Strength Seen in Deere & Company (DE): Stock Soars 13.4%

By | August 23, 2016

Deere & Company DE was a big mover last session, as the company saw its shares rise over 13% on the day. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $ 76.94 to $ 82.81 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Deere and Company has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Another better-ranked stock in the same industry is Berry Plastics Group, Inc. BERY sporting a Zacks Rank #1 (Strong Buy).

Is DE going up? Or down? Predict to see what others think: Up or Down

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DEERE & CO (DE): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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