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Deere (NYSE:DE) shares rose on Thursday, recording gains for its seventh consecutive session and gaining over 6% over that period.
The agriculture equipment maker inched 0.86% higher on Thursday. Since the start of the year, DE shares have fallen about 0.81%, underperforming the broader S&P 500 index.
Looking at Seeking Alpha’s Quant Rating system, DE had a Hold rating with a score of 3.03 out of 5. The company received an A+ for its profitability but a D+ for growth prospects. The stock also got a D+ for valuation compared to a C- three months ago.
Turning to the Wall Street community, about 15 sell-side analysts surveyed in the last 90 days rated DE as a Buy or higher. Meanwhile, another 14 analysts rated the company as a Hold.
Seeking Alpha analysts generally saw Deere as a Hold.
“I think Deere is a great business and the underlying fundamentals of the business will continue to improve in the long term,” said SA Analyst The Popular Investor.
“However, due to negative short-term guidance that I feel hasn’t fully been priced in, I see this stock as a hold,” the analyst added.
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