Over the past 52 weeks, the shares of Deere & Company (NYSE:DE) has been trading as low as $128.32 before witnessing a massive surge by 24.02% or $30.82. This price movement has led to the DE stock receiving more attention and has become one to watch out for. It dipped by -0.8% on Tuesday and this got the market worried. The stock’s beta now stands at 0.94 and when compared to its 200-day moving average and its 50-day moving average, DE price stands 6.63% above and -0.1% below respectively. Its average daily volatility for this week is 1.87% which is less than the 1.91% recorded over the past month. The shares of Deere & Company dropped by -5.3% or -$8.91 from its last recorded high of $168.05 which it attained on February 25 to close at $159.14 per share.
Deere & Company (DE) sank -1.43% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -5.23% and is now up by 6.68% since start of this year. A look at its monthly performance shows that the stock has recorded a -2.22% fall over the past 30 days. Its equity price climbed by 8.07% over the past three months which led to its overall six-month increase to stand at 7.8%.
Experts from research firms are bullish about the near-term performance of Deere & Company with most of them predicting a $174.5 price target on a short-term (12 months) basis. The average price target by the analysts will see a 9.65% rise in the stock and would lead to DE’s market cap to surge to $55.58B. The stock has been rated an average 2.2, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 22 analysts that track Deere & Company (NYSE:DE) and find out that 9 of them rated it as a Hold. 13 of the 13 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at DE technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 45.19 point. Its trading volume has lost -780617 shares compared to readings over the past three months as it recently exchanged 1519383 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2300000 shares, and this is 0.66 times the normal volume.
The price of American Tower Corporation (REIT) (NYSE:AMT) currently stands at $185.75 after it went up by $0.59 or 0.32% and has found a strong support at $184.97 a share. If the AMT price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $184.18 mark would also be bad for the stock as it means that the stock would plunge by 0.85% from its current position. However, if the stock price is able to trade above the resistance point around $186.66, then it could likely surge higher to try and break the upward resistance which stands at $187.56 a share. Its average daily volatility over the past one month stands at 1.49%. The stock has plunged by 0.36% from its 52-weeks high of $185.09 which it reached on Dec. 03, 2019. In general, it is 28.11% above its 52-weeks lowest point which stands at $133.53 and this setback was observed on Apr. 27, 2018.
Analysts have predicted a price target for American Tower Corporation (REIT) (AMT) for 1 year and it stands at an average $180.29/share. This means that it would likely increase by -2.94% from its current position. The current price of the stock has been moving between $185.09 and $186.78. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $147. On the other hand, one analyst is super bullish about the price, setting a target as high as $210.
The AMT stock Stochastic Oscillator (%D) is at 91.87%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 11.02 which compares to the 9.12 recorded by the industry or the 10.56 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 44.61, which is lower than the 67.06 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 14.9% over the past five years.
Analysts view American Tower Corporation (REIT) (NYSE:AMT) as a Hold, with 2.4 consensus rating. Reuters surveyed 20 analysts that follow AMT and found that 10 of those analysts rated the stock as a Hold. The remaining 10 were divided, with 10 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying American Tower Corporation (REIT) (AMT) shares or sell it if they already own it.
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