Should I buy shares of Deere & Company after the results of the fourth quarter? Por Invezz.com


Should I buy shares of Deere & Company after the results of the fourth quarter?

Invezz.com – Shares of Deere (NYSE:) & Company (NYSE: DE ) have advanced more than 25% since the beginning of October 2022; the company reported a fourth trimester better than expected this Wednesday, y espera ver tendencies solidas en el año fiscal 2023.

Deere expects strong trends in fiscal year 2023

Deere & Company fabrica varios equipos en todo el mundo y opera través de tres segments: agricultura y cásfer, construcción y silvicultura, y servicios financiers.

Deere’s shares have moved in a bullish trend during the last few commercial weeks, and the company’s business has shown to be stable during the fourth fiscal quarter.

Deere & Company reported results of the quarter fiscal quarter better than expected this week; los ingresos totales aumentaron un 39.6% interanual hasta los 14,350 milliones de dolares, while EPS GAAP fue de 7.44 dolares (superior en 0.34 dolares).

Las ganancias de la compañía de grandes equipos agrículos se duplicaron con creces; even so, it is important to note that sales and quarterly profits also increased due to the increase in prices and major shipments of products as the bottlenecks in the parts supply chain eased.

Los ingresos totales aumentaron por encima de las expectations (+890 million), and John C. May, executive director of the company, said that he expects another solid year in 2023 based on positive agricultural fundamentals and fleet dynamics, as well as a major investment en infrastructure. John C. Mayo added:

Se espera que estos factors respalden una demanda saludable de nuestros equipos. At the same time, we trust in the intelligent industrial operating model and in our capacity to offer solutions that help our clients to be more profitable, productive and sustainable.

The business of Deere continues to grow and the company once again demonstrated the capacity to achieve excellent results, even in difficult times.

A pesar de est, los inversionistas potenciales deben tener en cuenta que con una market capitalización de $132 mil miliones de dolares, Deere no es económico y existen mejores oportunidades de inversión en este momento.

According to the price/sales ratio (capitalization of market/income), Deere shares are quoted at 2.75, which is superior to the price/sales ratio of Caterpillar Inc (NYSE: NYSE: ), que cotiza a un P/S de 2.28.

La profitability por dividendo actual del 1% also doesn’t seem attractive in the actual economic situation, en la que la Reserva Federal de EE. U U. sigue actuando de forma agresiva.

The shares of Deere continue to quote close to historical highs, the accounting value per share is around $67 dollars and it is the stock market of the EE.UU. entra en una fase de corrección más significativa, el precio de las acciones podría estar en nivels mucho más banjos.

Los toros controlan el movimiento de precios

The price of Deere shares has been rising during the last few weeks and, for now, the bulls are controlling the price movement.

From a technical point of view, Deere’s shares could advance above current price levels in December 2022, especially if the Federal Reserve hints at a deceleration in the rate hike rate. Still, los inversores potenciales deben tener en cuenta que, al precio actual, las acciones de Deere no son económicas.

Fuente de datos: tradingview.com

The strongest level of support is at $400 dollars, and if the price falls below this level, the next target could be $350 dollars.

Summary

Deere & Company reported a quarter better than expected this Wednesday, and expects solid trends in fiscal year 2023. las acciones de Deere no son económicas al precio actual.

La noticia ¿Debo comprar shares de Deere & Company después de los resultados del cuarto trimester? apareció primero en Invezz.

This article was originally published by Invezz.com

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