Cactus (NYSE:WHD – Get Rating) had its price objective dropped by stock analysts at Citigroup from $60.00 to $52.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential upside of 11.25% from the stock’s previous close.
Several other research firms have also recently issued reports on WHD. Benchmark assumed coverage on Cactus in a research report on Thursday, January 19th. They set a “buy” rating and a $70.00 target price for the company. Barclays dropped their price target on Cactus from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Bank of America increased their price target on Cactus from $45.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, November 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Cactus currently has a consensus rating of “Hold” and an average target price of $57.00.
Cactus Stock Performance
NYSE:WHD opened at $46.74 on Tuesday. The company has a current ratio of 4.74, a quick ratio of 3.51 and a debt-to-equity ratio of 0.01. Cactus has a 12-month low of $34.70 and a 12-month high of $64.18. The stock has a 50-day moving average price of $51.75 and a 200 day moving average price of $48.57. The stock has a market capitalization of $3.55 billion, a P/E ratio of 26.11, a P/E/G ratio of 0.44 and a beta of 1.92.
Institutional Investors Weigh In On Cactus
Cactus Company Profile
Cactus, Inc is a holding company, which engages in the design, manufacture and sale of wellhead and pressure control equipment. Its products include Cactus SafeDrill wellhead systems as well as frac stacks, Cactus SafeLink monobore, SafeClamp and SafeInject systems. It also offers field services for its products and rental items to assist with the installation, maintenance, and handling of the wellhead and pressure control equipment.
- Get a free copy of the StockNews.com research report on Cactus (WHD)
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