Cactus (NYSE:WHD) Price Target Lowered to $61.00 at Stifel Nicolaus

Cactus (NYSE:WHD) had its target price reduced by research analysts at Stifel Nicolaus from $64.00 to $61.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 66.05% from the company’s previous close.

Separately, Barclays dropped their target price on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Cactus presently has an average rating of “Hold” and a consensus target price of $53.80.

Cactus Trading Down 1.0 %

Shares of NYSE:WHD traded down $0.36 during trading on Tuesday, reaching $36.74. 370,683 shares of the company were exchanged, compared to its average volume of 760,217. The business’s fifty day simple moving average is $48.81 and its 200-day simple moving average is $57.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. Cactus has a 12-month low of $33.80 and a 12-month high of $70.01. The firm has a market capitalization of $2.92 billion, a PE ratio of 12.96, a P/E/G ratio of 5.13 and a beta of 1.74.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The firm had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million. On average, research analysts anticipate that Cactus will post 3.08 EPS for the current year.

Institutional Investors Weigh In On Cactus

A number of hedge funds and other institutional investors have recently bought and sold shares of WHD. Illinois Municipal Retirement Fund increased its position in shares of Cactus by 0.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company’s stock worth $2,183,000 after purchasing an additional 169 shares in the last quarter. State of Tennessee Department of Treasury grew its stake in Cactus by 0.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company’s stock worth $2,091,000 after buying an additional 177 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Cactus by 1.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company’s stock valued at $606,000 after buying an additional 180 shares in the last quarter. New York State Teachers Retirement System raised its stake in Cactus by 1.3% in the fourth quarter. New York State Teachers Retirement System now owns 15,700 shares of the company’s stock valued at $916,000 after buying an additional 200 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Cactus by 7.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock worth $197,000 after acquiring an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Company Profile

Cactus, Inc, together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers.