Why Deere & Company (DE) Stock Might be a Great Pick

One stock that might be an intriguing choice for investors right now is Deere & Company DE.  This is because this security in the Manufacturing - Farm Equipment space is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Manufacturing - Farm Equipment space as it currently has a Zacks Industry Rank of 17 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Deere & Company is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Deere & Company Price and Consensus

Deere & Company Price and Consensus | Deere & Company Quote

In fact, over the past month, current quarter estimates have risen from 87 cents per share to $1.09 per share, while current year estimates have risen from $7.04 per share to $7.94 per share. This has helped DE to earn a Zacks Rank #1(Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here

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So, if you are looking for a decent pick in a strong industry, consider Deere & Company. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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