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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Deere ( DE) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 3.2%. By the end of trading, Deere fell $2.33 (-2.6%) to $85.55 on average volume. Throughout the day, 4,671,307 shares of Deere exchanged hands as compared to its average daily volume of 3,255,700 shares. The stock ranged in price between $85.29-$87.68 after having opened the day at $87.44 as compared to the previous trading day's close of $87.88. Other companies within the Industrial Goods sector that declined today were: Bonso Electronics International ( BNSO), down 15.9%, Real Goods Solar ( RSOL), down 13.4%, JinkoSolar ( JKS), down 12.1% and Astrotech Corporation ( ASTC), down 11.9%.

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Deere has a market cap of $32.9 billion and is part of the industrial industry. The company has a P/E ratio of 9.8, below the S&P 500 P/E ratio of 17.7. Shares are down 3.8% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Deere a buy, 7 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Texas Industries ( TXI), up 9.3%, Continental Materials Corporation ( CUO), up 4.0%, MagneGas Corporation ( MNGA), up 3.3% and Hydrogenics Corporation ( HYGS), up 2.6%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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