Deere Stock Hits New 52-Week High (DE)

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.

NEW YORK ( TheStreet) -- Deere (NYSE: DE) hit a new 52-week high Wednesday as it is currently trading at $95.13, above its previous 52-week high of $95.10 with 773,800 shares traded as of 11:20 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.

Deere has a market cap of $36.48 billion and is part of the industrial goods sector and industrial industry. Shares are up 8.8% year to date as of the close of trading on Tuesday.

Deere & Company manufactures and distributes agriculture and turf equipment, and construction and forestry equipment worldwide. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, growth in earnings per share 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.

See all 52-week high stocks or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

This Is What a $300 Million Robotic Weed Killer Looks Like

FMC Stock's Impressive Rally Has Another 20% to Gain: Jim Cramer

These Stocks Are Ready to Reverse Course

14 Stocks That Could Skyrocket From Trump's Border Wall With Mexico

Credit Suisse: Deere Still Boasts an 'Encouraging' Backdrop