Cactus (NYSE:WHD) Now Covered by Benchmark

Research analysts at Benchmark initiated coverage on shares of Cactus (NYSE:WHDGet Rating) in a note issued to investors on Thursday, The Fly reports. The brokerage set a “buy” rating and a $70.00 price target on the stock. Benchmark’s price target would suggest a potential upside of 31.98% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Bank of America increased their target price on Cactus from $45.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 8th. Morgan Stanley increased their target price on Cactus from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Monday, September 26th. Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $52.00 to $48.00 in a research note on Thursday, October 6th. Finally, Citigroup upped their price target on Cactus from $47.00 to $58.00 in a report on Sunday, November 13th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $58.14.

Cactus Stock Up 1.6 %

WHD opened at $53.04 on Thursday. The business has a 50 day moving average price of $52.32 and a two-hundred day moving average price of $46.07. The company has a quick ratio of 3.51, a current ratio of 4.74 and a debt-to-equity ratio of 0.01. The company has a market cap of $4.02 billion, a PE ratio of 34.44, a P/E/G ratio of 0.47 and a beta of 1.93. Cactus has a 52 week low of $34.70 and a 52 week high of $64.18.

Cactus (NYSE:WHDGet Rating) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $184.50 million during the quarter, compared to the consensus estimate of $183.08 million. Cactus had a return on equity of 14.60% and a net margin of 14.94%. The firm’s revenue was up 59.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 EPS. As a group, research analysts anticipate that Cactus will post 1.78 EPS for the current year.

Institutional Investors Weigh In On Cactus

A number of large investors have recently bought and sold shares of WHD. PNC Financial Services Group Inc. grew its holdings in Cactus by 70.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,016 shares of the company’s stock valued at $172,000 after buying an additional 1,247 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Cactus by 55.2% during the 1st quarter. MetLife Investment Management LLC now owns 30,390 shares of the company’s stock valued at $1,724,000 after buying an additional 10,813 shares during the last quarter. BlackRock Inc. grew its holdings in Cactus by 2.4% during the 1st quarter. BlackRock Inc. now owns 3,987,233 shares of the company’s stock valued at $226,236,000 after buying an additional 94,603 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in Cactus during the 1st quarter valued at $268,000. Finally, Dimensional Fund Advisors LP grew its holdings in Cactus by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 950,570 shares of the company’s stock valued at $53,933,000 after buying an additional 10,327 shares during the last quarter. Institutional investors and hedge funds own 83.06% of the company’s stock.

About Cactus

(Get Rating)

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees.

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