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5 Agriculture Stocks With No Sell Ratings

Stocks in this article: POT SYT ADM CF DE DOW MON AGCO

Deere & Company (DE), operating through its subsidiary John Deere, is involved in three segments: agriculture and turf, construction and forestry, and credit. Of the 20 analysts covering the stock, 75% recommend a buy while the remaining rate a hold. There are no sell ratings. On average, analysts estimate a 21.4% upside from current levels.

For its fiscal year that ended on Oct. 31, 2010, the company reported net earnings of $1.87 billion, or $4.35 per share, an increase of 113% from 2009. Meanwhile, total revenue for the year stood at $26 billion. For the first quarter of 2011, Deere reported a profit of $513.7 million, or $1.20 per share, compared to $243.2 million, or $57 cents per share in the year ago period. Revenue escalated 27% to $6.12 billion.

The company's recently announced global projects are likely to expand its global footprint. In mid-January, Deere invested $100 million to build a new factory in India, while in December it announced plans to invest $50 million to build a new factory to manufacture construction equipment to be sold in China and other export markets. During April 2010, the company inaugurated a new $50 million manufacturing and parts distribution facility in South Moscow.

Looking ahead, Deere aims to double its annual sales to $50 billion by 2018, fueled by its agricultural and construction equipment. Additionally, led by equipment sales growth of 18%-20%, Deere raised its full-year 2011 net income guidance to approximately around $2.5 billion, topping the old estimate of $2.1 billion and breezing past analysts' estimate of $2.3 billion. The company plans to capture Agco (AGCO) market leading share in South America with a new lineup of machinery for the region.

The company's board of directors recently announced a regular quarterly dividend of 35 cents per share, payable on Mar. 2, 2011. Currently, the stock has a dividend yield of 1.6%.

>To see these stocks in action, visit the 5 Agriculture Stocks With No Sell Ratings portfolio on Stockpickr.

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.
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