Stifel Nicolaus Issues Pessimistic Forecast for Cactus (NYSE:WHD) Stock Price

Cactus (NYSE:WHD) had its target price lowered by equities research analysts at Stifel Nicolaus from $61.00 to $57.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 39.16% from the stock’s previous close.

Separately, Barclays decreased their target price on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $52.40.

Cactus Trading Up 3.2 %

Shares of WHD stock opened at $40.96 on Friday. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 5.13 and a beta of 1.50. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $42.80 and a 200 day moving average price of $55.26. Cactus has a twelve month low of $33.80 and a twelve month high of $70.01.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business had revenue of $280.32 million during the quarter, compared to the consensus estimate of $272.22 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts forecast that Cactus will post 3.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WHD. First Trust Advisors LP lifted its holdings in shares of Cactus by 34.6% during the 4th quarter. First Trust Advisors LP now owns 1,556,565 shares of the company’s stock valued at $90,841,000 after acquiring an additional 400,452 shares in the last quarter. Federated Hermes Inc. purchased a new position in Cactus in the fourth quarter valued at about $19,235,000. Raymond James Financial Inc. acquired a new position in shares of Cactus during the fourth quarter worth about $16,377,000. Point72 Asset Management L.P. purchased a new stake in shares of Cactus in the fourth quarter worth about $14,285,000. Finally, Tudor Investment Corp ET AL grew its stake in shares of Cactus by 487.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 282,271 shares of the company’s stock valued at $16,473,000 after buying an additional 234,191 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Company Profile

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.