Cactus Inc (NYSE:WHD) has earned an average rating of “Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $41.00.

Several equities research analysts have recently weighed in on the stock. Bank of America reiterated a “buy” rating and set a $39.00 target price (down previously from $50.00) on shares of Cactus in a research note on Tuesday, June 25th. Zacks Investment Research downgraded Cactus from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 15th. Raymond James dropped their target price on Cactus from $42.00 to $40.00 and set a “strong-buy” rating on the stock in a report on Friday, August 2nd. ValuEngine cut Cactus from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Piper Jaffray Companies cut their price objective on shares of Cactus from $42.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, June 18th.

WHD stock traded up $0.58 on Friday, hitting $29.79. The company’s stock had a trading volume of 775,685 shares, compared to its average volume of 528,953. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 2.55 and a beta of 1.15. The firm has a 50 day moving average of $27.32 and a two-hundred day moving average of $32.79. The company has a current ratio of 3.92, a quick ratio of 2.74 and a debt-to-equity ratio of 0.05. Cactus has a 1 year low of $24.23 and a 1 year high of $40.97.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The company had revenue of $168.50 million for the quarter, compared to the consensus estimate of $162.27 million. Cactus had a net margin of 13.56% and a return on equity of 34.10%. Cactus’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period last year, the firm posted $0.46 EPS. As a group, equities analysts forecast that Cactus will post 1.88 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Moody Aldrich Partners LLC boosted its stake in shares of Cactus by 3.3% in the second quarter. Moody Aldrich Partners LLC now owns 114,805 shares of the company’s stock valued at $3,802,000 after buying an additional 3,648 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Cactus in the first quarter worth $1,383,000. CWM LLC lifted its holdings in Cactus by 198,257.1% in the second quarter. CWM LLC now owns 13,885 shares of the company’s stock valued at $460,000 after acquiring an additional 13,878 shares during the period. Eagle Asset Management Inc. acquired a new stake in Cactus in the first quarter valued at $6,463,000. Finally, Teacher Retirement System of Texas lifted its holdings in Cactus by 96.1% in the first quarter. Teacher Retirement System of Texas now owns 522,916 shares of the company’s stock valued at $18,616,000 after acquiring an additional 256,202 shares during the period. 64.32% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Cactus (NYSE:WHD)

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