WallStreetZenWallStreetZen

How to Buy Deere & Co Stock

Deere & Co

Deere & Co is a agriculture company located in Illinois, United States, which is part of the Industrials sector, and is traded under the ticker DE on the NYSE exchange.

Deere & Co stock last closed at $378.17, up 0.83% from the previous day, and has decreased 7.81% in one year. It has underperformed other stocks in the Farm & Heavy Construction Machinery industry by 0.1 percentage points. Deere & Co stock is currently +7.08% from its 52-week low of $353.15, and -15.96% from its 52-week high of $450.00.

There are currently 275.57M DE shares outstanding. The market value of DE is $104.21B. In the last 24 hours, 1.3M DE shares were traded.

How to Buy Deere & Co Stock

Not sure how to invest in Deere & Co stock? Here's how.
  1. Decide where to buy Deere & Co stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Deere & Co stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your investment account: Choose your method of payment and add your details.
  4. Research Deere & Co stock: The Deere & Co ticker symbol is DE. Is Deere & Co stock a good investment? Should you buy shares of DE? How do DE's underlying business fundamentals look? Do top analysts think Deere & Co is a good buy? Why has DE's stock price moved recently? (Hint: Our stock market research website can help you evaluate if DE is a good stock to buy).
  5. Make your DE buy order: Decide if you will purchase DE shares at the current market price or use a limit order to purchase DE shares at a particular price.
  6. Get the latest scoop on your DE investment: Create a watchlist to important updates regarding your position in Deere & Co shares.

Step 1: Decide where to buy Deere & Co stock

You need a brokerage account to access the NYSE market and buy DE shares.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

Based on our experience, eToro is the best brokerage. eToro gives you:

  • Invest in stocks with 0% commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
  • Access to world financial markets: From Tech to Utilities, New York to Shanghai — you can fill your portfolio with stocks from the world's leading stock exchanges.
  • Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other financial assets: Such as ETFs and cryptos.

Get $10 towards your share purchase by signing up for an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Open your brokerage account

Now that you've chosen the best brokerage, you'll need to fill out some personal details so you can buy DE stock today.

How to Start a New Investment Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Enter your personal data to create your new brokerage account.
  1. Submit your details by hitting the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Fund your investment account

Now that you have created your account on the stock trading app, you can securely and quickly fund your account:

Watch this video walkthrough to see the process of depositing funds into your new investment account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Deere & Co stock

Once you have selected the best place to buy Deere & Co stock, it's critical to research their stock prior to investing, so you actually wrap your head around the risk and upside.

Deere & Co quick stats

DE Price
$378.17
1w %
-0.28%
1y %
-7.81%
5y %
126.61%
P/E
11.33x
P/B
4.59x
P/S
1.79x
PEG
N/A
Revenue
$58.63B
Earnings
$9.47B
Fore. Rev. Growth
-7.69%
Fore. Earn. Growth
-6.28%
Market Cap
$104.21B
Next Earnings
Aug 16, 2024
Next Dividend
Aug 8, 2024

DE Zen Score

WallStreetZen was built to help average investors do more accurate fundamental analysis quickly.

You can see all of the due diligence checks on DE's stock page.

Is DE stock undervalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge DE's true value.

Using relative valuations measures:

  • DE may be undervalued based on its P/E ratio of 11.33x, relative to Farm & Heavy Construction Machinery industry P/E ratio of 12.44x
  • DE could be overvalued based on its P/B ratio of 4.59x, relative to Farm & Heavy Construction Machinery industry P/B ratio of 4.45x

You can do additional valuation research on DE's stock here.

Is DE a healthy company?

Passed Health Checks:

  • Total DE debt is lower than 5 years ago, relative to shareholder equity.
  • DE profit margin has gone up from 15% to 16.1% in the past year.

Failed Health Checks:

  • DE earnings of $15.07B is not sufficient to cover its interest payments.
  • DE's operating cash flow of $9.68B allows it to safely service it's debt of $65.64B.
  • DE has a relatively high debt to equity ratio of 3.65.

Is DE stock a Buy, Hold, or Sell, according to analysts?

Out of 11 Equities analysts who monitor DE, the consensus analyst rating on Deere & Co is a Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.

Most Recent DE Analyst Forecasts

Jamie Cook, a top 19% analyst from Truist Securities initiates coverage on DE with a strong buy rating and announces their DE price target of $494.00, on Mar 14, 2024.

