Deere Stock Analysis

John Deere Stock: Everything You Need to Know

Overview

Deere & Company (DE) is a leading manufacturer of agricultural, construction, and forestry equipment. The company has a long history of innovation and is known for its high-quality products. Deere's stock is publicly traded on the New York Stock Exchange (NYSE).

Key Stats

* Market Cap: $120 billion * Annual Revenue: $44 billion * Employees: 67,000 * Headquarters: Moline, Illinois

Stock Performance

Deere's stock has performed well in recent years, outperforming the broader market. The company has benefited from strong demand for its products, particularly in the agricultural sector. * 1-Year Return: 20% * 5-Year Return: 100% * 10-Year Return: 250%

Analyst Estimates

Analysts are generally bullish on Deere's stock. The consensus price target is $200, which represents a potential upside of 10% from the current price. * Earnings Per Share (EPS) Estimates * 2023: $20.00 * 2024: $22.00 * 2025: $24.00 * Revenue Estimates * 2023: $46 billion * 2024: $48 billion * 2025: $50 billion

Risks to Consider

* Economic downturn: A recession could lead to a decline in demand for Deere's products. * Currency fluctuations: Deere has a significant amount of international exposure, so currency fluctuations could impact its earnings. * Competition: Deere faces competition from a number of global manufacturers, including Caterpillar and Kubota.

Should You Buy Deere Stock?

Deere's stock is a good option for investors who are looking for a long-term investment in a high-quality company. The company has a strong track record of innovation and is well-positioned to benefit from the growing demand for agricultural equipment.

Conclusion

Deere & Company is a leading manufacturer of agricultural, construction, and forestry equipment. The company's stock has performed well in recent years, and analysts are generally bullish on its future prospects. However, investors should be aware of the risks associated with investing in Deere, including economic downturn, currency fluctuations, and competition.