Take A Look At It Now Deere & Company (DE), Cameco Corporation (CCJ)

The stocks of Deere & Company (NYSE:DE) has been Reiterated as a Buy by BofA/Merrill in its latest research note that was published on August 19. DE was given a price target of $175 by BofA/Merrill, with other Wall Street analysts also giving their reports regarding the stock. The stock also received a Equal-Weight rating from Stephens. This was contained in a research note published by the firm on August 15. The stock received a Hold rating and a price target of $163 to $155 in Deutsche Bank’s research note that was published on August 14.

Deere’s stock is covered by 22 analysts, with 12 of them rating the stock as Buy. It has been deemed to have strong buy by 1 of the analysts, 8 of them have rated it as a Hold while 1 of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 13 analysts. 1 of them rated it as strong buy with 7 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that DE has an average analyst rating of Overweight.

Deere & Company, which has current market capitalization of above $52 Billion, published its last quarter earnings on July 31, 2019. The company was able to amass $10 Billion in revenue, which saw a quarterly growth rate of -2.58 percent. During the that quarter of the year, Deere also recorded $2.71 earnings per share (EPS) which is $-0.09 above the $2.8 estimated by the analysts, leading to a surprise factor of -3.21%.

DE declined by $-0.36 during the normal trading session on Tuesday and reaching a high of $166.19 during the day while it closed the day at $164.97. The Deere stock had a low trading volume of 1.84 million shares on that day, which is low compared to the average daily volume of 1.93M shares. DE has also lost 0.32% of its value over the past 7 days. However, the stock has surged by 2.59% in the 3 months of the year. Over the past six months meanwhile, it has gained 3.87% while it has added 10.59% year-on date.

Shares in Cameco Corporation (NYSE:CCJ) fell by -0.53 percent on Tuesday. The company’s stock began trading at $9.33 below the previous closing price of $9.38, and finished the day at $9.29. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -16.98% from its 3 months high price. However, taking another look at CCJ will indicate that it is trading +15.69% away from its 90-day low. Looking at the bigger picture, the Cameco Corporation stock has dropped by -28.76% from its 52-week high while it has surged by +15.69% from its 52-week low price.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that CCJ stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that Cameco has a 20-day average volume of 2071411 shares. This has led to the CCJ price forecast being placed as a 50% Sell on an average basis. In the medium term, however, the CCJ stock has its 50-Day average volume of 2205918 shares, with the indicators also rating it as a 50% Sell. Finally, in the long-term, the CCJ stocks have a 100-Day average volume of 2267063 shares, with the long-term indicators rating the stock as just 100% Sell.

Cameco has around 495 Million cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $823 Million. The Cameco stock is bringing in revenue of over 12 months, which is roughly 2 Billion. Despite all that, Cameco Corporation is seeing things progressing very much as their y-o-y quarterly revenue surged by 2.46%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 70.79%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 27.78%. Over the past 20 days, Cameco’s Stochastic %K stood at 38.31% while its Stochastic %D was revealed to be 44.86%.