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

Cactus (NYSE:WHD) had its target price reduced by analysts at Stifel Nicolaus from $64.00 to $61.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 68.04% from the company’s previous close.

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

Cactus Trading Down 0.5 %

Shares of NYSE:WHD opened at $36.30 on Tuesday. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 5.13 and a beta of 1.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The company has a 50 day moving average price of $47.87 and a 200 day moving average price of $57.29. Cactus has a 1-year low of $33.80 and a 1-year high of $70.01.

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

Hedge Funds Weigh In On Cactus

Several large investors have recently bought and sold shares of WHD. Oarsman Capital Inc. acquired a new position in shares of Cactus during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC increased its stake in Cactus by 74.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after purchasing an additional 223 shares in the last quarter. Versant Capital Management Inc raised its holdings in Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after purchasing an additional 359 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after purchasing an additional 337 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Cactus in the 4th quarter valued at $76,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

About Cactus

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.