Derry and Partners today
Derry and Partners
- 52 weeks
- 357.90 dollars
▼
533.78 dollars
- Profit
- 1.35 %
- P/E ratio.
- 23.22
- The target price
- $ 523.93
Derry and Partners Nyse: the The stocks decrease sharply after lowering their guidance in the entire year, pointing to the induction uncertainty, cautious customer spending, and weaker crop prices. The stock fell more than 8 % in the middle of the day on August 14, as investors continue to punish companies that are expected to slow down.
Industrial stocks were one of the best sectors on the market. Before the profit report, De Stock surpassed the SPDR Sector box Nysearca: xliThis reflects its position as a bell for the sector.
Title numbers victory over expectations. The revenues of the third quarter increased to 15.2 billion dollars For a consensus of $ 14.8 billion, and the profits of one share (EPS) has become $ 10.02 for $ 9.57 expected. But this was not enough to make up for the market’s response to the guidance.
Cutting directions hit all parts
John Derry The expected weakness in all business units The regions are for the rest of the year, and the definitions were a major reason. As a company with a large international exposure, it makes sense to be concerned about the effects of customs tariffs.
Deree now expects a mutual tariff in Europe and India and increases steel costs to reduce the results of the strikes by about 700 million dollars, with about half of this effect in the current quarter.
“We have merged higher steel costs and mutual definitions in our guidelines, which can weigh heavily if commercial tensions escalate,” Josh Gibson, CFO, told analysts.
The company also competes with the slowdown demand for equipment. Jepsen said that Deree reduced large tractors stocks by 45 %, 30 % small tractors, and 25 % -30 % ground. However, he also indicated that customers still choose used equipment, creating the opposite winds for new equipment sales.
The decrease in crops was a third factor that contributes to the weakest guidance. John John CEO (CEO) noted that “the prices of corn, wheat and soybeans are at their lowest multi -year levels, which historically leads to farmers to postpone new equipment purchases.”
Cautious guidance may be exaggerated
Deare & Company Stock Expectations today
$ 523.93
9.15 % upModerate purchase
Based on 20 analyst classification
| The current price | $ 480.02 |
|---|---|
| High expectations | $ 619.00 |
| Average expectations | $ 523.93 |
| Low expectations | 440.00 dollars |
Deare & Company Desicate DePults
Dyer is It is known for issuing cautious expectationsAnd the administration approved that the effects of customs tariffs and crop price are based on assumptions that could change. This states that the administration indicates what may happen, which may differ from what will happen.
The guidance reduction also came in addition to the vulnerable market from the most heated inflation data than expected.
Jepsen stressed that the company’s operational discipline is still sound: “Our structural improvements and cost controls put us well on demand returns.”
DEERE DEERE stocks can create a supply offer if demand improves in the market. Who puts The possibility to surprise the profits with the upscale apostasy Later in the fiscal year.
Does this mean that the sale is exaggerated? This is not necessarily the case. The momentum of sale with bears is likely to remain in the short term. Analysts in the stock of De stock did not weigh at the time of writing this report.
Attractive evaluation and technical expectations
With about 23x profits and 26x front profits, De Stock is traded with an average of historical average. However, it is It was not exaggerated for the wider sectorThe graph indicates that sick investors may have a chance.
The sale has paid less than a 50 -day simple moving average (SMA), a level that was providing support for several months. Can stocks decrease more?
Modern history indicates that it is possible. In late March to early April, De Stock fell about 14 %. That slide with the stocks has started around the level it is now. In addition, the MACD crossed the bottom of its signal line, indicating more landmark in the short term.
A 14 % similar decrease would put the bottom near $ 442, as it is in line with a previous level of support. However, it is important to note that De Stock rose sharply after this point.
the The case of purchase and long -term celebration For De Stock is still valid, which means a meaningful decrease in the company’s share price can provide the opportunity to buy.
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