Is Deere a good long term investment? (2024)

Is Deere a good long term investment?

Valuation metrics show that Deere & Company may be fairly valued. Its Value Score of C indicates it would be a neutral pick for value investors. The financial health and growth prospects of DE, demonstrate its potential to perform inline with the market. It currently has a Growth Score of D.

Is John Deere a good long term stock?

DE boasts a Value Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Deere are trading at a forward earnings multiple of 11.8X, as well as a PEG Ratio of 0.9, a Price/Cash Flow ratio of 13.3X, and a Price/Sales ratio of 1.9X.

Is Deere & Co a good buy?

The stock seems fairly valued at the moment according to our valuation model. It's trading around 4.24% above our intrinsic value, which means if you buy Deere today, you'd be paying a relatively fair price for it.

Is TSCO a good long term investment?

Tractor Supply's Earnings Per Share Are Growing

That means EPS growth is considered a real positive by most successful long-term investors. Shareholders will be happy to know that Tractor Supply's EPS has grown 17% each year, compound, over three years.

Does Warren Buffett own John Deere?

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.

Why do people still buy John Deere?

Take Advantage of Cutting-Edge Technology. John Deere is known for its innovation. Since 1837, for example, the company has designed almost 700 different tractors! John Deere is continually working to make its products better for customers.

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.

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.

Is John Deere a buy sell or hold?

Is Deere stock 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 is the 5 year forecast for Deere stock?

Deere stock price stood at $397.27

According to the latest long-term forecast, Deere price will hit $400 by the middle of 2024 and then $450 by the middle of 2025. Deere will rise to $500 within the year of 2026, $600 in 2028, $700 in 2030, $800 in 2033 and $900 in 2035.

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Does Bill Gates own John Deere?

Microsoft Corp (MSFT. O) co-founder Bill Gates' investment vehicle Cascade Investment LLC has become the largest shareholder in farm machinery maker Deere & Co (DE. N), with a 5% stake, according to a regulatory filing.

How much Deere stock does Bill Gates own?

Is John Deere in debt?

Total debt on the balance sheet as of January 2024 : $63.45 B. According to Deere & Company's latest financial reports the company's total debt is $63.45 B. A company's total debt is the sum of all current and non-current debts.

Is John Deere worth the extra money?

A John Deere tractor is known to hold its value better than any other brand. It doesn't depreciate as quickly as any other brand so your resale price doesn't fall far from the original price. The decision to invest in a compact tractor is something that not only affects you now but for years to come.

Is John Deere still American owned?

Deere & Company, doing business as John Deere (/ˈdʒɒnˈdɪər/), is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment.

Who took over John Deere?

The second son of John Deere, Charles Deere, took over leadership in 1886 before his father's passing that same year.

Who owns the most shares of John Deere?

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

What is the future of John Deere stock?

Deere Future Growth

Deere's revenue and earnings are forecast to decline at 8.2% and 7.6% per annum respectively. EPS is expected to decline by 4.7% per annum. Return on equity is forecast to be 29.4% in 3 years.

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.

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Why is John Deere stock doing so well?

The good news is that Deere is growing revenues, and EBIT margins improved by 5.2 percentage points to 25%, over the last year. Both of which are great metrics to check off for potential growth. The chart below shows how the company's bottom and top lines have progressed over time.

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 -0.85%) and Coca-Cola (KO -1.30%), which have each increased their base annual payouts for 61 consecutive years.