Shares of Deere & Company (NYSE:DE) traded today at $345.49, eclipsing its 52-week high. This new high was reached on below average trading volume as 576,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.
Deere & Company share prices have moved between a 52-week high of $345.49 and a 52-week low of $106.14 and are now trading 225% above that low price at $344.83 per share.
Deere & Company (NYSE:DE) defies analysts with a current price ($344.83) 23.8% above its average consensus price target of $262.74.
Deere is the world’s leading manufacturer of agricultural equipment with approximately $35 billion in annual revenue, including $3.4 billion from its financial services arm. The company is divided into two reportable segments: (1) agriculture and turf and (2) construction and forestry. Approximately 60% of Deere equipment is sold in North America and Canada. The principal products harvested by Deere equipment include grain, oilseeds, cotton, sugar, and biomass. In 2020, agriculture and turf made up approximately 71% of total revenue while construction and forestry generated 29%.
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