An End-of-Day Technical Review: Deere & Company (DE), Potash Corporation of Saskatchewan Inc. (POT)

Deere & Company (NYSE:DE) last session’s volume of 1.79 million shares was lower than its average volume of 2.37 million shares. The stock, after opening at $150.67, hit $150.67 through the close by scoring -0.2%.

Deere & Company (DE) Analyst Opinion

Deere & Company has a consensus outperform rating from 22 Wall Street analysts, and the number of shares currently sold short amount to at least 3.64% of shares outstanding. The stock spiked 11.58% last month and is up 46.22 this year. Wall Street is only getting more bullish on the stock, with 10 of analysts who cover DE having a buy-equivalent rating. Analysts have placed a $154.8 price target on Deere & Company, suggesting a 2.74% gain from recent close. It’s currently trading about -1.32% below its 52-week high.

Deere & Company Earnings Surprise

Deere & Company (DE) surprised the stock market in its last reported earnings when it earned $1.57 a piece versus the consensus-estimated $1.47. Its revenue totaled $6.99 billion up 2.24% from the previous quarter.

Deere & Company (NYSE:DE) Intraday View

This stock (DE) is ahead of its 52-week low with 50.59%. Its last month’s stock price volatility remained 1.67% which for the week stands at 1.62%. The share price has moved forward from its 20 days moving average, trading at a distance of 7.59% and stays 12.95% away from its 50 days moving average. Over the last five days, shares have managed 0.86% gains and now is up 23.54% since hitting its 200-day moving average of $127.16. Deere & Company (DE) has made its way to a 12-month gain of 48.75%.

Turning to Potash Corporation of Saskatchewan Inc. (NYSE:POT), its shares were trading at $18.96 a retreat of $-0.05, on the trading floor. The stock, after opening at $19.05, touched a high of $19.21 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.7. Potash Corporation of Saskatchewan Inc. has 3 buy ratings, 8 holds and 1 sells even after the stock tumbled -6.44% from its high of $20.26 to a $15.93 billion market value through last close.

Potash Corporation of Saskatchewan Inc. (POT) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.6 to 2.6 during a month. Analysts set a 12-month price target of $21.69 a share. The target implies a 14.4% spike from where the shares are currently trading. Also, the current price highlights a discount of 27.9% to analysts’ high consensus price target.

Potash Corporation of Saskatchewan Inc. (NYSE:POT) Intraday Trading

The counter witnessed a trading volume of 5.95 million shares versus an average volume of 3.79 million shares during last trading session. Its last month’s stock price volatility remained 1.85% which for the week approaches 1.55%. The lowest price the stock reached in the last trading day was $18.95 and compares with the $15.74 52-week low. The stock recovered 20.46% since its low point and has performed 4.81% year-to-date.

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