Brokerages Set Cactus Inc (WHD) Price Target at $40.91

Cactus Inc (NYSE:WHD) has been given an average rating of “Buy” by the twelve analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $40.91.

WHD has been the topic of several research reports. Zacks Investment Research raised shares of Cactus from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Thursday, March 14th. Citigroup upped their target price on shares of Cactus from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, March 12th. Bank of America started coverage on shares of Cactus in a research note on Monday, December 3rd. They set a “buy” rating and a $36.00 target price on the stock. ValuEngine upgraded shares of Cactus from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Finally, Royal Bank of Canada upped their target price on shares of Cactus from $33.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th.

Shares of WHD traded down $2.41 during mid-day trading on Friday, hitting $34.84. 467,000 shares of the company’s stock were exchanged, compared to its average volume of 464,584. The stock has a market capitalization of $2.76 billion and a PE ratio of 19.57. Cactus has a fifty-two week low of $24.60 and a fifty-two week high of $40.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.28 and a current ratio of 3.68.



Cactus (NYSE:WHD) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $139.82 million for the quarter, compared to analysts’ expectations of $146.27 million. Cactus had a net margin of 9.50% and a return on equity of 37.69%. On average, sell-side analysts predict that Cactus will post 1.98 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Cactus by 42.4% in the third quarter. BlackRock Inc. now owns 3,321,353 shares of the company’s stock valued at $127,141,000 after purchasing an additional 988,965 shares during the last quarter. Vanguard Group Inc increased its stake in Cactus by 43.7% in the third quarter. Vanguard Group Inc now owns 3,198,471 shares of the company’s stock valued at $122,438,000 after purchasing an additional 973,085 shares during the last quarter. Vanguard Group Inc. increased its stake in Cactus by 43.7% in the third quarter. Vanguard Group Inc. now owns 3,198,471 shares of the company’s stock valued at $122,438,000 after purchasing an additional 973,085 shares during the last quarter. FMR LLC increased its stake in Cactus by 8.3% in the fourth quarter. FMR LLC now owns 2,072,007 shares of the company’s stock valued at $56,794,000 after purchasing an additional 157,952 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Cactus by 455.5% in the third quarter. Neuberger Berman Group LLC now owns 1,840,590 shares of the company’s stock valued at $70,458,000 after purchasing an additional 1,509,243 shares during the last quarter. Institutional investors own 51.60% of the company’s stock.

About Cactus

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company's principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents.

See Also: Understanding Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Cactus (NYSE:WHD)

Receive News & Ratings for Cactus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cactus and related companies with MarketBeat.com's FREE daily email newsletter.