Cactus (NYSE:WHD) had its price target increased by stock analysts at Credit Suisse Group from $19.00 to $22.00 in a report issued on Friday, BenzingaRatingsTable reports. The firm presently has an “outperform” rating on the stock. Credit Suisse Group’s target price indicates a potential downside of 2.74% from the company’s current price.
A number of other analysts also recently issued reports on the company. ValuEngine raised Cactus from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Morgan Stanley boosted their price target on Cactus from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Raymond James increased their price objective on Cactus from $22.00 to $24.00 and gave the company a “strong-buy” rating in a report on Monday, July 13th. Citigroup raised their target price on shares of Cactus from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $14.00 price target on the stock. in a research report on Thursday, May 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Cactus presently has a consensus rating of “Buy” and an average target price of $21.82.
NYSE WHD opened at $22.62 on Friday. The firm’s 50 day moving average is $20.51 and its 200-day moving average is $20.72. The company has a quick ratio of 4.11, a current ratio of 5.35 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.70 billion, a PE ratio of 17.40 and a beta of 2.49. Cactus has a 12-month low of $8.16 and a 12-month high of $35.28.
Cactus (NYSE:WHD) last released its earnings results on Wednesday, July 29th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.09. Cactus had a net margin of 11.96% and a return on equity of 14.47%. The business had revenue of $66.55 million during the quarter, compared to the consensus estimate of $60.29 million. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was down 60.5% compared to the same quarter last year. As a group, sell-side analysts expect that Cactus will post 0.32 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of WHD. UBS Group AG boosted its holdings in shares of Cactus by 67.2% during the 4th quarter. UBS Group AG now owns 64,759 shares of the company’s stock worth $2,223,000 after buying an additional 26,026 shares during the period. UBS Asset Management Americas Inc. lifted its position in Cactus by 15.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 36,700 shares of the company’s stock worth $1,260,000 after acquiring an additional 4,821 shares during the last quarter. Bank of America Corp DE lifted its position in Cactus by 18.4% during the fourth quarter. Bank of America Corp DE now owns 317,229 shares of the company’s stock worth $10,887,000 after acquiring an additional 49,313 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Cactus by 1,825.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,309 shares of the company’s stock worth $45,000 after acquiring an additional 1,241 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Cactus by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 629,605 shares of the company’s stock valued at $21,607,000 after purchasing an additional 38,461 shares during the last quarter. 63.90% of the stock is currently owned by institutional investors.
Cactus Company Profile
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.
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