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?: 🔍
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