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Why NYSE:DE qualifies as a high growth stock.

By Mill Chart

Last update: Aug 15, 2023

In this article we will dive into DEERE & CO (NYSE:DE) as a possible candidate for growth investing. Investors should always do their own research, but we noticed DEERE & CO showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

What matters for canslim investors.

  • The earnings per share (EPS) of DEERE & CO have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 41.7% increase. This reflects the company's ability to improve its profitability over time.
  • DEERE & CO has achieved significant quarter-to-quarter (Q2Q) revenue growth of 33.3%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
  • DEERE & CO has experienced 33.03% growth in EPS over a 3-year period, demonstrating its ability to generate sustained and positive earnings momentum.
  • With a solid Return on Equity (ROE) of 39.96%, DEERE & CO exemplifies its ability to generate favorable returns on shareholder investments. This metric demonstrates the company's commitment to maximizing shareholder value.
  • DEERE & CO has exhibited strong Relative Strength(RS) in recent periods, with a current 88.86 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. DEERE & CO shows promising potential for continued price momentum.
  • With a Debt-to-Equity ratio at 1.59, DEERE & CO showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
  • With institutional shareholders at 71.67%, DEERE & CO demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

What is the technical picture of NYSE:DE telling us.

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

We assign a technical rating of 8 out of 10 to DE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DE is only an average performer.

  • The long and short term trends are both positive. This is looking good!
  • DE is part of the Machinery industry. There are 134 other stocks in this industry. DE outperforms 70% of them.
  • DE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DE is performing more or less in line with the market.
  • In the last month DE has a been trading in the 420.74 - 450.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
  • Looking at the yearly performance, DE did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

For an up to date full technical analysis you can check the technical report of DE

Fundamental analysis of NYSE:DE

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple fundamental indicators and properties.

Overall DE gets a fundamental rating of 6 out of 10. We evaluated DE against 134 industry peers in the Machinery industry. While DE belongs to the best of the industry regarding profitability, there are concerns on its financial health. DE has a correct valuation and a medium growth rate.

Our latest full fundamental report of DE contains the most current fundamental analsysis.

Our CANSLIM screen will find you more ideas suited for growth investing.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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DEERE & CO

NYSE:DE (5/17/2024, 7:04:00 PM)

After market: 396.81 -0.21 (-0.05%)

397.02

+2.59 (+0.66%)

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