Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.5%. By the end of trading, Deere fell 91 cents (-1.2%) to $76.12 on average volume. Throughout the day, 3.1 million shares of Deere exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $75.85-$76.76 after having opened the day at $76.61 as compared to the previous trading day's close of $77.03. Other companies within the Industrial Goods sector that declined today were:
), down 8.3%,
), down 7.7%,
), down 7.2%, and
), down 5.6%.
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Deere & Company provides products and services primarily for agriculture and forestry worldwide. Deere has a market cap of $31.49 billion and is part of the
industry. The company has a P/E ratio of 10.4, below the average industrial industry P/E ratio of 11 and below the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year to date as of the close of trading on Wednesday. Currently there are nine analysts that rate Deere a buy, two analysts rate it a sell, and six rate it a hold.
TheStreet Ratings rates Deere as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Deere Ratings Report.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
) while those bearish on the industrial goods sector could consider
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