This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Equipment Stocks With Upside

2. Deere & Company (DE - Get Report), through its subsidiaries, operates in three business segments: Agriculture and Turf, Construction and Forestry, and Credit.

For the second quarter of 2011, net income increased 65% to $904.3 million ($2.12 per share), from $547.5 million ($1.28 per share) in the same quarter 2010. Sales were up 25% to $8.9 billion. Agriculture and Turf operations reported a 24% rise in sales, while the Construction and Forestry segment saw sales increase by 46%.

For the second quarter, the company increased its dividend to 41 cents per share, boosting 6 cents or 17% per share from the earlier level. The dividend is payable on June 30, 2011. Besides, Deere plans to build a factory to manufacture engines for its equipment manufactured in China. With the factory slated to begin production in late 2013, the investment would be close to $60 million.

For the third quarter of 2011, equipment sales are forecast 20% higher than the same period a year ago. For full year 2011, the company has raised its net income guidance to about $2.65 billion. Deere's equipment sales are estimated to grow by 21% to 23% from the prior year.

Of the 18 analysts covering the stock, 72% recommend a buy and the rest rate a hold. There are no sell ratings on the stock. According to Bloombergconsensus, the stock is likely to gain an average 30.4% to $106.55 in the upcoming 12 months.

6 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
CAT $86.99 -0.01%
DE $89.97 -0.19%
ITW $94.86 0.08%
KMT $38.95 1.41%
PH $121.06 -0.44%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs