Deere & Co (DE): Today's Featured Industrial Laggard

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.

Deere ( DE) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Deere fell 84 cents (-1%) to $83.21 on light volume. Throughout the day, two million shares of Deere exchanged hands as compared to its average daily volume of 3.4 million shares. The stock ranged in price between $83.10-$84.70 after having opened the day at $84.18 as compared to the previous trading day's close of $84.05. Other companies within the Industrial industry that declined today were: China BAK Battery ( CBAK), down 14.7%, Intellicheck Mobilisa ( IDN), down 12.1%, Active Power ( ACPW), down 8%, and IntriCon Corporation ( IIN), down 7%.
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Deere & Company provides products and services primarily for agriculture and forestry worldwide. Deere has a market cap of $33.24 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are up 8.7% year to date as of the close of trading on Friday. Currently there are nine analysts that rate Deere a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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