Deere & Company delivered a stellar quarter and has already achieved the target price from our last report. The company’s growth was largely driven by the Construction & Forestry equipment business in the third quarter, which led to improved levels of profitability and a heightened outlook for the rest of this year. Their net sales grew by a staggering 29% to $11.5 billion, with the core Equipment Operations business growing 32% to $10.4 billion. It is worth highlighting that the revenue growth ....
03 Sep 2021
Deere & Company - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 9/21
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Deere & Company - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 9/21
- Published:
03 Sep 2021 -
Author:
Ishan Majumdar -
Pages:
14
Deere & Company delivered a stellar quarter and has already achieved the target price from our last report. The company’s growth was largely driven by the Construction & Forestry equipment business in the third quarter, which led to improved levels of profitability and a heightened outlook for the rest of this year. Their net sales grew by a staggering 29% to $11.5 billion, with the core Equipment Operations business growing 32% to $10.4 billion. It is worth highlighting that the revenue growth ....