Truist Securities's Jamie Cook initiated their coverage on Deere & Co (NYSE: DE) with a Strong Buy rating and a $494 price target.

"Deere & Co is one of the best-run industrial machinery companies with a growing technology story and earnings stream," the analyst told investors.

The company continues to improve through-cycle margins, returns, and cash flow, Cook said, adding that "there is more opportunity ahead to outpace peers."

The impending 2024 farm equipment downturn will prove that Deere & Co's earnings and margins are structurally stronger and more resilient, the analyst predicted.

David Raso, a top 17% analyst from Evercore ISI Group maintains DE with a hold rating and raises their DE price target from $381.00 to $387.00, on Feb 20, 2024.

Nicole Deblase, a top 4% analyst from Deutsche Bank maintains DE with a hold rating and lowers their DE price target from $425.00 to $401.00, on Feb 16, 2024.

Seth Weber, a top 16% analyst from Wells Fargo maintains DE with a strong buy rating and lowers their DE price target from $445.00 to $425.00, on Feb 16, 2024.

Timothy Thein, a top 7% analyst from Citigroup maintains DE with a strong buy rating and lowers their DE price target from $450.00 to $435.00, on Feb 16, 2024.

You can dig deeper into what analysts are saying on the Deere & Co stock forecast page.

Metrics for Advanced DE Traders

SMA10
375.62
SMA20
372.84
SMA50
387.88
SMA100
386.4
SMA200
384.69
MACD
-2.58
MACD Signal
-4.41
MACD Histogram
1.83
RSI
48.53
Stochastic %K
69.82
Stochastic %D
79.9
StochRSI %K
76.49
StochRSI %D
86.13

DE Performance Metrics

Last year, DE earnings were $9.47B. Over the past five year, DE's earnings have gone up by 26.26% per year. This was faster than the Farm & Heavy Construction Machinery industry average of 20.27%.

Last year, DE revenue was $58.63B. Over the last five year, DE's revenue has grown by 8.47% per year. This was faster than the Farm & Heavy Construction Machinery industry average of 5.85%.

You can analyze DE's earnings and revenue performance here.

What are DE insiders up to?

In the past year, insiders at DE have sold more shares than they have bought.

Jahmy J. Hindman, Sr VP Chief Technology Offcr of DE, was the latest DE insider to sell. They sold $64,083.96 worth of DE shares on Jun 1, 2024.

Learn more about who owns DE shares here.

Does DE provide a stable income stream?

Deere & Co pays a dividend of 1.46%, compared to the Farm & Heavy Construction Machinery industry's average dividend yield of 1.83%. If you owned $1,000 of DE stock, you would have received $14.65 in the past year.

Deere & Co dividend payments have consistently grown over the past decade and have remained stable.

Find more info about Deere & Co dividend yield and history here.

What others are saying about DE

One of the reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Make your DE buy order

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly fine.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at an exact dollar amount, use a limit order.

Hit the Open Trade button and eToro will place your order.

If you require additional info about investing in stocks on eToro, click the how to video below:

Open eToro Account

Step 6: Get the latest scoop on your DE investment

Now that you own some DE stock, you'll want to keep up with your new company.

Put DE on a watchlist to track the latest developments regarding your DE stock.

DE Feed

How to Buy Stock in Deere & Co

To reiterate, here are the 6 steps to buy stock in Deere & Co:

  1. Decide where to buy Deere & Co stock
  2. Open your brokerage account
  3. Fund your investment account
  4. Research Deere & Co stock
  5. Make your DE buy order
  6. Get the latest scoop on your DE investment

If you require a place to buy stocks, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your investment in Deere & Co, create a watchlist today.

NYSE: DE
$378.17+3.13 (+0.83%)
Updated Jun 24, 2024
Open eToro Account
NYSE: DE
$378.17+3.13 (+0.83%)
Updated Jun 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Deere & Co share?

As of Jun 24, 2024, it costs $378.17 to buy one share of Deere & Co stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.264 shares of DE.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Deere & Co stock?

According to 11 Wall Street analysts who monitor Deere & Co, their consensus recommendation is to buy Deere & Co stock.

What is the best way to buy Deere & Co stock?

One way to place an order for Deere & Co stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.