Citigroup set a $42.00 price objective on Cactus (NYSE:WHD) in a research report sent to investors on Friday. The firm currently has a buy rating on the stock.
Other equities analysts also recently issued research reports about the company. Piper Jaffray Companies set a $37.00 price target on Cactus and gave the stock a buy rating in a research report on Thursday, August 9th. ValuEngine downgraded Cactus from a hold rating to a sell rating in a research report on Monday, October 22nd. Royal Bank of Canada boosted their price target on Cactus to $40.00 and gave the stock an outperform rating in a research report on Tuesday, July 31st. Barclays set a $39.00 price target on Cactus and gave the stock a buy rating in a research report on Sunday, August 5th. Finally, JPMorgan Chase & Co. boosted their price target on Cactus from $40.00 to $42.00 and gave the stock an overweight rating in a research report on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Cactus has an average rating of Buy and a consensus price target of $38.80.
WHD opened at $36.35 on Friday. Cactus has a 52-week low of $19.18 and a 52-week high of $40.97. The stock has a market cap of $2.72 billion and a P/E ratio of 0.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.94 and a current ratio of 3.09.
Cactus (NYSE:WHD) last released its earnings results on Wednesday, October 31st. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Cactus had a return on equity of 65.83% and a net margin of 11.31%. The business had revenue of $150.70 million for the quarter, compared to analyst estimates of $146.35 million. The company’s revenue was up 57.0% compared to the same quarter last year. Equities research analysts predict that Cactus will post 1.77 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Cactus by 22.2% in the second quarter. BlackRock Inc. now owns 2,332,388 shares of the company’s stock valued at $78,811,000 after purchasing an additional 423,339 shares during the last quarter. Swiss National Bank acquired a new position in shares of Cactus in the second quarter valued at approximately $1,554,000. California State Teachers Retirement System acquired a new position in shares of Cactus in the first quarter valued at approximately $953,000. Cubist Systematic Strategies LLC acquired a new position in shares of Cactus in the second quarter valued at approximately $315,000. Finally, Viking Fund Management LLC acquired a new position in shares of Cactus in the third quarter valued at approximately $5,359,000. 38.99% 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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