will hit $450 by the middle of 2025 and then $500 by the middle of 2026. Deere will rise to $600 within the year of 2028, $700 in 2029, $800 in 2032 and $900 in 2035.

Is John Deere a good dividend stock?

Deere & Company ( DE ) dividend payments per share are an average of 17.96% over the past 12 months, 20.51% over the past 36 months, 14.19% over the past 60 months, and 10.06% over the past 120 months.

Why is John Deere stock falling?

Deere stock was dropping after the company reported better-than-expected fiscal first-quarter earnings. Guidance, however, was pushing the stock lower. Deere on Thursday announced earnings per share of $6.23 from machinery sales of $10.4 billion.

Is John Deere a good long-term stock?

Even if the agriculture industry is at or near the end of an upswing, Deere remains a solid long-term investment. A perennial leader in its 'field,' the company has persevered through many up and down cycles.

How high will Deere stock go?

Average Price Target

Based on 17 Wall Street analysts offering 12 month price targets for Deere in the last 3 months. The average price target is $421.38 with a high forecast of $494.00 and a low forecast of $365.00. The average price target represents a 2.41% change from the last price of $411.48.

Who owns the most shares of John Deere?

Deere's Largest Shareholder, Bill Gates, Now Owns More Than 10%

Why buy John Deere stock?

Why Invest? We run so life can leap forward. John Deere's path to success is paved by our Smart Industrial strategy and the sustainable outcomes our integrated technology stack provides. Our customers – and key stakeholders – benefit by becoming more productive, more profitable, and more sustainable.

Who owns most Deere stock?

Is John Deere a buy sell or hold?

Deere stock has received a consensus rating of buy. The average rating score is and is based on 50 buy ratings, 25 hold ratings, and 0 sell ratings.

What are the three dividend stocks to buy and hold forever?

What is the best dividend Company of all time?

Some of the greatest dividend stocks on Earth are brand-name, time-tested companies that have been increasing their payouts for decades. Perfect examples include Johnson & Johnson (JNJ 0.67%) and Coca-Cola (KO 0.68%), which have each increased their base annual payouts for 61 consecutive years.

Does Bill Gates own John Deere stock?

There is also an environmental theme that can be found within the portfolio, with top holdings including Ecolab, Waste Management, and John Deere. These are the top 10 stocks held at the Bill and Melinda Gates Foundation at the end of the fourth quarter.

Is John Deere in financial trouble?

Agricultural and construction equipment maker Deere exceeded profit and sales forecasts for its first quarter of fiscal 2024, though its revenue fell 8% from a year earlier. The company lowered its full-year guidance in anticipation of customers holding off on replenishing their fleets.

How much Deere stock does Bill Gates own?

Which stock is better John Deere or Caterpillar?

Deere shares are up 5% over the last three months and down 4% over the last 12 months. Meanwhile, Caterpillar stock has soared 38% over the last three months, pulling its one-year return into the green at 33%. After Caterpillar's sizable rally over the last few months, it's trading at a significant premium to Deere.

How much John Deere stock does Warren Buffett own?

Deere & Co.

Berkshire now holds 22.9 million shares, or 7.2% of the company. But if Buffett liked the stock last quarter, he should have loved it by mid January, when the price hit a 3 1/2-year low of $70.16.

What is the future of John Deere?

A semi-autonomous tractor equipped with an integrated crop sprayer is also on the radar for John Deere's future. This tractor would include a built-in camera to work in row crops. User exposure to pesticides will be reduced with the fully automatic filling station used to fill the sprayer tank.

What is the highest John Deere stock ever?

Historical daily share price chart and data for Deere since 1972 adjusted for splits and dividends. The latest closing stock price for Deere as of April 17, 2024 is 396.88. The all-time high Deere stock closing price was 441.55 on July 25, 2023.

How often does John Deere pay dividends?

When has Deere stock split?

Deere & Company stock (symbol: DE) underwent a total of 4 stock splits. The most recent stock split occured on December 4th, 2007. One DE share bought prior to September 22nd, 1972 would equal to 24 DE shares today.

Which Company is bigger John Deere or Caterpillar?

Caterpillar is notably bigger than Deere.

What Company did John Deere buy out?

This transaction was announced in December 2021 and is now complete, following regulatory approval. Kreisel Electric (www.Kreiselelectric.com) is based in Rainbach im Mühlkreis, Austria. The company was founded in 2014 and has approximately 180 full-time employees.

What Company did John Deere just buy?

MOLINE, Illinois (July 14, 2023) — Deere & Company (NYSE: DE) has acquired Smart Apply, Inc., a precision spraying equipment company based in Indianapolis, Indiana.