DE.US Weekly Report · 2026-W32
Deere stock advanced steadily this week, rising from 592.67 to 620.83 USD, gaining 4.75%. The company trades at P/E 35.06x, positioning near the five-year low percentile. With Q3 earnings approaching, market focus remains on whether the agricultural machinery leader can confirm profit delivery in the second half of 2026.
Market Performance
Weekly close 620.83 USD, up 4.75% from prior week’s close of 592.67 USD. Intra-week range: high 627.88 USD (Thursday), low 600.55 USD (Monday), representing moderate daily swings of approximately 4.5%. The advance displayed steady momentum with no sharp rallies, building gradually across the five trading days.
Volume remained measured: 4.59 million shares across five sessions, averaging 0.92 million per day in line with recent norms. Turnover ratio held at 0.35%, reflecting balanced activity without anomalous concentration.
Valuation and Profitability
P/E ratio of 35.06x sits at the 17.7th percentile over the past five years, near historical lows. P/B ratio stands at 6.12x.
Latest quarter (Q2 2026) reported EPS of 6.55 USD, declining 1.36% year-over-year; Q1 EPS of 2.42 USD declined 24.14% YoY. Q2 revenue of 13.37 billion USD increased 39% sequentially and 4.75% year-over-year. Net margin held at 13.26%, providing support.
Consensus estimate for full-year 2026 EPS reaches 19.735 USD (median), above current TTM of 17.71 USD, signaling anticipated sequential improvement in the second half.
Capital Flows
Capital structure showed mixed signals: small retail investors supplied net inflows of approximately 397 units, medium institutions added 101, while large institutions recorded net outflows of 272. Sustained retail inflows paired with rising price suggest retail confidence in depressed valuations. Large fund divergence likely reflects caution regarding earnings confirmation.
Institutional View
Analyst consensus: 8 buy ratings, 11 hold ratings, 5 price target raises among 24 total analysts (updated August 5, 2026). Mean price target of 648.03 USD implies 4.4% upside from current levels. Analyst ratings tend to lag fundamentals; Q3 earnings release may trigger meaningful revisions.
Weekly News
- Deere to Announce Third Quarter 2026 Financial Results
- CNH earnings were so good they pulled Deere stock up
- DE: Sales rose 6% year-over-year, with Be Fire acquisition boosting European growth and future outlook
- Deere & Co Says John Deere Proposed Two-Year Contract Extension To UAW With Enhanced Wages & Benefits In Early July
- Deere (DE) Could Be 8% Undervalued On UAW Contract Dispute
- Deere & Co. Stock Outperforms Competitors On Strong Trading Day
- 3 US Multinationals That Could Benefit If The Dollar Stays Strong
- Canandaigua National Bank & Trust Co. Invests $4.48 Million in Deere & Company $DE
Summary
Deere advanced this week from a depressed valuation base. Low valuation percentile combined with sustained retail inflows point toward capitulation lows; however, large fund divergence signals institutional caution regarding profit confirmation. Q3 earnings represent the pivotal catalyst. Confirmation of earnings stability would validate valuation recovery, while disappointment would test the conviction behind retail demand.