Cactus Inc (NYSE:WHD) Receives Consensus Recommendation of “Buy” from Analysts
Cactus Inc (NYSE:WHD) has been given a consensus rating of “Buy” by the eleven ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $41.00.
WHD has been the subject of a number of recent research reports. Bank of America reiterated a “buy” rating and issued a $39.00 target price (down from $50.00) on shares of Cactus in a research report on Tuesday, June 25th. Piper Jaffray Companies lowered their price target on shares of Cactus from $42.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 18th. ValuEngine downgraded shares of Cactus from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Raymond James decreased their target price on shares of Cactus from $42.00 to $40.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 2nd. Finally, Zacks Investment Research cut Cactus from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 15th.
NYSE WHD traded up $0.58 during mid-day trading on Friday, hitting $29.79. The stock had a trading volume of 775,685 shares, compared to its average volume of 528,953. The firm’s 50 day moving average is $27.32 and its 200 day moving average is $32.79. Cactus has a twelve month low of $24.23 and a twelve month high of $40.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.92 and a quick ratio of 2.74. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 2.55 and a beta of 1.15.
Several hedge funds and other institutional investors have recently bought and sold shares of WHD. Parallel Advisors LLC purchased a new stake in shares of Cactus in the second quarter valued at about $36,000. PNC Financial Services Group Inc. boosted its holdings in Cactus by 396.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,128 shares of the company’s stock valued at $40,000 after purchasing an additional 901 shares during the last quarter. HMS Capital Management LLC acquired a new position in Cactus in the 2nd quarter valued at about $49,000. US Bancorp DE boosted its holdings in Cactus by 20.8% in the 2nd quarter. US Bancorp DE now owns 2,961 shares of the company’s stock valued at $98,000 after purchasing an additional 510 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Cactus by 87.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,387 shares of the company’s stock valued at $112,000 after buying an additional 1,582 shares during the period. Institutional investors and hedge funds own 64.32% of the company’s stock.
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.
Further Reading: How does the Beige Book influence monetary policy?
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.