Investors might have mixed feelings about the events surrounding Deere & Company (NYSE: DE) in 2019. On the one hand, the agricultural equipment machinery maker has had to progressively lower its full-year earnings guidance through 2019. On the other hand, many of the issues (which could turn out to be near-term ones) are due to a confluence of events beyond Deere's control.
Meanwhile, the company has demonstrated good progress in improving its long-term growth prospects. Given that, is now a good time to be buying Deere stock? Let's take a closer look.
A Deere tractor in the middle of Dresden. Image source: Author.