Johnson Rice started coverage on shares of Cactus (NYSE:WHD) in a research note issued to investors on Thursday. The firm issued an accumulate rating and a $40.00 price objective on the stock.
A number of other brokerages have also weighed in on WHD. Barclays boosted their price objective on shares of Cactus from $31.00 to $36.00 and gave the stock an overweight rating in a report on Tuesday, May 15th. ValuEngine upgraded shares of Cactus from a hold rating to a buy rating in a report on Wednesday, April 11th. Royal Bank of Canada began coverage on shares of Cactus in a report on Friday, April 6th. They issued an outperform rating and a $32.00 price objective for the company. Citigroup began coverage on shares of Cactus in a report on Tuesday, March 6th. They issued a buy rating for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Cactus in a report on Monday, March 5th. They issued an overweight rating and a $32.00 price objective for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Cactus presently has an average rating of Buy and a consensus target price of $33.50.
Get Cactus alerts:Shares of Cactus opened at $33.53 on Thursday, Marketbeat reports. Cactus has a 1 year low of $19.18 and a 1 year high of $37.50. The company has a market cap of $2.61 billion and a price-to-earnings ratio of 0.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.86 and a quick ratio of 1.67.
Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, May 9th. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. The business had revenue of $115.11 million during the quarter, compared to the consensus estimate of $110.14 million. equities research analysts predict that Cactus will post 1.53 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of WHD. BlackRock Inc. bought a new stake in Cactus during the 1st quarter valued at $51,410,000. Millennium Management LLC bought a new stake in Cactus during the 1st quarter valued at $34,585,000. Boston Partners bought a new stake in Cactus during the 1st quarter valued at $33,253,000. Zimmer Partners LP bought a new stake in Cactus during the 1st quarter valued at $27,469,000. Finally, Loomis Sayles & Co. L P bought a new stake in Cactus during the 1st quarter valued at $18,405,000. Institutional investors own 35.73% of the company’s stock.
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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