Dec 16, 2024
 in 
Hot Stocks 🔥

Why Is Deere & Company Attracting Investors? | Nemo

Name of opportunity: 👀

Deere & Company

Performing well 👍

Deere & Company is a leading agricultural equipment manufacturer that is currently rising in price. This could be to do with its new product launch and recent financial performance.

Deere & Company is an income stock, meaning it pays out a portion of its profits to shareholders through dividends. The company’s dividend yield is 1.39%. If you invested $1000, you might be paid $13.90 a year in dividends (based on the last 12 months).

Deere & Company stock is up 16.09% in the past 6 months, and is up 0.22% in the past day, analysts are calling this stock a ‘buy’.

How hot is this investment opportunity? 🔥🔥🔥

Analysts predict the price of Deere & Company might increase from $440.44 to $469.38 in the next 12 months. If you invested $1000, you might profit $65.71.

One reason why Deere & Company is going up in price might be because of their current financial performance, which has been described as robust. The EPS projections for fiscal year 2025 currently stand at $18-20, with some analysts predicting a higher number of $24.95. However, a slight decline is also expected, due to the cyclical nature of the markets.

Another reason why Deere & Company has attracted investors might be because of their new product launch. Deere & Company, also known as John Deere, have just unveiled its new utility vehicle, diesel Gator XUV 875M. A new product launch can be a positive sentiment for a company, which in turn attracts investors. This new vehicle is designed to increase productivity and comfort, with key features such as a 454kg cargo box capacity, and a 22.8hp engine.  

While it’s aimed at the agricultural market, utility vehicles and off-road vehicles are also popular choices for leisure purposes too, with drivers striking out on an adventure over rough terrain. 

Leader in agricultural machinery 🚜

Deere & Company (John Deere) is an American agricultural machinery manufacturer that specialises in forest machinery, heavy equipment, and diesel engines. The company is headquartered in Moline, Illinois, United States. 

Which neme?: 🔍

AgriTech Revolution’.

Download Nemo Money to check out Deere & Company. New users can grab our registration bonus up to a maximum of $50. Top up your account and get 50% extra from us. Terms and conditions apply.

Han Tan

Han Tan is Chief Market Analyst at Nemo.money, bringing over a decade of experience in financial markets as both a seasoned journalist and analyst. Known for his sharp insights into stocks, currencies, and commodities, Han has become a familiar face to national audiences through appearances on Bloomberg TV Malaysia, BFM 89.9, and NTV7 — earning him a trusted reputation in financial media. Before joining Nemo, Han served as Market Analyst at Exinity Group from 2019, where his commentary on macroeconomic trends and market-moving news was regularly featured by global outlets including Reuters, Bloomberg, CNN, BBC, and AFP. Today, Han brings that same clarity and depth to Nemo’s community, delivering content-led ideas that empower first-time investors to confidently navigate global markets.